Hawaiian (NASDAQ:HA) Earns Market Perform Rating from Cowen

Cowen reaffirmed their market perform rating on shares of Hawaiian (NASDAQ:HA) in a research report report published on Wednesday morning, Briefing.com Automated Import reports. The brokerage currently has a $29.00 price objective on the transportation company’s stock, down from their previous price objective of $31.00.

A number of other equities analysts have also recently issued reports on the company. ValuEngine raised Hawaiian from a strong sell rating to a sell rating in a report on Tuesday, July 2nd. Zacks Investment Research raised Hawaiian from a strong sell rating to a hold rating in a research note on Wednesday, April 10th. BidaskClub cut Hawaiian from a buy rating to a hold rating in a research note on Tuesday, July 30th. Imperial Capital reissued an outperform rating and issued a $38.00 price target (up previously from $36.00) on shares of Hawaiian in a research note on Wednesday, April 10th. Finally, Macquarie cut Hawaiian from an outperform rating to a neutral rating and decreased their price target for the company from $35.00 to $29.00 in a research note on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $29.89.

Shares of HA opened at $27.09 on Wednesday. Hawaiian has a 12-month low of $24.24 and a 12-month high of $44.25. The stock has a 50-day moving average price of $27.07. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.98. The firm has a market cap of $1.23 billion, a PE ratio of 4.98 and a beta of 1.80.

Hawaiian (NASDAQ:HA) last issued its earnings results on Tuesday, July 30th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.19. Hawaiian had a return on equity of 24.26% and a net margin of 7.76%. The business had revenue of $712.19 million during the quarter, compared to analysts’ expectations of $704.74 million. During the same quarter in the prior year, the firm earned $1.44 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities analysts forecast that Hawaiian will post 4.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be issued a $0.12 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.48 annualized dividend and a yield of 1.77%. Hawaiian’s payout ratio is currently 8.82%.

A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in shares of Hawaiian by 12.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,137,067 shares of the transportation company’s stock worth $82,849,000 after purchasing an additional 335,590 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Hawaiian by 10.3% in the first quarter. Principal Financial Group Inc. now owns 2,229,698 shares of the transportation company’s stock worth $58,532,000 after purchasing an additional 207,873 shares during the last quarter. LSV Asset Management raised its stake in shares of Hawaiian by 1.5% in the first quarter. LSV Asset Management now owns 1,455,470 shares of the transportation company’s stock worth $38,206,000 after purchasing an additional 21,519 shares during the last quarter. Royce & Associates LP raised its stake in shares of Hawaiian by 28.2% in the first quarter. Royce & Associates LP now owns 1,412,678 shares of the transportation company’s stock worth $37,083,000 after purchasing an additional 310,616 shares during the last quarter. Finally, Primecap Management Co. CA raised its stake in shares of Hawaiian by 3.5% in the first quarter. Primecap Management Co. CA now owns 951,367 shares of the transportation company’s stock worth $24,973,000 after purchasing an additional 32,167 shares during the last quarter. Institutional investors and hedge funds own 93.33% of the company’s stock.

Hawaiian Company Profile

Hawaiian Holdings, Inc, through its subsidiary, Hawaiian Airlines, Inc, engages in the scheduled air transportation of passengers and cargo. The company offers daily services on North America routes between the State of Hawai'i and Long Beach, Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; Seattle, Washington, and New York City, New York.

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Analyst Recommendations for Hawaiian (NASDAQ:HA)

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