JetBlue Airways Corp. (NASDAQ:JBLU) – Imperial Capital issued their Q3 2016 earnings estimates for JetBlue Airways Corp. in a research report issued on Friday. Imperial Capital analyst M. Derchin anticipates that the firm will post earnings of $0.59 per share for the quarter. Imperial Capital has a “Outperform” rating and a $21.00 price objective on the stock. Imperial Capital also issued estimates for JetBlue Airways Corp.’s Q4 2016 earnings at $0.46 EPS, FY2016 earnings at $2.17 EPS, Q1 2017 earnings at $0.39 EPS, Q2 2017 earnings at $0.41 EPS, Q3 2017 earnings at $0.57 EPS, Q4 2017 earnings at $0.44 EPS and FY2017 earnings at $1.80 EPS.

JetBlue Airways Corp. (NASDAQ:JBLU) last announced its earnings results on Tuesday, July 26th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. The company earned $1.60 billion during the quarter, compared to analysts’ expectations of $1.65 billion. JetBlue Airways Corp. had a net margin of 11.73% and a return on equity of 22.84%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 earnings per share.

Other equities analysts have also issued research reports about the stock. Vetr lowered shares of JetBlue Airways Corp. from a “strong-buy” rating to a “buy” rating and set a $20.58 price target for the company. in a research report on Thursday, July 14th. Cowen and Company restated a “buy” rating and set a $23.00 price target on shares of JetBlue Airways Corp. in a research report on Monday, June 13th. Credit Suisse Group AG restated a “hold” rating on shares of JetBlue Airways Corp. in a research report on Wednesday, May 25th. Morgan Stanley restated a “hold” rating and set a $19.00 price target on shares of JetBlue Airways Corp. in a research report on Sunday, August 21st. Finally, JPMorgan Chase & Co. lowered their price target on shares of JetBlue Airways Corp. from $24.50 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. JetBlue Airways Corp. has a consensus rating of “Buy” and an average target price of $23.96.

JetBlue Airways Corp. (NASDAQ:JBLU) opened at 17.15 on Monday. The firm’s 50-day moving average is $16.82 and its 200-day moving average is $18.39. JetBlue Airways Corp. has a 12 month low of $14.76 and a 12 month high of $27.36. The firm has a market cap of $5.55 billion, a PE ratio of 7.62 and a beta of 0.44.

Several hedge funds have recently bought and sold shares of the company. Bank of Montreal Can bought a new stake in JetBlue Airways Corp. during the second quarter worth about $51,541,000. Vanguard Group Inc. raised its stake in JetBlue Airways Corp. by 6.2% in the second quarter. Vanguard Group Inc. now owns 26,892,818 shares of the company’s stock worth $445,345,000 after buying an additional 1,560,560 shares during the period. Norges Bank bought a new stake in JetBlue Airways Corp. during the fourth quarter worth about $33,966,000. Renaissance Technologies LLC raised its stake in JetBlue Airways Corp. by 21.9% in the first quarter. Renaissance Technologies LLC now owns 5,542,500 shares of the company’s stock worth $117,058,000 after buying an additional 994,100 shares during the period. Finally, NWI Management LP raised its stake in JetBlue Airways Corp. by 86.1% in the second quarter. NWI Management LP now owns 2,010,000 shares of the company’s stock worth $33,286,000 after buying an additional 930,000 shares during the period. 80.21% of the stock is owned by institutional investors and hedge funds.

In other news, EVP James G. Hnat sold 10,000 shares of the stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $17.27, for a total value of $172,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joel Clinton Peterson sold 5,120 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $18.27, for a total transaction of $93,542.40. Following the completion of the sale, the director now directly owns 604,893 shares of the company’s stock, valued at $11,051,395.11. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

About JetBlue Airways Corp.

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint.

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