Analysts forecast that JetBlue Airways Co. (NASDAQ:JBLU) will report $0.61 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have issued estimates for JetBlue Airways’ earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.69. JetBlue Airways posted earnings of $0.50 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 22%. The business is scheduled to issue its next quarterly earnings report on Thursday, January 23rd.
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On average, analysts expect that JetBlue Airways will report full year earnings of $1.92 per share for the current year, with EPS estimates ranging from $1.75 to $2.05. For the next fiscal year, analysts forecast that the firm will post earnings of $2.37 per share, with EPS estimates ranging from $2.18 to $2.67. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover JetBlue Airways.
JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.08. JetBlue Airways had a return on equity of 12.03% and a net margin of 7.19%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis.
JBLU has been the subject of a number of research reports. Zacks Investment Research upgraded JetBlue Airways from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Monday, September 2nd. ValuEngine raised JetBlue Airways from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 31st. Credit Suisse Group increased their target price on JetBlue Airways from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. BidaskClub raised JetBlue Airways from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised JetBlue Airways from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $23.00 to $24.00 in a research report on Monday, October 28th. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. JetBlue Airways presently has a consensus rating of “Hold” and an average price target of $21.28.
In related news, General Counsel Brandon Nelson sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $19.47, for a total transaction of $38,940.00. Following the completion of the transaction, the general counsel now owns 229 shares of the company’s stock, valued at approximately $4,458.63. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP George Martin J. St sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $18.25, for a total value of $27,375.00. Following the transaction, the executive vice president now directly owns 44,228 shares of the company’s stock, valued at approximately $807,161. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,810 shares of company stock valued at $252,487. 0.79% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Catalyst Capital Advisors LLC purchased a new stake in JetBlue Airways during the 3rd quarter valued at $754,000. Wellington Shields & Co. LLC purchased a new stake in JetBlue Airways during the 3rd quarter valued at $494,000. Grimes & Company Inc. boosted its stake in JetBlue Airways by 3.5% during the 3rd quarter. Grimes & Company Inc. now owns 331,951 shares of the transportation company’s stock valued at $5,560,000 after purchasing an additional 11,166 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in JetBlue Airways by 124.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 9,752 shares of the transportation company’s stock valued at $163,000 after purchasing an additional 5,412 shares during the last quarter. Finally, Creative Planning boosted its stake in JetBlue Airways by 5.5% during the 3rd quarter. Creative Planning now owns 16,335 shares of the transportation company’s stock valued at $274,000 after purchasing an additional 855 shares during the last quarter. Institutional investors and hedge funds own 93.07% of the company’s stock.
JBLU stock opened at $19.57 on Wednesday. The stock’s fifty day simple moving average is $17.67 and its two-hundred day simple moving average is $18.12. JetBlue Airways has a 1-year low of $15.19 and a 1-year high of $19.93. The company has a current ratio of 0.53, a quick ratio of 0.50 and a debt-to-equity ratio of 0.43. The stock has a market cap of $5.66 billion, a P/E ratio of 12.63, a P/E/G ratio of 0.61 and a beta of 0.85.
About JetBlue Airways
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
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