Wall Street analysts expect JetBlue Airways Co. (NASDAQ:JBLU) to post earnings per share (EPS) of $0.43 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for JetBlue Airways’ earnings. The lowest EPS estimate is $0.42 and the highest is $0.45. JetBlue Airways reported earnings of $0.55 per share in the same quarter last year, which would indicate a negative year over year growth rate of 21.8%. The firm is expected to report its next earnings report on Tuesday, October 23rd.

On average, analysts expect that JetBlue Airways will report full-year earnings of $1.47 per share for the current year, with EPS estimates ranging from $1.42 to $1.57. For the next financial year, analysts anticipate that the business will report earnings of $1.76 per share, with EPS estimates ranging from $1.57 to $1.95. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover JetBlue Airways.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, July 24th. The transportation company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.02. JetBlue Airways had a return on equity of 10.80% and a net margin of 11.30%. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the firm earned $0.64 EPS. JetBlue Airways’s revenue for the quarter was up 5.0% compared to the same quarter last year.

JBLU has been the topic of a number of recent research reports. BidaskClub raised JetBlue Airways from a “hold” rating to a “buy” rating in a report on Wednesday, August 22nd. Morgan Stanley decreased their target price on JetBlue Airways from $22.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, July 12th. ValuEngine raised JetBlue Airways from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Zacks Investment Research raised JetBlue Airways from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 11th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.00 target price on shares of JetBlue Airways in a report on Wednesday, August 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $22.29.

JetBlue Airways stock traded down $0.40 during trading on Monday, reaching $19.49. The company had a trading volume of 3,642,939 shares, compared to its average volume of 4,827,900. JetBlue Airways has a 52 week low of $17.10 and a 52 week high of $23.08. The stock has a market cap of $6.22 billion, a P/E ratio of 11.40, a P/E/G ratio of 1.32 and a beta of 0.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.56 and a current ratio of 0.59.

In other JetBlue Airways news, EVP George Martin J. St sold 3,000 shares of the stock in a transaction on Monday, July 16th. The stock was sold at an average price of $19.39, for a total value of $58,170.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James G. Hnat sold 6,000 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $19.30, for a total value of $115,800.00. Following the completion of the sale, the executive vice president now owns 3,437 shares of the company’s stock, valued at approximately $66,334.10. The disclosure for this sale can be found here. Insiders sold a total of 15,000 shares of company stock valued at $285,850 in the last quarter. 0.63% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the company. Private Capital Group LLC grew its position in shares of JetBlue Airways by 178.8% during the first quarter. Private Capital Group LLC now owns 5,780 shares of the transportation company’s stock valued at $117,000 after purchasing an additional 3,707 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of JetBlue Airways during the second quarter valued at about $147,000. Cerebellum GP LLC grew its position in shares of JetBlue Airways by 75.3% during the second quarter. Cerebellum GP LLC now owns 9,501 shares of the transportation company’s stock valued at $180,000 after purchasing an additional 4,081 shares in the last quarter. Lincoln National Corp purchased a new position in shares of JetBlue Airways during the second quarter valued at about $190,000. Finally, Envestnet Asset Management Inc. grew its position in JetBlue Airways by 60.7% in the first quarter. Envestnet Asset Management Inc. now owns 13,622 shares of the transportation company’s stock worth $277,000 after acquiring an additional 5,146 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

About JetBlue Airways

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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