JetBlue (JBLU) Scheduled to Post Earnings on Tuesday

JetBlue (NASDAQ:JBLU) is scheduled to release its earnings data before the market opens on Tuesday, April 24th. Analysts expect JetBlue to post earnings of $0.20 per share for the quarter.

JetBlue (NASDAQ:JBLU) last released its earnings results on Thursday, January 25th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). JetBlue had a net margin of 16.35% and a return on equity of 13.57%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the firm earned $0.50 EPS. The business’s revenue was up 7.0% on a year-over-year basis. On average, analysts expect JetBlue to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

JetBlue stock opened at $19.86 on Monday. JetBlue has a 12-month low of $18.05 and a 12-month high of $24.13. The company has a current ratio of 0.50, a quick ratio of 0.48 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $6,306.92, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 0.56 and a beta of 0.55.

A number of research firms have issued reports on JBLU. Stephens reiterated a “hold” rating and issued a $24.00 target price on shares of JetBlue in a research report on Thursday, March 29th. Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 target price (up previously from $20.00) on shares of JetBlue in a research report on Wednesday, January 10th. Cowen reiterated a “market perform” rating and issued a $23.00 target price (down previously from $24.00) on shares of JetBlue in a research report on Friday, January 26th. BidaskClub upgraded JetBlue from a “sell” rating to a “hold” rating in a research report on Friday, March 16th. Finally, Morgan Stanley decreased their target price on JetBlue from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 12th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. JetBlue presently has an average rating of “Hold” and a consensus target price of $24.56.

In related news, CEO Robin Hayes sold 2,000 shares of JetBlue stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $20.87, for a total value of $41,740.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Alexander Chatkewitz sold 3,000 shares of JetBlue stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $22.58, for a total value of $67,740.00. Following the completion of the transaction, the vice president now directly owns 3,096 shares in the company, valued at $69,907.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,000 shares of company stock worth $355,220. Company insiders own 0.63% of the company’s stock.

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About JetBlue

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.

Earnings History for JetBlue (NASDAQ:JBLU)

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