Seaport Global Securities Research Analysts Lower Earnings Estimates for Hawaiian Holdings, Inc. (NASDAQ:HA)


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Hawaiian Holdings, Inc. (NASDAQ:HA) – Stock analysts at Seaport Global Securities cut their Q2 2021 earnings estimates for Hawaiian in a research note issued to investors on Wednesday, April 28th. Seaport Global Securities analyst D. Mckenzie now forecasts that the transportation company will post earnings of ($1.70) per share for the quarter, down from their prior forecast of ($0.50). Seaport Global Securities also issued estimates for Hawaiian’s Q3 2021 earnings at ($0.50) EPS, Q4 2021 earnings at ($0.10) EPS and FY2021 earnings at ($6.15) EPS.

Hawaiian (NASDAQ:HA) last announced its quarterly earnings results on Tuesday, April 27th. The transportation company reported ($3.85) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($3.71) by ($0.14). Hawaiian had a negative net margin of 21.28% and a negative return on equity of 37.81%. The company had revenue of $182.20 million during the quarter, compared to analysts’ expectations of $198.20 million. During the same quarter in the prior year, the business posted ($0.74) earnings per share. The company’s revenue was down 67.4% compared to the same quarter last year.

Several other brokerages also recently weighed in on HA. Susquehanna Bancshares boosted their target price on Hawaiian from $13.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, January 14th. Cowen downgraded Hawaiian from a “market perform” rating to an “underperform” rating and set a $15.00 target price on the stock. in a research note on Monday, January 11th. The Goldman Sachs Group boosted their target price on Hawaiian from $7.00 to $14.00 and gave the stock a “sell” rating in a research note on Tuesday, March 16th. Stifel Nicolaus lifted their price target on Hawaiian from $19.00 to $27.00 and gave the stock a “hold” rating in a research report on Monday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft raised Hawaiian from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Monday, March 1st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Hawaiian presently has a consensus rating of “Hold” and an average target price of $21.57.

Shares of NASDAQ:HA opened at $24.62 on Monday. Hawaiian has a 12-month low of $10.31 and a 12-month high of $29.86. The business’s fifty day simple moving average is $26.09 and its 200-day simple moving average is $21.58. The company has a market capitalization of $1.26 billion, a PE ratio of -3.78 and a beta of 2.36. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.62.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. purchased a new position in Hawaiian in the first quarter valued at $220,000. Comerica Bank lifted its position in Hawaiian by 1.3% in the first quarter. Comerica Bank now owns 48,974 shares of the transportation company’s stock valued at $1,228,000 after purchasing an additional 639 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Hawaiian in the first quarter valued at about $1,104,000. Roman Butler Fullerton & Co. acquired a new stake in shares of Hawaiian during the 1st quarter valued at approximately $249,000. Finally, Unison Advisors LLC acquired a new stake in shares of Hawaiian during the 1st quarter valued at approximately $261,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

In related news, SVP Theodoros Panagiotoulias sold 3,000 shares of the stock in a transaction that occurred on Tuesday, February 9th. The stock was sold at an average price of $22.32, for a total value of $66,960.00. Following the completion of the transaction, the senior vice president now directly owns 38,432 shares in the company, valued at $857,802.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Aaron J. Alter sold 2,500 shares of the company’s stock in a transaction on Friday, April 30th. The stock was sold at an average price of $24.88, for a total value of $62,200.00. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Hawaiian Company Profile

Hawaiian Holdings, Inc, through its subsidiary, Hawaiian Airlines, Inc, engages in the scheduled air transportation of passengers and cargo. The company offers daily services on North America routes between the State of Hawai'i and Long Beach, Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Portland, Oregon; and Seattle, Washington.

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