Hawaiian (NASDAQ:HA) Issues Earnings Results, Beats Expectations By $0.10 EPS

Hawaiian (NASDAQ:HA) announced its quarterly earnings data on Monday, January 29th. The transportation company reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.10, Briefing.com reports. The firm had revenue of $686.50 million for the quarter, compared to the consensus estimate of $686.00 million. Hawaiian had a net margin of 13.51% and a return on equity of 38.73%. The company’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm earned $1.28 EPS.

Shares of Hawaiian (NASDAQ HA) opened at $38.40 on Thursday. The firm has a market cap of $2,010.00, a P/E ratio of 7.89, a price-to-earnings-growth ratio of 3.29 and a beta of 1.54. Hawaiian has a 12-month low of $32.40 and a 12-month high of $59.45. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.90 and a current ratio of 0.90.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.25%. The ex-dividend date is Tuesday, February 13th. Hawaiian’s dividend payout ratio is presently 9.86%.

A number of brokerages have issued reports on HA. ValuEngine downgraded shares of Hawaiian from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Stifel Nicolaus lifted their price objective on shares of Hawaiian from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, January 30th. BidaskClub raised shares of Hawaiian from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Buckingham Research reaffirmed a “buy” rating on shares of Hawaiian in a research note on Thursday, November 23rd. Finally, Imperial Capital lifted their price target on shares of Hawaiian from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Hawaiian currently has an average rating of “Hold” and a consensus target price of $48.36.

Hawaiian announced that its board has authorized a stock repurchase program on Tuesday, December 5th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the transportation company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

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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 for Hawaiian (NASDAQ:HA)

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