Q2 2024 Earnings Estimate for Hawaiian Holdings, Inc. Issued By Seaport Res Ptn (NASDAQ:HA)

Hawaiian Holdings, Inc. (NASDAQ:HA) – Equities research analysts at Seaport Res Ptn lowered their Q2 2024 earnings per share (EPS) estimates for Hawaiian in a research note issued to investors on Tuesday, April 23rd. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will post earnings of ($0.95) per share for the quarter, down from their previous forecast of ($0.35). 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 ($0.40) EPS, Q4 2024 earnings at ($0.85) EPS and FY2024 earnings at ($4.95) EPS.

Separately, Susquehanna decreased their target price on Hawaiian from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday.

Hawaiian Price Performance

HA opened at $12.27 on Friday. Hawaiian has a fifty-two week low of $3.70 and a fifty-two week high of $14.89. The firm has a 50-day moving average of $13.50 and a 200 day moving average of $11.19. The company has a debt-to-equity ratio of 16.74, a quick ratio of 1.02 and a current ratio of 0.89. The firm has a market cap of $636.20 million, a P/E ratio of -2.12 and a beta of 2.39.

Hawaiian (NASDAQ:HA) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($2.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.75) by ($0.02). The firm had revenue of $645.57 million for the quarter, compared to analysts’ expectations of $629.24 million. Hawaiian had a negative return on equity of 301.69% and a negative net margin of 10.90%. Hawaiian’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($2.17) earnings per share.

Hedge Funds Weigh In On Hawaiian

Institutional investors have recently added to or reduced their stakes in the business. Oak Thistle LLC bought a new position in shares of Hawaiian in the 3rd quarter worth $66,000. Victory Capital Management Inc. raised its position in Hawaiian by 10.9% during the third quarter. Victory Capital Management Inc. now owns 81,200 shares of the transportation company’s stock valued at $514,000 after purchasing an additional 8,000 shares in the last quarter. Illinois Municipal Retirement Fund bought a new stake in Hawaiian during the third quarter worth about $215,000. Jump Financial LLC boosted its holdings in shares of Hawaiian by 129.0% in the 3rd quarter. Jump Financial LLC now owns 112,953 shares of the transportation company’s stock worth $715,000 after purchasing an additional 63,620 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Hawaiian during the 3rd quarter valued at about $83,000. 70.15% of the stock is currently owned by institutional investors.

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.