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

Hawaiian Holdings, Inc. (NASDAQ:HA - Free Report) - Equities research analysts at Zacks Research reduced their Q2 2024 earnings per share estimates for shares of Hawaiian in a report issued on Monday, May 13th. Zacks Research analyst M. Basu now forecasts that the transportation company will post earnings of ($1.16) per share for the quarter, down from their previous estimate of ($0.48). The consensus estimate for Hawaiian's current full-year earnings is ($5.02) per share. Zacks Research also issued estimates for Hawaiian's Q3 2024 earnings at ($0.37) EPS, Q4 2024 earnings at ($0.80) EPS, FY2024 earnings at ($5.10) EPS, Q1 2025 earnings at ($1.37) EPS, Q2 2025 earnings at ($0.75) EPS, Q3 2025 earnings at ($0.28) EPS, Q4 2025 earnings at ($0.21) EPS, FY2025 earnings at ($2.61) EPS and Q1 2026 earnings at ($0.21) EPS.

Separately, Susquehanna reduced their price target on Hawaiian from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Wednesday, April 24th.

Hawaiian Stock Up 1.9 %

Shares of Hawaiian stock traded up $0.25 during trading hours on Wednesday, reaching $13.73. 1,605,869 shares of the company's stock were exchanged, compared to its average volume of 958,814. Hawaiian has a fifty-two week low of $3.70 and a fifty-two week high of $14.89. The stock has a market cap of $711.90 million, a P/E ratio of -2.33 and a beta of 2.37. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 16.74. The company has a 50 day moving average of $13.19 and a two-hundred day moving average of $12.03.

Hawaiian (NASDAQ:HA - Get Free Report) last released its earnings results on Tuesday, April 23rd. The transportation company reported ($2.77) EPS for the quarter, missing the consensus estimate of ($2.75) by ($0.02). The firm had revenue of $645.57 million during the quarter, compared to the consensus estimate of $629.24 million. Hawaiian had a negative net margin of 10.90% and a negative return on equity of 301.69%. The company's revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($2.17) EPS.

Institutional Investors Weigh In On Hawaiian

A number of large investors have recently modified their holdings of the business. Victory Capital Management Inc. grew its holdings in shares of Hawaiian by 10.9% during the 3rd quarter. Victory Capital Management Inc. now owns 81,200 shares of the transportation company's stock valued at $514,000 after purchasing an additional 8,000 shares during the last quarter. Illinois Municipal Retirement Fund bought a new stake in Hawaiian during the 3rd quarter worth $215,000. Jump Financial LLC grew its position in Hawaiian by 129.0% during the 3rd quarter. Jump Financial LLC now owns 112,953 shares of the transportation company's stock worth $715,000 after acquiring an additional 63,620 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Hawaiian in the third quarter valued at about $83,000. Finally, Barclays PLC boosted its stake in shares of Hawaiian by 96.3% during the third 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. Institutional investors and hedge funds own 70.15% of the company's stock.

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.