We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
High Debt Ails Hawaiian Holdings (HA) Amid Better Q2 Outlook
Read MoreHide Full Article
Like other airlines, Hawaiian Holdings, Inc. (HA - Free Report) is bearing the brunt of the coronavirus pandemic. The demand scenario, which started deteriorating in late January 2020, began to worsen in mid-March. Due to decline in passenger revenues (down 72.7% in first quarter of 2021), the carrier encountered wider-than-expected loss in each of the last four quarters.
The company’s total debt to total capital ratio was 0.78 at the end of first-quarter 2021, higher than the previous quarter’s 0.68. Higher debt-to-capitalization ratio indicates that the proportion of debt to finance the company’s assets is increasing and so is the risk of insolvency.
However, owing to strong air-travel demand across North America, Hawaiian Holdings provided an improved outlook for second-quarter 2021 revenues. The carrier now expects second-quarter revenues to decline in 42-46% range from second-quarter 2019 actuals (previous forecast: 45-50% decline). The fresh guidance is better than the old one.
Due to a better revenue scenario, the company now predicts adjusted EBITDAAR between a negative $40 million and a negative $10 million compared with its prior anticipation of a negative $70 million and a negative $20 million.
Zacks Rank & Stocks to Consider
Hawaiian Holdings currently carries a Zacks Rank #3 (Hold).
Long-term (three to five years) expected earnings per share growth rate for Landstar, Triton and Herc Holdings is projected at 12%, 10% and 42.9%, respectively.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related stocks now >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
High Debt Ails Hawaiian Holdings (HA) Amid Better Q2 Outlook
Like other airlines, Hawaiian Holdings, Inc. (HA - Free Report) is bearing the brunt of the coronavirus pandemic. The demand scenario, which started deteriorating in late January 2020, began to worsen in mid-March. Due to decline in passenger revenues (down 72.7% in first quarter of 2021), the carrier encountered wider-than-expected loss in each of the last four quarters.
The company’s total debt to total capital ratio was 0.78 at the end of first-quarter 2021, higher than the previous quarter’s 0.68. Higher debt-to-capitalization ratio indicates that the proportion of debt to finance the company’s assets is increasing and so is the risk of insolvency.
However, owing to strong air-travel demand across North America, Hawaiian Holdings provided an improved outlook for second-quarter 2021 revenues. The carrier now expects second-quarter revenues to decline in 42-46% range from second-quarter 2019 actuals (previous forecast: 45-50% decline). The fresh guidance is better than the old one.
Due to a better revenue scenario, the company now predicts adjusted EBITDAAR between a negative $40 million and a negative $10 million compared with its prior anticipation of a negative $70 million and a negative $20 million.
Zacks Rank & Stocks to Consider
Hawaiian Holdings currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Transportation sector includes Landstar System, Inc. (LSTR - Free Report) , Triton International Limited and Herc Holdings Inc. (HRI - Free Report) . Herc Holdings and Landstar sport a Zacks Rank #1 (Strong Buy), while Triton carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term (three to five years) expected earnings per share growth rate for Landstar, Triton and Herc Holdings is projected at 12%, 10% and 42.9%, respectively.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>