Stock on the Run: Hawaiian Holdings Inc. (NASDAQ: HA)

HONOLULU, June 22, 2019 – Shares of Hawaiian Holdings Inc. (NASDAQ: HA) declined -1.12% to $25.69. The stock grabbed the investor’s attention and traded 937.729K shares as compared to its average daily volume of 731.45K shares. The stock’s institutional ownership stands at 95.10%.

Hawaiian Holdings Inc. (HA) recently reported first-quarter profit of $36.40M. The Honolulu-based company said it had net income of 75 cents per share. Earnings, adjusted for non-recurring gains, came to 67 cents per share. The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.

The parent company of Hawaiian Airlines posted revenue of $656.80M in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $660.30M.

HA has a market value of $1.25B while its EPS was booked as $4.62 in the last 12 months. The stock has 48.75M shares outstanding. In the profitability analysis, the company has gross profit margin of 31.20% while net profit margin was 8.50%. Beta value of the company was 1.81; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.80.

Ameena Dalia

Finance and Entertainment Reporter

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