Equities research analysts expect Hawaiian Holdings, Inc. (NASDAQ:HA) to announce sales of $642.69 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Hawaiian’s earnings. The lowest sales estimate is $640.00 million and the highest is $646.70 million. Hawaiian reported sales of $614.19 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.6%. The company is expected to announce its next quarterly earnings report on Thursday, April 19th.
On average, analysts expect that Hawaiian will report full-year sales of $642.69 million for the current fiscal year, with estimates ranging from $2.80 billion to $2.93 billion. For the next fiscal year, analysts expect that the business will report sales of $3.00 billion per share, with estimates ranging from $2.88 billion to $3.16 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Hawaiian.
Hawaiian (NASDAQ:HA) last announced its earnings results on Monday, January 29th. The transportation company reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.10. Hawaiian had a return on equity of 36.52% and a net margin of 13.51%. The firm had revenue of $686.50 million for the quarter, compared to the consensus estimate of $686.00 million. During the same period in the previous year, the business earned $1.28 EPS. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis.
Shares of Hawaiian (HA) traded up $1.20 during mid-day trading on Friday, reaching $37.75. The company had a trading volume of 1,924,000 shares, compared to its average volume of 1,117,302. Hawaiian has a 1 year low of $32.40 and a 1 year high of $59.45. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.53. The stock has a market cap of $1,865.11, a P/E ratio of 5.51, a price-to-earnings-growth ratio of 3.08 and a beta of 1.54.
Hawaiian announced that its Board of Directors has approved a share buyback program on Tuesday, December 5th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, February 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.27%. Hawaiian’s dividend payout ratio is currently 7.01%.
Hedge funds have recently modified their holdings of the company. FNY Managed Accounts LLC acquired a new position in shares of Hawaiian in the 3rd quarter valued at about $152,000. Elkfork Partners LLC acquired a new position in shares of Hawaiian in the 4th quarter valued at about $199,000. First Mercantile Trust Co. lifted its holdings in shares of Hawaiian by 90.1% in the 4th quarter. First Mercantile Trust Co. now owns 5,427 shares of the transportation company’s stock valued at $216,000 after buying an additional 2,572 shares during the period. Flinton Capital Management LLC raised its holdings in Hawaiian by 28.2% in the 4th quarter. Flinton Capital Management LLC now owns 6,356 shares of the transportation company’s stock worth $253,000 after purchasing an additional 1,400 shares during the period. Finally, CIBC Asset Management Inc acquired a new position in Hawaiian in the 4th quarter worth about $259,000. 89.72% of the stock is owned by institutional investors and hedge funds.
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Hawaiian Company Profile
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.
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