Imperial Capital Weighs in on Hawaiian Holdings, Inc.’s FY2017 Earnings (HA)

Hawaiian Holdings, Inc. (NASDAQ:HA) – Research analysts at Imperial Capital lifted their FY2017 earnings estimates for Hawaiian in a report issued on Wednesday. Imperial Capital analyst M. Derchin now expects 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.

Hawaiian (NASDAQ:HA) last released its quarterly earnings data on Thursday, October 19th. The transportation company reported $1.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.07. Hawaiian had a return on equity of 41.49% and a net margin of 7.67%. The business had revenue of $719.56 million for the quarter, compared to analyst estimates of $721.00 million. During the same quarter in the prior year, the firm posted $1.91 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year.

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

Shares of Hawaiian (HA) opened at $41.40 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $2,077.88, a P/E ratio of 6.80, a price-to-earnings-growth ratio of 3.14 and a beta of 1.51. Hawaiian has a 52-week low of $32.40 and a 52-week high of $60.90.

The business also recently announced 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 payout ratio is currently 12.77%.

Hawaiian announced that its board has initiated a share repurchase plan on Tuesday, December 5th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

In other news, EVP Peter R. Ingram sold 1,000 shares of the stock in a transaction 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 can be accessed through this link. Corporate insiders own 2.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in HA. FNY Managed Accounts LLC purchased a new position in Hawaiian during the 3rd quarter valued at about $152,000. Riverhead Capital Management LLC boosted its holdings in Hawaiian by 83.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,028 shares of the transportation company’s stock valued at $189,000 after acquiring an additional 1,828 shares during the period. Flinton Capital Management LLC raised its position in Hawaiian by 80.9% in the 2nd quarter. Flinton Capital Management LLC now owns 4,508 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 2,016 shares in the last quarter. First Hawaiian Bank acquired a new stake in Hawaiian in the 3rd quarter valued at about $224,000. Finally, Cigna Investments Inc. New acquired a new stake in Hawaiian in the 2nd quarter valued at about $240,000. Institutional investors own 93.86% of the company’s stock.

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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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