Q3 2017 EPS Estimates for JetBlue Airways Corporation (JBLU) Lowered by Analyst
JetBlue Airways Corporation (NASDAQ:JBLU) – Stock analysts at Imperial Capital lowered their Q3 2017 earnings per share estimates for JetBlue Airways Corporation in a research note issued to investors on Tuesday. Imperial Capital analyst M. Derchin now expects that the transportation company will earn $0.52 per share for the quarter, down from their prior forecast of $0.60. Imperial Capital currently has a “Buy” rating and a $31.00 target price on the stock. Imperial Capital also issued estimates for JetBlue Airways Corporation’s Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.64 EPS and Q4 2018 earnings at $0.50 EPS.
Several other brokerages also recently issued reports on JBLU. Buckingham Research downgraded JetBlue Airways Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the company from $28.00 to $24.00 in a research note on Wednesday, July 26th. Bank of America Corporation lifted their target price on JetBlue Airways Corporation from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, June 30th. Cowen and Company reissued a “hold” rating on shares of JetBlue Airways Corporation in a research note on Friday, September 1st. Zacks Investment Research downgraded JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Finally, Macquarie started coverage on JetBlue Airways Corporation in a research note on Monday, September 25th. They set a “neutral” rating and a $21.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. JetBlue Airways Corporation presently has an average rating of “Hold” and a consensus price target of $25.25.
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JetBlue Airways Corporation (NASDAQ:JBLU) opened at 20.34 on Wednesday. The company has a market capitalization of $6.69 billion, a PE ratio of 10.32 and a beta of 0.59. JetBlue Airways Corporation has a 52-week low of $16.85 and a 52-week high of $24.13. The company has a 50 day moving average of $19.38 and a 200 day moving average of $21.31.
JetBlue Airways Corporation (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.08. The company had revenue of $1.84 billion for 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%. JetBlue Airways Corporation’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 earnings per share.
In other JetBlue Airways Corporation news, CEO Robin Hayes sold 2,000 shares of JetBlue Airways Corporation stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $18.56, for a total value of $37,120.00. Following the sale, the chief executive officer now owns 402,362 shares of the company’s stock, valued at approximately $7,467,838.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP James G. Hnat sold 6,000 shares of JetBlue Airways Corporation stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $21.98, for a total value of $131,880.00. Following the completion of the transaction, the executive vice president now owns 25,992 shares of the company’s stock, valued at approximately $571,304.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,860 shares of company stock worth $646,973. Corporate insiders own 0.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. CENTRAL TRUST Co purchased a new position in shares of JetBlue Airways Corporation in the 2nd quarter worth approximately $162,000. IFP Advisors Inc boosted its holdings in shares of JetBlue Airways Corporation by 38.1% in the 2nd quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock worth $175,000 after purchasing an additional 2,117 shares during the period. Capital Management Associates NY purchased a new position in shares of JetBlue Airways Corporation in the 2nd quarter worth approximately $203,000. Investment Centers of America Inc. purchased a new position in shares of JetBlue Airways Corporation in the 2nd quarter worth approximately $205,000. Finally, Keybank National Association OH purchased a new position in shares of JetBlue Airways Corporation in the 2nd quarter worth approximately $210,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.
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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