Equities analysts expect that JetBlue Airways Co. (NASDAQ:JBLU) will post earnings of $0.36 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for JetBlue Airways’ earnings, with estimates ranging from $0.28 to $0.44. JetBlue Airways reported earnings of $0.32 per share in the same quarter last year, which would suggest a positive year over year growth rate of 12.5%. The business is scheduled to issue its next quarterly earnings report on Thursday, January 24th.

On average, analysts expect that JetBlue Airways will report full year earnings of $1.45 per share for the current year, with EPS estimates ranging from $1.36 to $1.55. For the next fiscal year, analysts forecast that the company will report earnings of $1.65 per share, with EPS estimates ranging from $1.46 to $1.75. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow JetBlue Airways.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, October 23rd. The transportation company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.01 billion. JetBlue Airways had a return on equity of 9.66% and a net margin of 9.27%. JetBlue Airways’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 earnings per share.

A number of analysts recently issued reports on JBLU shares. BidaskClub raised JetBlue Airways from a “hold” rating to a “buy” rating in a research report on Wednesday, August 22nd. Goldman Sachs Group started coverage on JetBlue Airways in a research report on Monday, November 12th. They set a “buy” rating and a $24.00 price objective for the company. TheStreet cut JetBlue Airways from a “b-” rating to a “c+” rating in a research report on Monday, October 15th. Morgan Stanley set a $20.00 price objective on JetBlue Airways and gave the company a “hold” rating in a research report on Friday, October 5th. Finally, Macquarie set a $18.00 price objective on JetBlue Airways and gave the company a “hold” rating in a research report on Monday, October 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $20.79.

In other JetBlue Airways news, EVP James G. Hnat sold 6,000 shares of the firm’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $19.30, for a total transaction of $115,800.00. Following the transaction, the executive vice president now directly owns 3,437 shares in the company, valued at $66,334.10. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.63% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC bought a new position in JetBlue Airways during the second quarter valued at about $29,956,000. BNP Paribas Arbitrage SA raised its holdings in JetBlue Airways by 208.0% during the second quarter. BNP Paribas Arbitrage SA now owns 207,858 shares of the transportation company’s stock valued at $3,945,000 after buying an additional 140,372 shares in the last quarter. US Bancorp DE raised its holdings in JetBlue Airways by 78.0% during the second quarter. US Bancorp DE now owns 62,551 shares of the transportation company’s stock valued at $1,187,000 after buying an additional 27,408 shares in the last quarter. Aperio Group LLC raised its holdings in JetBlue Airways by 1.6% during the third quarter. Aperio Group LLC now owns 266,768 shares of the transportation company’s stock valued at $5,165,000 after buying an additional 4,208 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in JetBlue Airways by 123.6% during the second quarter. Bank of Montreal Can now owns 439,859 shares of the transportation company’s stock valued at $8,349,000 after buying an additional 243,183 shares in the last quarter. Institutional investors own 88.91% of the company’s stock.

Shares of JetBlue Airways stock traded down $0.50 during midday trading on Wednesday, hitting $18.74. The company’s stock had a trading volume of 4,713,693 shares, compared to its average volume of 4,135,833. The stock has a market cap of $5.95 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 1.72 and a beta of 0.59. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. JetBlue Airways has a 1-year low of $15.76 and a 1-year high of $23.08.

JetBlue Airways Company Profile

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2017, the company operated a fleet of 53 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 101 destinations in 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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Earnings History and Estimates for JetBlue Airways (NASDAQ:JBLU)

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