Analysts Expect JetBlue Airways Corporation (JBLU) Will Announce Earnings of $0.29 Per Share
Equities research analysts expect that JetBlue Airways Corporation (NASDAQ:JBLU) will report earnings per share of $0.29 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for JetBlue Airways Corporation’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.28. JetBlue Airways Corporation reported earnings of $0.50 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 42%. The business is scheduled to report its next quarterly earnings report on Thursday, January 25th.
According to Zacks, analysts expect that JetBlue Airways Corporation will report full year earnings of $1.72 per share for the current year, with EPS estimates ranging from $1.68 to $1.75. For the next financial year, analysts forecast that the company will report earnings of $1.92 per share, with EPS estimates ranging from $1.66 to $2.20. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for JetBlue Airways Corporation.
JetBlue Airways Corporation (NASDAQ:JBLU) last issued its earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. JetBlue Airways Corporation had a net margin of 9.38% and a return on equity of 16.06%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the business earned $0.58 earnings per share. JetBlue Airways Corporation’s revenue for the quarter was up 4.7% on a year-over-year basis.
A number of equities research analysts recently issued reports on JBLU shares. Morgan Stanley lifted their price target on shares of JetBlue Airways Corporation from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, July 17th. Standpoint Research initiated coverage on shares of JetBlue Airways Corporation in a research note on Friday, September 1st. They set an “accumulate” rating and a $26.00 target price on the stock. ValuEngine cut shares of JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research cut shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $21.00 target price on shares of JetBlue Airways Corporation in a research note on Friday, September 8th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $25.02.
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In other news, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $19.89, for a total transaction of $39,780.00. Following the transaction, the chief executive officer now owns 404,362 shares of the company’s stock, valued at approximately $8,042,760.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $19.87, for a total transaction of $101,734.40. Following the transaction, the director now directly owns 549,942 shares in the company, valued at approximately $10,927,347.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,740 shares of company stock worth $358,393. Corporate insiders own 0.60% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. CENTRAL TRUST Co acquired a new position in shares of JetBlue Airways Corporation during the 2nd quarter valued at about $162,000. IFP Advisors Inc boosted its position in shares of JetBlue Airways Corporation by 38.1% during the 2nd quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock valued at $175,000 after acquiring an additional 2,117 shares during the last quarter. Capital Management Associates NY purchased a new stake in JetBlue Airways Corporation in the 2nd quarter valued at about $203,000. Investment Centers of America Inc. purchased a new stake in JetBlue Airways Corporation in the 2nd quarter valued at about $205,000. Finally, Keybank National Association OH purchased a new stake in JetBlue Airways Corporation in the 2nd quarter valued at about $210,000. 83.86% of the stock is currently owned by hedge funds and other institutional investors.
JetBlue Airways Corporation 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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