Wall Street analysts expect JetBlue Airways Corporation (NASDAQ:JBLU) to announce $1.88 billion in sales for the current quarter, according to Zacks. Five analysts have issued estimates for JetBlue Airways Corporation’s earnings, with estimates ranging from $1.87 billion to $1.89 billion. JetBlue Airways Corporation reported sales of $1.73 billion during the same quarter last year, which would suggest a positive year over year growth rate of 8.7%. The firm is expected to report its next quarterly earnings report on Tuesday, October 24th.

According to Zacks, analysts expect that JetBlue Airways Corporation will report full year sales of $1.88 billion for the current financial year, with estimates ranging from $7.07 billion to $7.14 billion. For the next financial year, analysts anticipate that the firm will post sales of $7.72 billion per share, with estimates ranging from $7.53 billion to $7.88 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for JetBlue Airways Corporation.

JetBlue Airways Corporation (NASDAQ:JBLU) last posted its earnings results on Tuesday, July 25th. The transportation company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.75%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 earnings per share.

Several brokerages have recently commented on JBLU. Stifel Nicolaus reissued a “hold” rating and set a $23.00 price objective on shares of JetBlue Airways Corporation in a report on Friday, May 26th. Vetr lowered JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating and set a $24.64 price objective for the company. in a report on Tuesday, April 25th. BidaskClub lowered JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research raised JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Wednesday, July 12th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of JetBlue Airways Corporation in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. JetBlue Airways Corporation has a consensus rating of “Hold” and a consensus price target of $25.69.

In other JetBlue Airways Corporation news, EVP James G. Hnat sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $21.67, for a total value of $325,050.00. Following the completion of the sale, the executive vice president now owns 48,992 shares in the company, valued at $1,061,656.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP George Martin J. St sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $23.00, for a total value of $57,500.00. Following the completion of the sale, the executive vice president now owns 28,457 shares of the company’s stock, valued at approximately $654,511. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,740 shares of company stock valued at $972,026. 0.60% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in JBLU. UBS Asset Management Americas Inc. increased its stake in shares of JetBlue Airways Corporation by 6.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 57,725 shares of the transportation company’s stock valued at $1,294,000 after buying an additional 3,506 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of JetBlue Airways Corporation by 4.3% in the fourth quarter. Teachers Advisors LLC now owns 747,513 shares of the transportation company’s stock valued at $16,759,000 after buying an additional 30,923 shares during the last quarter. Curbstone Financial Management Corp increased its stake in shares of JetBlue Airways Corporation by 1.0% in the first quarter. Curbstone Financial Management Corp now owns 22,775 shares of the transportation company’s stock valued at $469,000 after buying an additional 225 shares during the last quarter. Denali Advisors LLC increased its stake in shares of JetBlue Airways Corporation by 2,194.5% in the first quarter. Denali Advisors LLC now owns 376,300 shares of the transportation company’s stock valued at $7,756,000 after buying an additional 359,900 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its stake in shares of JetBlue Airways Corporation by 370.2% in the first quarter. Koshinski Asset Management Inc. now owns 72,782 shares of the transportation company’s stock valued at $1,500,000 after buying an additional 57,302 shares during the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

JetBlue Airways Corporation (NASDAQ JBLU) traded up 1.36% on Friday, hitting $22.43. 2,900,529 shares of the stock were exchanged. The company has a 50-day moving average price of $22.85 and a 200-day moving average price of $21.39. The firm has a market cap of $7.38 billion, a PE ratio of 11.39 and a beta of 0.53. JetBlue Airways Corporation has a 52-week low of $15.70 and a 52-week high of $24.13.

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About JetBlue Airways Corporation

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

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