Hawaiian (NASDAQ:HA) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Hawaiian (NASDAQ:HA) released its earnings results on Tuesday. The transportation company reported ($2.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.75) by ($0.02), Briefing.com reports. The firm had revenue of $645.57 million during the quarter, compared to the consensus estimate of $629.24 million. Hawaiian had a negative return on equity of 171.49% and a negative net margin of 9.59%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($2.17) EPS.

Hawaiian Stock Down 4.9 %

Shares of NASDAQ:HA traded down $0.63 on Wednesday, hitting $12.27. 668,112 shares of the company traded hands, compared to its average volume of 987,205. The company has a market cap of $636.20 million, a PE ratio of -2.47 and a beta of 2.39. The stock has a 50 day simple moving average of $13.58 and a 200-day simple moving average of $11.17. Hawaiian has a 52 week low of $3.70 and a 52 week high of $14.89. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 16.74.

Analysts Set New Price Targets

Separately, Susquehanna cut their target price on Hawaiian from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday.

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.