$0.24 EPS Expected for JetBlue Airways Co. (JBLU) This Quarter

Brokerages predict that JetBlue Airways Co. (NASDAQ:JBLU) will announce $0.24 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for JetBlue Airways’ earnings. The lowest EPS estimate is $0.20 and the highest is $0.30. JetBlue Airways reported earnings per share of $0.59 in the same quarter last year, which would indicate a negative year over year growth rate of 59.3%. The company is scheduled to announce its next earnings report before the market opens on Tuesday, April 25th.

On average, analysts expect that JetBlue Airways will report full year earnings of $1.75 per share for the current year, with EPS estimates ranging from $1.60 to $1.90. For the next fiscal year, analysts forecast that the business will post earnings of $1.96 per share, with EPS estimates ranging from $1.61 to $2.26. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for JetBlue Airways.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Thursday, January 26th. The transportation company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. JetBlue Airways had a net margin of 11.31% and a return on equity of 20.64%. The firm earned $1.60 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the firm earned $0.56 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year.

A number of analysts have recently issued reports on the stock. Argus lowered shares of JetBlue Airways from a “buy” rating to a “hold” rating in a research report on Friday, January 27th. They noted that the move was a valuation call. Vetr upgraded JetBlue Airways from a “buy” rating to a “strong-buy” rating and set a $24.99 price objective for the company in a research report on Tuesday, January 17th. Imperial Capital decreased their price target on shares of JetBlue Airways from $31.00 to $29.00 and set an “outperform” rating for the company in a research note on Friday, January 27th. Cowen and Company lowered shares of JetBlue Airways from an “outperform” rating to a “market perform” rating and set a $23.00 price objective on the stock. in a report on Wednesday, January 4th. Finally, Zacks Investment Research lowered shares of JetBlue Airways from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $24.17.

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Shares of JetBlue Airways (NASDAQ:JBLU) traded up 0.65% during mid-day trading on Friday, reaching $21.53. 5,758,857 shares of the company’s stock traded hands. JetBlue Airways has a 12-month low of $14.76 and a 12-month high of $23.15. The stock has a market capitalization of $7.26 billion, a PE ratio of 9.68 and a beta of 0.26. The company’s 50-day moving average price is $20.36 and its 200-day moving average price is $20.16.

In other JetBlue Airways news, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $20.18, for a total value of $40,360.00. Following the completion of the transaction, the chief executive officer now owns 386,118 shares in the company, valued at $7,791,861.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP James G. Hnat sold 9,127 shares of the company’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $20.41, for a total transaction of $186,282.07. Following the completion of the transaction, the executive vice president now owns 26,932 shares of the company’s stock, valued at approximately $549,682.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,247 shares of company stock valued at $372,820. Insiders own 0.70% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Menora Mivtachim Holdings LTD. purchased a new stake in JetBlue Airways during the fourth quarter valued at $117,000. Exane Derivatives raised its stake in JetBlue Airways by 21.1% in the third quarter. Exane Derivatives now owns 8,023 shares of the transportation company’s stock worth $138,000 after buying an additional 1,400 shares during the period. Nisa Investment Advisors LLC raised its stake in JetBlue Airways by 128.6% in the third quarter. Nisa Investment Advisors LLC now owns 8,000 shares of the transportation company’s stock worth $138,000 after buying an additional 4,500 shares during the period. Americafirst Capital Management LLC acquired a new stake in JetBlue Airways during the first quarter worth about $141,000. Finally, James Investment Research Inc. acquired a new stake in JetBlue Airways during the first quarter worth about $150,000. Hedge funds and other institutional investors own 80.57% of the company’s stock.

JetBlue Airways 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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