Analysts expect JetBlue Airways Co. (NASDAQ:JBLU) to announce earnings of $0.12 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for JetBlue Airways’ earnings, with estimates ranging from $0.10 to $0.13. JetBlue Airways reported earnings per share of $0.27 in the same quarter last year, which suggests a negative year-over-year growth rate of 55.6%. The firm is scheduled to report its next quarterly earnings results before the market opens on Tuesday, April 23rd.

On average, analysts expect that JetBlue Airways will report full year earnings of $1.87 per share for the current fiscal year, with EPS estimates ranging from $1.60 to $2.20. For the next financial year, analysts expect that the firm will report earnings of $2.27 per share, with EPS estimates ranging from $1.63 to $2.65. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for JetBlue Airways.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Thursday, January 24th. The transportation company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.07. JetBlue Airways had a net margin of 2.44% and a return on equity of 10.92%. The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the previous year, the company posted $2.08 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year.

Several equities analysts have weighed in on the stock. Credit Suisse Group reiterated a “hold” rating and set a $17.00 price objective on shares of JetBlue Airways in a research report on Thursday, February 7th. Zacks Investment Research cut shares of JetBlue Airways from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Bank of America restated an “underperform” rating and set a $16.00 price target (down from $19.00) on shares of JetBlue Airways in a report on Thursday, April 4th. Imperial Capital restated an “outperform” rating and set a $23.00 price target (down from $25.00) on shares of JetBlue Airways in a report on Friday, March 8th. Finally, Cowen restated a “market perform” rating and set a $19.00 price target on shares of JetBlue Airways in a report on Thursday, April 11th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $19.45.

NASDAQ JBLU traded down $0.02 on Monday, hitting $16.96. 3,170,457 shares of the stock were exchanged, compared to its average volume of 4,749,632. JetBlue Airways has a 52-week low of $15.19 and a 52-week high of $20.14. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.58 and a current ratio of 0.61. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 5.78 and a beta of 0.89.

In other news, CEO Robin Hayes sold 2,500 shares of the business’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $16.81, for a total transaction of $42,025.00. Following the transaction, the chief executive officer now directly owns 453,076 shares in the company, valued at approximately $7,616,207.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have sold 7,500 shares of company stock worth $127,275. 0.63% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Curbstone Financial Management Corp boosted its holdings in JetBlue Airways by 1.5% in the first quarter. Curbstone Financial Management Corp now owns 52,450 shares of the transportation company’s stock worth $858,000 after purchasing an additional 800 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in JetBlue Airways by 13.1% in the fourth quarter. Flagship Harbor Advisors LLC now owns 7,145 shares of the transportation company’s stock worth $114,000 after purchasing an additional 830 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in JetBlue Airways by 0.8% in the fourth quarter. Macquarie Group Ltd. now owns 110,200 shares of the transportation company’s stock worth $1,769,000 after purchasing an additional 900 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. boosted its holdings in JetBlue Airways by 1.7% in the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 59,200 shares of the transportation company’s stock worth $951,000 after purchasing an additional 1,000 shares in the last quarter. Finally, KBC Group NV boosted its holdings in JetBlue Airways by 88.2% in the fourth quarter. KBC Group NV now owns 2,213 shares of the transportation company’s stock worth $36,000 after purchasing an additional 1,037 shares in the last quarter. Hedge funds and other institutional investors own 91.49% of the company’s stock.

JetBlue Airways Company Profile

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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