Seaport Res Ptn Analysts Lift Earnings Estimates for Hawaiian Holdings, Inc. (NASDAQ:HA)

Hawaiian Holdings, Inc. (NASDAQ:HA) – Equities research analysts at Seaport Res Ptn raised their Q2 2024 earnings per share estimates for Hawaiian in a note issued to investors on Monday, April 15th. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will post earnings per share of ($0.35) for the quarter, up from their previous estimate of ($0.60). The consensus estimate for Hawaiian’s current full-year earnings is ($3.77) per share. Seaport Res Ptn also issued estimates for Hawaiian’s Q3 2024 earnings at $0.00 EPS, FY2024 earnings at ($3.40) EPS and FY2025 earnings at $0.75 EPS.

Hawaiian Trading Down 2.0 %

Shares of HA stock opened at $12.99 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 16.74. The business has a 50-day moving average price of $13.64 and a two-hundred day moving average price of $10.94. Hawaiian has a 12-month low of $3.70 and a 12-month high of $14.89. The firm has a market cap of $673.53 million, a P/E ratio of -2.57 and a beta of 2.39.

Hawaiian (NASDAQ:HA) last issued its quarterly earnings results on Tuesday, January 30th. The transportation company reported ($2.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.35) by ($0.02). Hawaiian had a negative return on equity of 171.49% and a negative net margin of 9.59%. The firm had revenue of $669.07 million for the quarter, compared to the consensus estimate of $668.97 million. During the same period last year, the firm earned ($0.49) EPS. The company’s revenue for the quarter was down 8.5% on a year-over-year basis.

Institutional Investors Weigh In On Hawaiian

Several hedge funds have recently added to or reduced their stakes in the company. PenderFund Capital Management Ltd. bought a new stake in shares of Hawaiian in the 4th quarter valued at about $37,000. Tower Research Capital LLC TRC lifted its stake in shares of Hawaiian by 195.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,043 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 2,675 shares during the last quarter. US Bancorp DE lifted its stake in shares of Hawaiian by 187.7% in the 4th quarter. US Bancorp DE now owns 4,005 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 2,613 shares during the last quarter. FMR LLC lifted its stake in shares of Hawaiian by 213.3% in the 1st quarter. FMR LLC now owns 6,375 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 4,340 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Hawaiian by 436.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,669 shares of the transportation company’s stock valued at $61,000 after acquiring an additional 4,612 shares during the last quarter. Institutional investors own 70.15% of the company’s stock.

About Hawaiian

Hawaiian Holdings, Inc, through its subsidiary, Hawaiian Airlines, Inc, engages in the scheduled air transportation of passengers and cargo. It provides daily services on North America routes between the State of Hawai'i and Long Beach, Los Angeles, Oakland, Ontario, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Seattle, Washington; Portland, Oregon; Phoenix, Arizona; New York City, New York; Austin, Texas; and Boston, Massachusetts.