Hawaiian Holdings (HA) was Initiated by Credit Suisse to “Neutral” and the brokerage firm has set the Price Target at $43. Credit Suisse advised their investors in a research report released on Jun 10, 2016.
Many Wall Street Analysts have commented on Hawaiian Holdings. Company shares were Reiterated by Cowen on Apr 22, 2016 to “Market Perform”, Firm has raised the Price Target to $ 48 from a previous price target of $36 .Hawaiian Holdings was Downgraded by Deutsche Bank to ” Hold” on Apr 1, 2016.
On the company’s financial health, Hawaiian Holdings reported $0.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.76. The company had revenue of $551.20 million for the quarter, 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.
Hawaiian Holdings opened for trading at $41.7 and hit $42.37 on the upside on Thursday, eventually ending the session at $41.67, with a gain of 0.43% or 0.18 points. The heightened volatility saw the trading volume jump to 6,75,617 shares. Company has a market cap of $2,233 M.
In a different news, on May 17, 2016, Duane E. Woerth (director) sold 3,000 shares at $41.85 per share price. According to the SEC, on May 16, 2016, Tomoyuki Moriizumi (director) sold 5,000 shares at $42.78 per share price. On May 12, 2016, Shannon Lei Okinaka (EVP, CFO and Treasurer) sold 10,000 shares at $42.92 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.