Equities research analysts predict that Hawaiian Holdings, Inc. (NASDAQ:HA) will announce $724.08 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Hawaiian Holdings’ earnings. The highest sales estimate is $734.90 million and the lowest is $714.45 million. Hawaiian Holdings posted sales of $671.84 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.8%. The business is expected to report its next quarterly earnings results on Tuesday, October 17th.

On average, analysts expect that Hawaiian Holdings will report full year sales of $724.08 million for the current fiscal year, with estimates ranging from $2.66 billion to $2.70 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $2.75 billion per share, with estimates ranging from $2.68 billion to $2.86 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Hawaiian Holdings.

Hawaiian Holdings (NASDAQ:HA) last released its earnings results on Tuesday, July 25th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. The business had revenue of $675.33 million for the quarter, compared to the consensus estimate of $676.59 million. Hawaiian Holdings had a return on equity of 44.12% and a net margin of 8.88%. Hawaiian Holdings’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.21 earnings per share.

HA has been the topic of a number of research analyst reports. Credit Suisse Group initiated coverage on shares of Hawaiian Holdings in a research report on Monday, June 5th. They set an “outperform” rating and a $45.00 price objective on the stock. ValuEngine downgraded shares of Hawaiian Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. BidaskClub downgraded shares of Hawaiian Holdings from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Zacks Investment Research downgraded shares of Hawaiian Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Finally, Stifel Nicolaus upgraded shares of Hawaiian Holdings from a “sell” rating to a “hold” rating and set a $40.00 price objective on the stock in a research report on Friday, July 28th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $52.17.

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Hawaiian Holdings (NASDAQ HA) traded down 2.109% during mid-day trading on Friday, hitting $42.925. The company had a trading volume of 316,534 shares. The firm has a market capitalization of $2.30 billion, a PE ratio of 10.441 and a beta of 1.38. Hawaiian Holdings has a 12-month low of $39.45 and a 12-month high of $60.90. The company’s 50 day moving average price is $43.73 and its 200-day moving average price is $48.49.

In other news, EVP Peter R. Ingram sold 5,000 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $56.62, for a total value of $283,100.00. Following the completion of the sale, the executive vice president now directly owns 202,911 shares of the company’s stock, valued at $11,488,820.82. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Peter R. Ingram sold 1,000 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $41.78, for a total transaction of $41,780.00. Following the completion of the sale, the executive vice president now directly owns 198,411 shares of the company’s stock, valued at $8,289,611.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,500 shares of company stock valued at $1,671,260. Corporate insiders own 2.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Flinton Capital Management LLC boosted its position in Hawaiian Holdings by 2.3% in the first quarter. Flinton Capital Management LLC now owns 2,492 shares of the transportation company’s stock valued at $116,000 after buying an additional 56 shares during the last quarter. First Mercantile Trust Co. boosted its position in Hawaiian Holdings by 17.2% in the first quarter. First Mercantile Trust Co. now owns 2,954 shares of the transportation company’s stock valued at $137,000 after buying an additional 434 shares during the last quarter. Neuburgh Advisers LLC boosted its position in Hawaiian Holdings by 2.3% in the first quarter. Neuburgh Advisers LLC now owns 3,026 shares of the transportation company’s stock valued at $141,000 after buying an additional 68 shares during the last quarter. US Bancorp DE boosted its position in Hawaiian Holdings by 42.4% in the first quarter. US Bancorp DE now owns 3,400 shares of the transportation company’s stock valued at $158,000 after buying an additional 1,012 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its position in Hawaiian Holdings by 67.3% in the first quarter. LS Investment Advisors LLC now owns 3,519 shares of the transportation company’s stock valued at $163,000 after buying an additional 1,416 shares during the last quarter. 90.44% of the stock is owned by hedge funds and other institutional investors.

About Hawaiian Holdings

Hawaiian Holdings, Inc is a holding company. The Company is engaged in the scheduled air transportation of passengers and cargo amongst the Hawaiian Islands (the Neighbor Island routes), between the Hawaiian Islands and certain cities in the United States (the North America routes), and between the Hawaiian Islands and the South Pacific, Australia, New Zealand and Asia (the International routes), collectively referred to as its Scheduled Operations.

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