Hawaiian Holdings, Inc. (NASDAQ:HA) announced its quarterly earnings data on Thursday. The transportation company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.18. The company had revenue of $614.20 million for the quarter, compared to analysts’ expectations of $610.70 million. Hawaiian Holdings had a net margin of 10.28% and a return on equity of 48.91%. The business’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.
Shares of Hawaiian Holdings (NASDAQ:HA) traded up 2.77% during trading on Thursday, reaching $51.90. 1,212,369 shares of the company traded hands. Hawaiian Holdings has a 12 month low of $34.69 and a 12 month high of $60.90. The stock’s 50 day moving average price is $48.23 and its 200-day moving average price is $50.82. The stock has a market cap of $2.77 billion, a P/E ratio of 11.90 and a beta of 1.12.
In other Hawaiian Holdings news, EVP Peter R. Ingram sold 5,000 shares of the stock in a transaction on Friday, February 10th. The stock was sold at an average price of $51.71, for a total transaction of $258,550.00. Following the transaction, the executive vice president now owns 221,911 shares in the company, valued at approximately $11,475,017.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark B. Dunkerley sold 13,000 shares of the 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 approximately $21,380,929.55. The disclosure for this sale can be found here. In the last three months, insiders sold 41,500 shares of company stock valued at $2,086,455. 3.40% of the stock is currently owned by insiders.
Several brokerages have recently issued reports on HA. Zacks Investment Research cut shares of Hawaiian Holdings from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 26th. Imperial Capital lowered their price objective on shares of Hawaiian Holdings from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 25th. Bank of America Corp cut shares of Hawaiian Holdings from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 10th. Morgan Stanley reiterated an “overweight” rating on shares of Hawaiian Holdings in a report on Wednesday, February 22nd. Finally, Wolfe Research upgraded shares of Hawaiian Holdings from a “market perform” rating to an “outperform” rating in a report on Thursday, February 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target 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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