JetBlue Airways Corporation (JBLU) to Release Quarterly Earnings on Tuesday
JetBlue Airways Corporation (NASDAQ:JBLU) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, October 24th. Analysts expect the company to announce earnings of $0.62 per share for the quarter.
JetBlue Airways Corporation (NASDAQ:JBLU) last released its earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.08. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates 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 was up 12.1% on a year-over-year basis. During the same quarter last year, the business earned $0.53 EPS. On average, analysts expect JetBlue Airways Corporation to post $1.78 EPS for the current fiscal year and $1.92 EPS for the next fiscal year.
Shares of JetBlue Airways Corporation (JBLU) opened at 20.35 on Monday. JetBlue Airways Corporation has a 12-month low of $16.85 and a 12-month high of $24.13. The stock has a 50 day moving average of $19.40 and a 200 day moving average of $21.31. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 10.33 and a beta of 0.59.
JBLU has been the subject of a number of analyst reports. Standpoint Research reissued a “buy” rating on shares of JetBlue Airways Corporation in a report on Sunday, September 3rd. Bank of America Corporation upped their price objective on shares of JetBlue Airways Corporation from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, June 30th. BidaskClub lowered shares of JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Cowen and Company upped their price objective on shares of JetBlue Airways Corporation from $24.00 to $25.00 and gave the company a “market perform” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research lowered shares of JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $25.25.
In other JetBlue Airways Corporation news, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $22.00, for a total value of $112,640.00. Following the transaction, the director now owns 555,062 shares of the company’s stock, valued at $12,211,364. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $22.03, for a total transaction of $44,060.00. Following the completion of the transaction, the chief executive officer now directly owns 406,362 shares in the company, valued at approximately $8,952,154.86. The disclosure for this sale can be found here. Insiders sold 31,860 shares of company stock worth $646,973 in the last ninety days. 0.60% of the stock is currently owned by corporate insiders.
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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