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

Hawaiian Holdings, Inc. (NASDAQ:HA - Free Report) - Research analysts at Seaport Res Ptn cut their Q2 2024 EPS estimates for shares of Hawaiian in a note issued to investors on Tuesday, April 23rd. Seaport Res Ptn analyst D. Mckenzie now anticipates that the transportation company will earn ($0.95) per share for the quarter, down from their previous forecast 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 reduced their price objective on shares of Hawaiian from $15.00 to $14.00 and set a "neutral" rating for the company in a research note on Wednesday.

Hawaiian Stock Up 1.2 %

Shares of Hawaiian stock traded up $0.15 during trading on Friday, hitting $12.27. The company's stock had a trading volume of 768,389 shares, compared to its average volume of 996,960. The company has a debt-to-equity ratio of 16.74, a quick ratio of 1.02 and a current ratio of 0.89. The company has a fifty day simple moving average of $13.50 and a two-hundred day simple moving average of $11.19. The company has a market capitalization of $636.20 million, a PE ratio of -2.12 and a beta of 2.39. Hawaiian has a 52 week low of $3.70 and a 52 week high of $14.89.

Hawaiian (NASDAQ:HA - Get Free Report) last issued its quarterly earnings results 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). The business 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 301.69% and a negative net margin of 10.90%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($2.17) earnings per share.

Hedge Funds Weigh In On Hawaiian

Several institutional investors and hedge funds have recently bought and sold shares of HA. Byrne Asset Management LLC purchased a new position in Hawaiian during the first quarter valued at $28,000. PenderFund Capital Management Ltd. purchased a new position in Hawaiian during the fourth quarter valued at $37,000. Oak Thistle LLC purchased a new position in Hawaiian during the third quarter valued at $66,000. PNC Financial Services Group Inc. lifted its position in Hawaiian by 210.4% during the fourth 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. Finally, CVA Family Office LLC purchased a new position in shares of Hawaiian in the fourth quarter valued at about $79,000. 70.15% of the stock is currently owned by hedge funds and other institutional investors.

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.