JetBlue Airways Co. (NASDAQ:JBLU) – Stock analysts at Imperial Capital boosted their Q1 2018 earnings per share (EPS) estimates for shares of JetBlue Airways in a research report issued on Thursday, April 12th. Imperial Capital analyst M. Derchin now forecasts that the transportation company will post earnings of $0.21 per share for the quarter, up from their previous forecast of $0.14. Imperial Capital currently has a “Outperform” rating and a $31.00 price target on the stock.

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JetBlue Airways (NASDAQ:JBLU) last announced its quarterly 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 Airways had a net margin of 16.35% and a return on equity of 13.57%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the prior year, the business posted $0.50 earnings per share. The company’s revenue was up 7.0% compared to the same quarter last year.

Several other research analysts also recently weighed in on JBLU. Cowen restated a “market perform” rating and set a $22.00 target price (down from $23.00) on shares of JetBlue Airways in a research note on Wednesday, April 11th. ValuEngine downgraded JetBlue Airways from a “buy” rating to a “hold” rating in a research note on Monday, April 9th. Morgan Stanley dropped their target price on JetBlue Airways from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 12th. Stifel Nicolaus restated a “hold” rating and set a $23.00 target price (up from $20.00) on shares of JetBlue Airways in a research note on Wednesday, January 10th. Finally, BidaskClub downgraded JetBlue Airways from a “hold” rating to a “sell” rating in a research note on Thursday, March 29th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. JetBlue Airways currently has a consensus rating of “Hold” and a consensus target price of $24.63.

Shares of JBLU stock opened at $19.77 on Monday. JetBlue Airways has a 1-year low of $18.05 and a 1-year 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 firm has a market cap of $6,195.77, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 0.55 and a beta of 0.55.

In other JetBlue Airways news, VP Alexander Chatkewitz sold 3,000 shares of JetBlue Airways stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $22.58, for a total transaction of $67,740.00. Following the completion of the sale, the vice president now owns 3,096 shares of the company’s stock, valued at approximately $69,907.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robin Hayes sold 2,000 shares of JetBlue Airways stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $21.05, for a total value of $42,100.00. Following the sale, the chief executive officer now directly owns 428,069 shares of the company’s stock, valued at approximately $9,010,852.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,000 shares of company stock valued at $296,420. 0.63% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Focused Wealth Management Inc acquired a new stake in JetBlue Airways during the 4th quarter worth about $189,000. Cetera Advisors LLC acquired a new stake in JetBlue Airways during the 3rd quarter worth about $199,000. First Dallas Securities Inc. acquired a new stake in JetBlue Airways during the 4th quarter worth about $201,000. Unison Advisors LLC acquired a new stake in JetBlue Airways during the 4th quarter worth about $290,000. Finally, BB&T Securities LLC lifted its position in JetBlue Airways by 19.1% during the 4th quarter. BB&T Securities LLC now owns 16,337 shares of the transportation company’s stock worth $364,000 after acquiring an additional 2,623 shares during the period. 92.26% of the stock is owned by institutional investors.

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About JetBlue Airways

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.

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

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