JetBlue Airways (NASDAQ:JBLU) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS

JetBlue Airways (NASDAQ:JBLU) posted its quarterly earnings data on Tuesday. The transportation company reported ($0.43) EPS for the quarter, topping the consensus estimate of ($0.53) by $0.10, Briefing.com reports. JetBlue Airways had a negative net margin of 8.79% and a negative return on equity of 5.38%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the previous year, the firm posted ($0.34) earnings per share. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. JetBlue Airways updated its Q2 2024 guidance to EPS.

JetBlue Airways Trading Down 3.1 %

Shares of NASDAQ JBLU opened at $5.91 on Thursday. JetBlue Airways has a 12-month low of $3.42 and a 12-month high of $9.45. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 1.32. The company has a 50-day moving average of $6.91 and a 200 day moving average of $5.65.

Analyst Ratings Changes

A number of research firms recently issued reports on JBLU. TD Cowen decreased their target price on shares of JetBlue Airways from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Tuesday. Barclays started coverage on shares of JetBlue Airways in a research report on Wednesday, March 27th. They set an “underweight” rating and a $6.00 target price for the company. UBS Group started coverage on shares of JetBlue Airways in a report on Wednesday, March 20th. They issued a “sell” rating and a $5.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised shares of JetBlue Airways from a “hold” rating to a “buy” rating and lifted their price objective for the company from $4.00 to $9.00 in a report on Tuesday, February 20th. Finally, Susquehanna boosted their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.78.

About JetBlue Airways

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.