Q2 2024 EPS Estimates for Hawaiian Holdings, Inc. Lowered by Zacks Research (NASDAQ:HA)

Hawaiian Holdings, Inc. (NASDAQ:HA – Get Rating) – Zacks Research reduced their Q2 2024 earnings per share (EPS) estimates for Hawaiian in a note issued to investors on Monday, May 8th. Zacks Research analyst M. Basu now forecasts that the transportation company will post earnings per share of $0.00 for the quarter, down from their prior forecast of $0.05. The consensus estimate for Hawaiian’s current full-year earnings is ($3.33) per share. Zacks Research also issued estimates for Hawaiian’s Q2 2024 earnings at $0.00 EPS and Q3 2024 earnings at $0.18 EPS.

Hawaiian (NASDAQ:HA – Get Rating) last issued its earnings results on Tuesday, April 25th. The transportation company reported ($2.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.28) by $0.11. Hawaiian had a negative return on equity of 59.32% and a negative net margin of 7.00%. The firm had revenue of $612.60 million for the quarter, compared to analysts’ expectations of $605.15 million. During the same period in the previous year, the firm posted ($2.54) earnings per share. The business’s revenue was up 28.4% compared to the same quarter last year.

Several other brokerages have also recently issued reports on HA. StockNews.com cut Hawaiian from a “hold” rating to a “sell” rating in a report on Thursday, April 27th. Cowen dropped their price target on Hawaiian from $19.00 to $16.00 and set a “market perform” rating for the company in a research report on Wednesday, February 1st. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $14.00.

Hawaiian Trading Down 2.6 %

Shares of HA stock opened at $7.76 on Thursday. Hawaiian has a 12-month low of $7.44 and a 12-month high of $18.25. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 7.01. The stock’s 50-day moving average price is $8.58 and its 200-day moving average price is $11.04. The stock has a market capitalization of $400.01 million, a price-to-earnings ratio of -2.05 and a beta of 1.92.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HA. U S Global Investors Inc. boosted its position in shares of Hawaiian by 50.1% during the first quarter. U S Global Investors Inc. now owns 7,167,513 shares of the transportation company’s stock valued at $65,920,000 after buying an additional 2,392,279 shares during the period. Millennium Management LLC boosted its position in shares of Hawaiian by 933.7% during the second quarter. Millennium Management LLC now owns 663,758 shares of the transportation company’s stock valued at $9,498,000 after buying an additional 743,371 shares during the period. GMT Capital Corp purchased a new position in shares of Hawaiian during the first quarter valued at approximately $4,406,000. Marshall Wace LLP boosted its position in shares of Hawaiian by 117.1% during the fourth quarter. Marshall Wace LLP now owns 695,764 shares of the transportation company’s stock valued at $7,139,000 after buying an additional 375,226 shares during the period. Finally, Sonic GP LLC purchased a new position in shares of Hawaiian during the fourth quarter valued at approximately $3,078,000. Hedge funds and other institutional investors own 79.09% of the company’s stock.

About Hawaiian

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Hawaiian Holdings, Inc is a holding company, which engages in the provision of air transportation services. It offers cargo handling and passenger flights between the Hawaiian Islands and its neighbor island routes. It operates through the Domestic and Pacific geographic segments. The company was founded in January 1929 and is headquartered in Honolulu, HI.