Hawaiian Holdings, Inc. (NASDAQ:HA) Forecasted to Earn Q2 2024 Earnings of ($0.35) Per Share

Hawaiian Holdings, Inc. (NASDAQ:HA) – Research analysts at Seaport Res Ptn increased their Q2 2024 earnings per share estimates for shares of Hawaiian in a research report issued on Monday, April 15th. Seaport Res Ptn analyst D. Mckenzie now anticipates that the transportation company will post earnings per share of ($0.35) for the quarter, up from their prior estimate of ($0.60). The consensus estimate for Hawaiian’s current full-year earnings is ($3.79) 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 (NASDAQ:HA) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported ($2.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.35) by ($0.02). Hawaiian had a negative net margin of 9.59% and a negative return on equity of 171.49%. The firm had revenue of $669.07 million during the quarter, compared to analysts’ expectations of $668.97 million. During the same quarter in the prior year, the firm posted ($0.49) EPS. Hawaiian’s quarterly revenue was down 8.5% compared to the same quarter last year.

Hawaiian Price Performance

Hawaiian stock remained flat at $13.25 during trading hours on Wednesday. The company’s stock had a trading volume of 514,271 shares, compared to its average volume of 998,242. The company has a debt-to-equity ratio of 16.74, a quick ratio of 1.02 and a current ratio of 1.02. Hawaiian has a 12 month low of $3.70 and a 12 month high of $14.89. The firm has a fifty day simple moving average of $13.68 and a two-hundred day simple moving average of $10.91.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of Hawaiian by 1.9% in the 2nd quarter. BlackRock Inc. now owns 9,534,108 shares of the transportation company’s stock worth $102,682,000 after purchasing an additional 178,095 shares during the last quarter. Vanguard Group Inc. lifted its stake in Hawaiian by 0.8% in the third quarter. Vanguard Group Inc. now owns 5,538,996 shares of the transportation company’s stock valued at $72,838,000 after acquiring an additional 44,393 shares during the last quarter. State Street Corp lifted its stake in Hawaiian by 7.0% in the first quarter. State Street Corp now owns 2,845,245 shares of the transportation company’s stock valued at $56,051,000 after acquiring an additional 185,579 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Hawaiian by 13.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,170,999 shares of the transportation company’s stock valued at $42,767,000 after purchasing an additional 259,426 shares during the period. Finally, Third Avenue Management LLC raised its position in shares of Hawaiian by 141.0% in the first quarter. Third Avenue Management LLC now owns 1,556,133 shares of the transportation company’s stock valued at $14,254,000 after purchasing an additional 910,431 shares during the period. 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.