Brokerages expect that JetBlue Airways Co. (NASDAQ:JBLU) will report earnings of $0.24 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for JetBlue Airways’ earnings, with estimates ranging from $0.20 to $0.30. JetBlue Airways posted earnings of $0.59 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 59.3%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, April 25th.
On average, analysts expect that JetBlue Airways will report full year earnings of $1.75 per share for the current year, with EPS estimates ranging from $1.60 to $1.90. For the next year, analysts anticipate that the company will post earnings of $1.96 per share, with EPS estimates ranging from $1.61 to $2.26. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow JetBlue Airways.
JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Thursday, January 26th. The transportation company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The firm earned $1.60 billion during the quarter, compared to analyst estimates of $1.64 billion. JetBlue Airways had a return on equity of 20.64% and a net margin of 11.31%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the company earned $0.56 earnings per share.
Several research firms recently commented on JBLU. Zacks Investment Research raised JetBlue Airways from a “strong sell” rating to a “hold” rating in a research note on Friday, March 17th. Imperial Capital reaffirmed an “outperform” rating and set a $29.00 target price on shares of JetBlue Airways in a research note on Tuesday, March 14th. Wolfe Research cut JetBlue Airways from a “market perform” rating to an “underperform” rating in a research note on Friday, January 27th. Argus cut JetBlue Airways from a “buy” rating to a “hold” rating in a research note on Friday, January 27th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. raised JetBlue Airways from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $21.42 to $27.00 in a research note on Wednesday, January 25th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. JetBlue Airways has a consensus rating of “Hold” and a consensus price target of $24.17.
Shares of JetBlue Airways (NASDAQ:JBLU) traded up 0.65% during mid-day trading on Friday, reaching $21.53. The company had a trading volume of 5,758,857 shares. The firm’s 50-day moving average price is $20.36 and its 200 day moving average price is $20.16. The company has a market cap of $7.26 billion, a price-to-earnings ratio of 9.68 and a beta of 0.26. JetBlue Airways has a 52-week low of $14.76 and a 52-week high of $23.15.
In other news, EVP James G. Hnat sold 9,127 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $20.41, for a total value of $186,282.07. Following the transaction, the executive vice president now owns 26,932 shares in the company, valued at $549,682.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $20.18, for a total value of $40,360.00. Following the completion of the transaction, the chief executive officer now owns 386,118 shares in the company, valued at approximately $7,791,861.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,247 shares of company stock worth $372,820. Corporate insiders own 0.70% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Menora Mivtachim Holdings LTD. bought a new position in JetBlue Airways during the fourth quarter worth $117,000. Exane Derivatives raised its position in JetBlue Airways by 21.1% in the third quarter. Exane Derivatives now owns 8,023 shares of the transportation company’s stock worth $138,000 after buying an additional 1,400 shares in the last quarter. Nisa Investment Advisors LLC raised its position in JetBlue Airways by 128.6% in the third quarter. Nisa Investment Advisors LLC now owns 8,000 shares of the transportation company’s stock worth $138,000 after buying an additional 4,500 shares in the last quarter. Americafirst Capital Management LLC bought a new position in JetBlue Airways during the first quarter worth $141,000. Finally, James Investment Research Inc. bought a new position in JetBlue Airways during the first quarter worth $150,000. Institutional investors own 80.57% of the company’s stock.
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JetBlue Airways Company Profile
JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.
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