Hawaiian Holdings (HA) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $0.80 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.76. The company posted revenue of $551.20 million in the period, compared to analysts expectations of $558.41 million. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.
Many Wall Street Analysts have commented on Hawaiian Holdings. Hawaiian Holdings was Downgraded by Deutsche Bank to ” Hold” on Apr 1, 2016. Hawaiian Holdings was Upgraded by BofA/Merrill to ” Neutral” on Jan 28, 2016. Company shares were Upgraded by Deutsche Bank on Jan 27, 2016 to ” Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $35 .
Hawaiian Holdings closed down -0.21 points or -0.42% at $49.96 with 9,92,302 shares getting traded on Monday. Post opening the session at $50.16, the shares hit an intraday low of $49.054 and an intraday high of $50.48 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Apr 18, 2016, Mark B Dunkerley (President and CEO) sold 85,000 shares at $49.74 per share price. According to the SEC, on Mar 10, 2016, Lawrence Hershfield (director) sold 200,000 shares at $41.33 per share price. On Mar 10, 2016, Gregory Anderson (director) sold 20,000 shares at $39.87 per share price, according to the Form-4 filing with the securities and exchange commission.
Hawaiian Holdings Inc. is a holding company. Through its subsidiary Hawaiian Airlines Inc. the Company is engaged in the scheduled air transportation of passengers and cargo. The Company offers transportation 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). In addition it operates various charter flights and offers non-stop services to Hawai’i from 11 United States gateway cities. It also provides approximately 166 daily flights between the Hawaiian Islands. The Company’s fleet has approximately 18 Boeing 717-200 aircraft for the Neighbor Island routes and 10 Boeing 767-300 aircraft and 19 Airbus A330-200 aircraft for the North America international and charter routes. It owns three ATR42 turboprop aircraft for the Ohana by Hawaiian Neighbor Island service.