Hawaiian Holdings, Inc. (NASDAQ:HA) announced its quarterly earnings results on Thursday. The transportation company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.18. The company earned $614.20 million during the quarter, compared to analysts’ expectations of $610.70 million. Hawaiian Holdings had a return on equity of 48.91% and a net margin of 10.28%. Hawaiian Holdings’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the business earned $0.80 earnings per share.
Hawaiian Holdings (NASDAQ:HA) opened at 51.90 on Friday. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 11.90 and a beta of 1.12. The firm’s 50-day moving average price is $48.23 and its 200-day moving average price is $50.82. Hawaiian Holdings has a 1-year low of $34.69 and a 1-year high of $60.90.
In related news, insider Mark B. Dunkerley sold 13,000 shares of Hawaiian Holdings stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $51.55, for a total value of $670,150.00. Following the transaction, the insider now owns 414,761 shares in the company, valued at $21,380,929.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter R. Ingram sold 2,500 shares of Hawaiian Holdings stock in a transaction on Monday, April 10th. The shares were sold at an average price of $48.27, for a total value of $120,675.00. Following the completion of the transaction, the executive vice president now owns 216,711 shares in the company, valued at approximately $10,460,639.97. The disclosure for this sale can be found here. Insiders sold 41,500 shares of company stock worth $2,086,455 in the last quarter. 3.40% of the stock is owned by insiders.
HA has been the subject of a number of recent analyst reports. Bank of America Corp cut Hawaiian Holdings from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 10th. Zacks Investment Research cut Hawaiian Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, March 29th. Cowen and Company cut their price objective on Hawaiian Holdings from $54.00 to $52.00 and set a “market perform” rating for the company in a research report on Monday, April 10th. Morgan Stanley restated an “overweight” rating on shares of Hawaiian Holdings in a research report on Wednesday, February 22nd. Finally, Sidoti boosted their price objective on Hawaiian Holdings from $48.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, January 20th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $51.36.
Hawaiian Holdings 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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