FY2017 Earnings Estimate for JetBlue Airways Co. Issued By Imperial Capital (JBLU)

JetBlue Airways Co. (NASDAQ:JBLU) – Research analysts at Imperial Capital reduced their FY2017 earnings per share estimates for shares of JetBlue Airways in a report released on Wednesday. Imperial Capital analyst M. Derchin now anticipates that the transportation company will post earnings of $1.78 per share for the year, down from their previous forecast of $1.80. Imperial Capital currently has a “Buy” rating and a $31.00 target price on the stock. Imperial Capital also issued estimates for JetBlue Airways’ Q4 2017 earnings at $0.35 EPS, Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.63 EPS and Q4 2018 earnings at $0.53 EPS.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. JetBlue Airways had a net margin of 9.38% and a return on equity of 15.95%. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the company posted $0.58 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis.

A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of JetBlue Airways from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 15th. Stephens started coverage on shares of JetBlue Airways in a report on Wednesday, November 29th. They issued an “equal weight” rating and a $22.00 target price for the company. BidaskClub raised shares of JetBlue Airways from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. ValuEngine raised shares of JetBlue Airways from a “buy” rating to a “strong-buy” rating in a report on Monday, December 11th. Finally, Cowen reaffirmed a “market perform” rating and issued a $24.00 target price (up from $22.00) on shares of JetBlue Airways in a report on Tuesday, December 12th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. JetBlue Airways presently has a consensus rating of “Hold” and an average price target of $24.09.

JetBlue Airways (NASDAQ:JBLU) opened at $22.57 on Friday. JetBlue Airways has a 1-year low of $18.05 and a 1-year high of $24.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market cap of $7,240.00, a PE ratio of 11.52 and a beta of 0.68.

JetBlue Airways declared that its Board of Directors has authorized a share buyback program on Wednesday, December 13th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

In other news, Director Joel Clinton Peterson sold 5,120 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $18.96, for a total transaction of $97,075.20. Following the completion of the transaction, the director now directly owns 539,702 shares of the company’s stock, valued at approximately $10,232,749.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $21.38, for a total transaction of $42,760.00. Following the transaction, the chief executive officer now directly owns 398,535 shares of the company’s stock, valued at $8,520,678.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,665 shares of company stock valued at $412,388. Corporate insiders own 0.60% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC increased its stake in shares of JetBlue Airways by 2.2% during the 2nd quarter. FMR LLC now owns 19,075,077 shares of the transportation company’s stock worth $435,484,000 after purchasing an additional 404,086 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of JetBlue Airways by 2.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 11,295,104 shares of the transportation company’s stock worth $209,297,000 after purchasing an additional 259,499 shares in the last quarter. State Street Corp increased its stake in shares of JetBlue Airways by 0.5% during the 2nd quarter. State Street Corp now owns 8,325,116 shares of the transportation company’s stock worth $190,058,000 after purchasing an additional 40,286 shares in the last quarter. Donald Smith & CO. Inc. increased its stake in shares of JetBlue Airways by 5.1% during the 3rd quarter. Donald Smith & CO. Inc. now owns 6,460,428 shares of the transportation company’s stock worth $119,712,000 after purchasing an additional 314,961 shares in the last quarter. Finally, Frontier Capital Management Co. LLC increased its stake in shares of JetBlue Airways by 47.0% during the 4th quarter. Frontier Capital Management Co. LLC now owns 5,293,229 shares of the transportation company’s stock worth $118,251,000 after purchasing an additional 1,692,657 shares in the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for JetBlue Airways (NASDAQ:JBLU)

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