Hawaiian Holdings, Inc. (HA) Issues Earnings Results
Hawaiian Holdings, Inc. (NASDAQ:HA) announced its earnings results on Thursday. The transportation company reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.18. Hawaiian Holdings had a return on equity of 48.91% and a net margin of 10.28%. The firm had revenue of $614.20 million for the quarter, compared to the consensus estimate of $610.70 million. During the same period in the previous year, the business earned $0.80 EPS. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis.
Hawaiian Holdings (NASDAQ:HA) traded up 2.77% during mid-day trading on Thursday, reaching $51.90. The company’s stock had a trading volume of 1,212,369 shares. The stock’s 50 day moving average is $48.23 and its 200 day moving average is $50.82. The firm has a market cap of $2.77 billion, a PE ratio of 11.90 and a beta of 1.12. Hawaiian Holdings has a one year low of $34.69 and a one year high of $60.90.
HA has been the topic of several research analyst reports. Imperial Capital restated an “outperform” rating and set a $70.00 target price on shares of Hawaiian Holdings in a research note on Wednesday, January 11th. Sidoti boosted their target price on Hawaiian Holdings from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, January 20th. They noted that the move was a valuation call. Zacks Investment Research downgraded Hawaiian Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, March 29th. Cowen and Company dropped their target price on Hawaiian Holdings from $54.00 to $52.00 and set a “market perform” rating on the stock in a research note on Monday, April 10th. Finally, Morgan Stanley restated an “overweight” rating on shares of Hawaiian Holdings in a research note on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $51.36.
In other news, EVP Peter R. Ingram sold 2,500 shares of Hawaiian Holdings stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $50.00, for a total transaction of $125,000.00. Following the completion of the sale, the executive vice president now directly owns 216,911 shares in the company, valued at approximately $10,845,550. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark B. Dunkerley sold 13,000 shares of Hawaiian Holdings stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $51.55, for a total transaction of $670,150.00. Following the sale, the insider now owns 414,761 shares of the company’s stock, valued at $21,380,929.55. The disclosure for this sale can be found here. Insiders sold a total of 41,500 shares of company stock worth $2,086,455 in the last ninety days. 3.40% of the stock is owned by corporate insiders.
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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