Q2 2024 EPS Estimates for Hawaiian Holdings, Inc. (NASDAQ:HA) Lowered by Analyst

Hawaiian Holdings, Inc. (NASDAQ:HA) – Equities research analysts at Seaport Res Ptn reduced their Q2 2024 earnings estimates for Hawaiian in a research note issued on Tuesday, April 23rd. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will earn ($0.95) per share for the quarter, down from their previous estimate of ($0.35). The consensus estimate for Hawaiian’s current full-year earnings is ($3.77) per share. Seaport Res Ptn also issued estimates for Hawaiian’s Q3 2024 earnings at ($0.40) EPS, Q4 2024 earnings at ($0.85) EPS and FY2024 earnings at ($4.95) EPS.

Separately, Susquehanna dropped their price target on shares of Hawaiian from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday.

Hawaiian Trading Down 2.4 %

Shares of HA stock opened at $12.12 on Friday. Hawaiian has a one year low of $3.70 and a one year high of $14.89. The company has a quick ratio of 1.02, a current ratio of 0.89 and a debt-to-equity ratio of 16.74. The company has a 50 day moving average price of $13.54 and a 200 day moving average price of $11.18.

Hawaiian (NASDAQ:HA) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($2.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.75) by ($0.02). Hawaiian had a negative net margin of 10.90% and a negative return on equity of 301.69%. The firm had revenue of $645.57 million for the quarter, compared to analysts’ expectations of $629.24 million. During the same period in the previous year, the company posted ($2.17) EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis.

Institutional Investors Weigh In On Hawaiian

Large investors have recently made changes to their positions in the business. Byrne Asset Management LLC acquired a new stake in shares of Hawaiian in the first quarter worth $28,000. PenderFund Capital Management Ltd. acquired a new stake in Hawaiian during the 4th quarter valued at $37,000. PNC Financial Services Group Inc. grew its holdings in Hawaiian by 210.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,487 shares of the transportation company’s stock valued at $78,000 after purchasing an additional 3,719 shares in the last quarter. CVA Family Office LLC acquired a new stake in Hawaiian during the 4th quarter valued at $79,000. Finally, CWM LLC grew its holdings in Hawaiian by 97.2% during the 4th quarter. CWM LLC now owns 7,984 shares of the transportation company’s stock valued at $113,000 after purchasing an additional 3,936 shares in the last quarter. Institutional investors and hedge funds own 70.15% of the company’s stock.

Hawaiian Company Profile

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.