Brokerages Expect JetBlue Airways Corporation (JBLU) to Post $0.30 EPS
Equities analysts predict that JetBlue Airways Corporation (NASDAQ:JBLU) will announce earnings of $0.30 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for JetBlue Airways Corporation’s earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.28. JetBlue Airways Corporation posted earnings per share of $0.50 in the same quarter last year, which indicates a negative year over year growth rate of 40%. The company is scheduled to announce its next quarterly earnings results on Thursday, January 25th.
On average, analysts expect that JetBlue Airways Corporation will report full-year earnings of $1.75 per share for the current fiscal year, with EPS estimates ranging from $1.71 to $1.86. For the next fiscal year, analysts forecast that the company will post earnings of $1.88 per share, with EPS estimates ranging from $1.70 to $2.05. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover JetBlue Airways Corporation.
JetBlue Airways Corporation (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. JetBlue Airways Corporation had a return on equity of 15.95% and a net margin of 9.38%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period last year, the business earned $0.58 earnings per share. JetBlue Airways Corporation’s quarterly revenue was up 4.7% on a year-over-year basis.
Several analysts have commented on the company. Morgan Stanley dropped their price objective on JetBlue Airways Corporation from $24.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, August 17th. Standpoint Research reissued a “buy” rating on shares of JetBlue Airways Corporation in a report on Sunday, September 3rd. Imperial Capital reissued a “buy” rating and issued a $31.00 price objective on shares of JetBlue Airways Corporation in a report on Tuesday, October 17th. BidaskClub lowered JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, Cowen and Company lifted their price target on JetBlue Airways Corporation from $21.00 to $22.00 and gave the stock a “market perform” rating in a research note on Thursday, October 12th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $25.25.
In related news, EVP George Martin J. St sold 2,500 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $18.79, for a total transaction of $46,975.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $19.87, for a total value of $101,734.40. Following the transaction, the director now directly owns 549,942 shares of the company’s stock, valued at $10,927,347.54. The disclosure for this sale can be found here. Insiders sold a total of 24,860 shares of company stock worth $474,419 in the last quarter. Company insiders own 0.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. World Asset Management Inc boosted its position in shares of JetBlue Airways Corporation by 0.7% during the 2nd quarter. World Asset Management Inc now owns 22,526 shares of the transportation company’s stock worth $514,000 after acquiring an additional 155 shares in the last quarter. M&T Bank Corp boosted its position in shares of JetBlue Airways Corporation by 0.9% in the 2nd quarter. M&T Bank Corp now owns 19,383 shares of the transportation company’s stock valued at $442,000 after purchasing an additional 181 shares during the period. Public Employees Retirement Association of Colorado boosted its position in shares of JetBlue Airways Corporation by 2.8% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 10,497 shares of the transportation company’s stock valued at $240,000 after purchasing an additional 283 shares during the period. Cubist Systematic Strategies LLC boosted its position in shares of JetBlue Airways Corporation by 2.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,310 shares of the transportation company’s stock valued at $258,000 after purchasing an additional 310 shares during the period. Finally, Capstone Asset Management Co. boosted its position in shares of JetBlue Airways Corporation by 1.1% in the 2nd quarter. Capstone Asset Management Co. now owns 33,135 shares of the transportation company’s stock valued at $756,000 after purchasing an additional 360 shares during the period. 89.73% of the stock is owned by institutional investors and hedge funds.
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Shares of JetBlue Airways Corporation (NASDAQ:JBLU) traded down $0.08 on Friday, reaching $19.90. The company’s stock had a trading volume of 2,532,964 shares, compared to its average volume of 5,878,001. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.56 and a current ratio of 0.56. JetBlue Airways Corporation has a one year low of $18.05 and a one year high of $24.13. The firm has a market capitalization of $6,380.00, a price-to-earnings ratio of 10.20 and a beta of 0.65.
JetBlue Airways Corporation 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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