Trade-Ideas LLC identified

Hawaiian Holdings

(

HA

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Hawaiian Holdings as such a stock due to the following factors:

  • HA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $66.8 million.
  • HA has traded 434,764 shares today.
  • HA is trading at a new lifetime high.

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More details on HA:

Hawaiian Holdings, Inc., through its subsidiary, Hawaiian Airlines, Inc., engages in the scheduled air transportation of passengers and cargo. HA has a PE ratio of 14. Currently there are 4 analysts that rate Hawaiian Holdings a buy, 1 analyst rates it a sell, and 3 rate it a hold.

The average volume for Hawaiian Holdings has been 1.4 million shares per day over the past 30 days. Hawaiian has a market cap of $2.3 billion and is part of the services sector and transportation industry. The stock has a beta of 1.85 and a short float of 4.6% with 1.52 days to cover. Shares are up 20.7% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Hawaiian Holdings as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, expanding profit margins, good cash flow from operations, notable return on equity and solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:

  • HAWAIIAN HOLDINGS INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, HAWAIIAN HOLDINGS INC increased its bottom line by earning $3.00 versus $1.06 in the prior year. This year, the market expects an improvement in earnings ($4.71 versus $3.00).
  • 37.85% is the gross profit margin for HAWAIIAN HOLDINGS INC which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 6.60% trails the industry average.
  • Net operating cash flow has significantly increased by 79.32% to $86.56 million when compared to the same quarter last year. Despite an increase in cash flow, HAWAIIAN HOLDINGS INC's cash flow growth rate is still lower than the industry average growth rate of 108.32%.
  • Powered by its strong earnings growth of 288.23% and other important driving factors, this stock has surged by 126.90% over the past year, outperforming the rise in the S&P 500 Index during the same period. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. In comparison to other companies in the Airlines industry and the overall market on the basis of return on equity, HAWAIIAN HOLDINGS INC has underperformed in comparison with the industry average, but has greatly exceeded that of the S&P 500.

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