Equities research analysts expect JetBlue Airways Co. (NASDAQ:JBLU) to announce earnings per share of $0.23 for the current quarter, according to Zacks. Five analysts have made estimates for JetBlue Airways’ earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.22. JetBlue Airways reported earnings per share of $0.27 during the same quarter last year, which would suggest a negative year over year growth rate of 14.8%. The firm is expected to announce its next quarterly earnings report on Tuesday, April 23rd.

On average, analysts expect that JetBlue Airways will report full-year earnings of $2.09 per share for the current year, with EPS estimates ranging from $1.75 to $2.35. For the next year, analysts expect that the firm will post earnings of $2.36 per share, with EPS estimates ranging from $2.19 to $2.70. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for JetBlue Airways.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Thursday, January 24th. The transportation company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.07. JetBlue Airways had a net margin of 2.44% and a return on equity of 10.97%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the firm earned $2.08 EPS. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year.

JBLU has been the topic of a number of research analyst reports. Vertical Research initiated coverage on shares of JetBlue Airways in a report on Monday. They set a “hold” rating and a $19.00 price objective on the stock. Credit Suisse Group began coverage on shares of JetBlue Airways in a research report on Monday, November 19th. They set an “underperform” rating and a $16.00 target price on the stock. Zacks Investment Research upgraded shares of JetBlue Airways from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Wednesday, January 2nd. BidaskClub downgraded shares of JetBlue Airways from a “buy” rating to a “hold” rating in a research report on Thursday, December 13th. Finally, TheStreet downgraded shares of JetBlue Airways from a “b-” rating to a “c+” rating in a research report on Monday, October 15th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $20.22.

In other JetBlue Airways news, CEO Robin Hayes sold 2,500 shares of the firm’s stock in a transaction on Thursday, January 10th. The stock was sold at an average price of $16.16, for a total transaction of $40,400.00. Following the completion of the sale, the chief executive officer now owns 431,656 shares of the company’s stock, valued at approximately $6,975,560.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.63% of the company’s stock.

A number of institutional investors have recently made changes to their positions in JBLU. Flagship Harbor Advisors LLC grew its position in JetBlue Airways by 13.1% in the fourth quarter. Flagship Harbor Advisors LLC now owns 7,145 shares of the transportation company’s stock valued at $114,000 after acquiring an additional 830 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. lifted its stake in JetBlue Airways by 1.7% in the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 59,200 shares of the transportation company’s stock valued at $951,000 after buying an additional 1,000 shares during the period. KBC Group NV lifted its stake in JetBlue Airways by 88.2% in the fourth quarter. KBC Group NV now owns 2,213 shares of the transportation company’s stock valued at $36,000 after buying an additional 1,037 shares during the period. Gateway Investment Advisers LLC lifted its stake in JetBlue Airways by 0.6% in the fourth quarter. Gateway Investment Advisers LLC now owns 277,577 shares of the transportation company’s stock valued at $4,458,000 after buying an additional 1,574 shares during the period. Finally, Federated Investors Inc. PA lifted its stake in JetBlue Airways by 0.4% in the third quarter. Federated Investors Inc. PA now owns 483,897 shares of the transportation company’s stock valued at $9,368,000 after buying an additional 1,871 shares during the period. 88.77% of the stock is owned by institutional investors and hedge funds.

Shares of JBLU traded up $0.04 during trading hours on Tuesday, hitting $18.04. The stock had a trading volume of 128,541 shares, compared to its average volume of 4,611,216. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.57 and a current ratio of 0.60. JetBlue Airways has a 52 week low of $15.19 and a 52 week high of $22.80. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 0.88 and a beta of 0.92.

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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