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Hawaiian Holdings Inc. Stock Upgraded (HA)

NEW YORK (TheStreet) -- Hawaiian Holdings (Nasdaq:HA) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 4.4%. Since the same quarter one year prior, revenues rose by 22.7%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Airlines industry. The net income increased by 107.8% when compared to the same quarter one year prior, rising from -$50.04 million to $3.90 million.
  • HAWAIIAN HOLDINGS INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, HAWAIIAN HOLDINGS INC swung to a loss, reporting -$0.07 versus $2.12 in the prior year. This year, the market expects an improvement in earnings ($1.44 versus -$0.07).
  • The gross profit margin for HAWAIIAN HOLDINGS INC is rather low; currently it is at 24.20%. Regardless of HA's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, HA's net profit margin of 0.80% compares favorably to the industry average.

Hawaiian Holdings, Inc., through its subsidiary, Hawaiian Airlines, Inc., engages in the scheduled air transportation of passengers and cargo. The company has a P/E ratio of 19.5, below the average transportation industry P/E ratio of 100.5 and above the S&P 500 P/E ratio of 17.7. Hawaiian has a market cap of $307.9 million and is part of the services sector and transportation industry. Shares are up 4% year to date as of the close of trading on Thursday.

You can view the full Hawaiian Ratings Report or get investment ideas from our investment research center.

-- Written by a member of TheStreet Ratings Staff

TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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