Hawaiian (NASDAQ:HA) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Hawaiian (NASDAQ:HA) issued its quarterly earnings results on Tuesday. The transportation company reported ($1.37) earnings per share for the quarter, missing the consensus estimate of ($1.34) by ($0.03), Briefing.com reports. Hawaiian had a negative net margin of 10.90% and a negative return on equity of 301.69%. The company had revenue of $731.91 million during the quarter, compared to analyst estimates of $745.68 million. During the same period in the previous year, the company posted ($0.47) EPS. The company’s quarterly revenue was up 3.5% on a year-over-year basis.

Hawaiian Stock Down 3.5 %

NASDAQ:HA traded down $0.47 on Wednesday, hitting $12.79. The stock had a trading volume of 2,518,160 shares, compared to its average volume of 918,080. The business’s fifty day moving average is $13.08 and its 200 day moving average is $13.39. The company has a market cap of $663.16 million, a PE ratio of -2.21 and a beta of 2.38. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 16.74. Hawaiian has a 52 week low of $3.70 and a 52 week high of $14.89.

Wall Street Analysts Forecast Growth

HA has been the topic of several research analyst reports. Susquehanna cut their target price on Hawaiian from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. TD Cowen upped their target price on Hawaiian from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $11.75.

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.