Equities analysts expect that JetBlue Airways Co. (NASDAQ:JBLU) will report earnings of $0.43 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for JetBlue Airways’ earnings, with estimates ranging from $0.42 to $0.45. JetBlue Airways reported earnings per share of $0.55 during the same quarter last year, which indicates a negative year-over-year growth rate of 21.8%. The business is scheduled to announce its next earnings results on Tuesday, October 23rd.

According to Zacks, analysts expect that JetBlue Airways will report full year earnings of $1.47 per share for the current year, with EPS estimates ranging from $1.42 to $1.57. For the next fiscal year, analysts forecast that the company will report earnings of $1.76 per share, with EPS estimates ranging from $1.57 to $1.95. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for JetBlue Airways.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, July 24th. The transportation company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. JetBlue Airways had a return on equity of 10.80% and a net margin of 11.30%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the prior year, the company earned $0.64 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year.

Several equities research analysts have issued reports on JBLU shares. BidaskClub upgraded JetBlue Airways from a “hold” rating to a “buy” rating in a report on Wednesday, August 22nd. Morgan Stanley lowered their price target on JetBlue Airways from $22.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday, July 12th. ValuEngine upgraded JetBlue Airways from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Zacks Investment Research upgraded JetBlue Airways from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 11th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $19.00 price target on shares of JetBlue Airways in a report on Wednesday, August 1st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $22.29.

Shares of JetBlue Airways stock traded down $0.07 during trading hours on Friday, hitting $18.97. The company’s stock had a trading volume of 2,641,932 shares, compared to its average volume of 4,890,871. JetBlue Airways has a 12 month low of $17.10 and a 12 month high of $23.08. The company has a market capitalization of $5.88 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 1.25 and a beta of 0.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.56.

In other news, EVP George Martin J. St sold 3,000 shares of the company’s stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $19.39, for a total transaction of $58,170.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robin Hayes sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $17.97, for a total value of $35,940.00. Following the transaction, the chief executive officer now directly owns 438,803 shares of the company’s stock, valued at $7,885,289.91. The disclosure for this sale can be found here. Insiders have sold 9,000 shares of company stock valued at $170,050 over the last ninety days. 0.63% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wilsey Asset Management Inc. boosted its position in JetBlue Airways by 3.4% during the second quarter. Wilsey Asset Management Inc. now owns 400,748 shares of the transportation company’s stock valued at $7,585,000 after purchasing an additional 13,200 shares during the last quarter. California Public Employees Retirement System raised its stake in JetBlue Airways by 8.2% in the second quarter. California Public Employees Retirement System now owns 996,276 shares of the transportation company’s stock valued at $18,909,000 after buying an additional 75,651 shares during the period. Sentinel Trust Co. LBA raised its stake in JetBlue Airways by 25.7% in the second quarter. Sentinel Trust Co. LBA now owns 205,595 shares of the transportation company’s stock valued at $3,902,000 after buying an additional 41,980 shares during the period. HPM Partners LLC raised its stake in JetBlue Airways by 13.5% in the second quarter. HPM Partners LLC now owns 23,573 shares of the transportation company’s stock valued at $447,000 after buying an additional 2,796 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in JetBlue Airways in the second quarter valued at approximately $281,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

JetBlue Airways Company Profile

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2017, the company operated a fleet of 53 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 101 destinations in 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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

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