Seaport Res Ptn Research Analysts Increase Earnings Estimates for Hawaiian Holdings, Inc. (NASDAQ:HA)

Hawaiian Holdings, Inc. (NASDAQ:HA - Free Report) - Seaport Res Ptn raised their Q2 2024 EPS estimates for Hawaiian in a report issued on Monday, April 15th. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will post earnings per share of ($0.35) for the quarter, up from their prior estimate of ($0.60). The consensus estimate for Hawaiian's current full-year earnings is ($3.79) per share. Seaport Res Ptn also issued estimates for Hawaiian's Q3 2024 earnings at $0.00 EPS, FY2024 earnings at ($3.40) EPS and FY2025 earnings at $0.75 EPS.

Hawaiian (NASDAQ:HA - Get Free Report) last released its earnings results on Tuesday, January 30th. The transportation company reported ($2.37) EPS for the quarter, missing the consensus estimate of ($2.35) by ($0.02). Hawaiian had a negative net margin of 9.59% and a negative return on equity of 171.49%. The firm had revenue of $669.07 million during the quarter, compared to the consensus estimate of $668.97 million. During the same period in the prior year, the business earned ($0.49) earnings per share. Hawaiian's quarterly revenue was down 8.5% compared to the same quarter last year.

Hawaiian Stock Performance

HA stock remained flat at $13.25 during mid-day trading on Wednesday. 516,868 shares of the company's stock traded hands, compared to its average volume of 998,243. The company has a debt-to-equity ratio of 16.74, a current ratio of 1.02 and a quick ratio of 1.02. Hawaiian has a 52-week low of $3.70 and a 52-week high of $14.89. The stock has a market capitalization of $687.01 million, a price-to-earnings ratio of -2.62 and a beta of 2.39. The stock's 50 day moving average is $13.66 and its two-hundred day moving average is $10.92.

Institutional Investors Weigh In On Hawaiian

Hedge funds have recently made changes to their positions in the stock. Mutual Advisors LLC acquired a new stake in shares of Hawaiian in the 3rd quarter valued at approximately $642,000. Sanders Morris Harris LLC acquired a new stake in shares of Hawaiian in the 3rd quarter valued at approximately $1,309,000. Jump Financial LLC boosted its stake in shares of Hawaiian by 129.0% in the 3rd quarter. Jump Financial LLC now owns 112,953 shares of the transportation company's stock valued at $715,000 after purchasing an additional 63,620 shares in the last quarter. Barclays PLC boosted its stake in shares of Hawaiian by 96.3% in the 3rd quarter. Barclays PLC now owns 128,061 shares of the transportation company's stock valued at $812,000 after purchasing an additional 62,835 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Hawaiian by 191.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 134,620 shares of the transportation company's stock valued at $852,000 after purchasing an additional 88,402 shares in the last quarter. 70.15% of the stock is currently owned by institutional investors and hedge funds.

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.