JetBlue Airways Co. (NASDAQ:JBLU) – Analysts at Imperial Capital raised their FY2018 earnings per share (EPS) estimates for shares of JetBlue Airways in a note issued to investors on Tuesday, December 4th. Imperial Capital analyst M. Derchin now expects that the transportation company will post earnings of $1.48 per share for the year, up from their prior estimate of $1.43. Imperial Capital has a “Outperform” rating and a $27.00 price objective on the stock. Imperial Capital also issued estimates for JetBlue Airways’ Q4 2018 earnings at $0.40 EPS, Q1 2019 earnings at $0.21 EPS, Q3 2019 earnings at $0.61 EPS, Q4 2019 earnings at $0.49 EPS and FY2019 earnings at $1.85 EPS.

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

Several other research analysts have also recently weighed in on JBLU. BidaskClub upgraded JetBlue Airways from a “hold” rating to a “buy” rating in a research report on Wednesday, August 22nd. Wolfe Research reiterated an “underperform” rating on shares of JetBlue Airways in a research report on Friday, August 24th. Zacks Investment Research upgraded JetBlue Airways from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. Citigroup lifted their target price on JetBlue Airways from $21.50 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, October 3rd. Finally, Bank of America set a $16.00 price objective on JetBlue Airways and gave the company a “sell” rating in a report on Wednesday, October 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. JetBlue Airways presently has an average rating of “Hold” and an average target price of $20.79.

Shares of NASDAQ:JBLU opened at $18.74 on Thursday. JetBlue Airways has a 52-week low of $15.76 and a 52-week high of $23.08. The stock has a market capitalization of $5.71 billion, a PE ratio of 10.96, a PEG ratio of 1.68 and a beta of 0.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.57.

In other news, EVP James G. Hnat sold 6,000 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were 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 approximately $66,334.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.63% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in JetBlue Airways by 0.3% in the third quarter. Vanguard Group Inc. now owns 27,243,830 shares of the transportation company’s stock valued at $527,441,000 after acquiring an additional 77,999 shares during the period. BlackRock Inc. grew its position in JetBlue Airways by 0.3% in the second quarter. BlackRock Inc. now owns 26,288,138 shares of the transportation company’s stock valued at $498,949,000 after purchasing an additional 81,918 shares in the last quarter. Primecap Management Co. CA grew its position in JetBlue Airways by 0.5% in the third quarter. Primecap Management Co. CA now owns 22,965,825 shares of the transportation company’s stock valued at $444,618,000 after purchasing an additional 118,900 shares in the last quarter. Dimensional Fund Advisors LP grew its position in JetBlue Airways by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 11,520,278 shares of the transportation company’s stock valued at $218,651,000 after purchasing an additional 60,141 shares in the last quarter. Finally, Donald Smith & CO. Inc. grew its position in shares of JetBlue Airways by 21.7% in the 3rd quarter. Donald Smith & CO. Inc. now owns 8,450,339 shares of the transportation company’s stock valued at $163,599,000 after acquiring an additional 1,508,887 shares during the period. 88.91% of the stock is owned by institutional investors and hedge funds.

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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