Imperial Capital Equities Analysts Boost Earnings Estimates for Hawaiian Holdings, Inc. (HA)

Hawaiian Holdings, Inc. (NASDAQ:HA) – Equities research analysts at Imperial Capital lifted their FY2017 earnings per share estimates for shares of Hawaiian in a research report issued on Wednesday. Imperial Capital analyst M. Derchin now anticipates that the transportation company will post earnings per share of $5.65 for the year, up from their prior forecast of $5.55. Imperial Capital has a “Outperform” rating and a $74.00 price objective on the stock. Imperial Capital also issued estimates for Hawaiian’s Q4 2017 earnings at $1.11 EPS, Q1 2018 earnings at $0.94 EPS, Q2 2018 earnings at $1.63 EPS, Q3 2018 earnings at $2.11 EPS, Q4 2018 earnings at $1.33 EPS and FY2018 earnings at $6.00 EPS.

HA has been the subject of a number of other research reports. Buckingham Research reissued a “buy” rating on shares of Hawaiian in a research report on Thursday, November 23rd. Morgan Stanley decreased their price target on Hawaiian from $40.00 to $39.00 and set an “underweight” rating for the company in a report on Thursday, August 17th. Cowen decreased their price target on Hawaiian from $47.00 to $43.00 and set a “market perform” rating for the company in a report on Friday, October 13th. BidaskClub upgraded Hawaiian from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 18th. Finally, ValuEngine upgraded Hawaiian from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Hawaiian presently has an average rating of “Hold” and a consensus price target of $46.36.

Shares of Hawaiian (NASDAQ HA) opened at $40.45 on Friday. The stock has a market cap of $2,172.33, a P/E ratio of 7.11, a P/E/G ratio of 3.28 and a beta of 1.51. Hawaiian has a 1 year low of $32.40 and a 1 year high of $60.90. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.53.

Hawaiian (NASDAQ:HA) last posted its earnings results on Thursday, October 19th. The transportation company reported $1.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.07. The firm had revenue of $719.56 million during the quarter, compared to the consensus estimate of $721.00 million. Hawaiian had a net margin of 7.67% and a return on equity of 41.49%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.91 EPS.

Several institutional investors have recently added to or reduced their stakes in HA. FNY Managed Accounts LLC bought a new position in Hawaiian during the third quarter worth $152,000. Riverhead Capital Management LLC lifted its stake in Hawaiian by 83.1% during the second quarter. Riverhead Capital Management LLC now owns 4,028 shares of the transportation company’s stock worth $189,000 after purchasing an additional 1,828 shares during the last quarter. Flinton Capital Management LLC lifted its stake in Hawaiian by 80.9% during the second quarter. Flinton Capital Management LLC now owns 4,508 shares of the transportation company’s stock worth $212,000 after purchasing an additional 2,016 shares during the last quarter. First Hawaiian Bank bought a new position in Hawaiian during the third quarter worth $224,000. Finally, Cigna Investments Inc. New bought a new position in Hawaiian during the second quarter worth $240,000. Institutional investors own 93.86% of the company’s stock.

In other news, EVP Peter R. Ingram sold 1,000 shares of the stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $40.65, for a total transaction of $40,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

Hawaiian declared that its Board of Directors has initiated a stock buyback program on Tuesday, December 5th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the transportation company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The business also recently declared a special dividend, which was paid on Thursday, November 30th. Shareholders of record on Friday, November 17th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, November 16th. Hawaiian’s dividend payout ratio is presently 12.77%.

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About Hawaiian

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.

Earnings History and Estimates for Hawaiian (NASDAQ:HA)

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