JetBlue Airways Co. to Post Q2 2018 Earnings of $0.44 Per Share, Imperial Capital Forecasts (JBLU)

JetBlue Airways Co. (NASDAQ:JBLU) – Imperial Capital cut their Q2 2018 earnings estimates for shares of JetBlue Airways in a research note issued on Thursday, April 12th. Imperial Capital analyst M. Derchin now expects that the transportation company will post earnings of $0.44 per share for the quarter, down from their previous forecast of $0.54. Imperial Capital currently has a “Outperform” rating and a $31.00 target price on the stock. Imperial Capital also issued estimates for JetBlue Airways’ Q3 2018 earnings at $0.70 EPS and Q4 2018 earnings at $0.56 EPS.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). JetBlue Airways had a return on equity of 13.57% and a net margin of 16.35%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the previous year, the business posted $0.50 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis.



JBLU has been the subject of a number of other research reports. ValuEngine upgraded JetBlue Airways from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Morgan Stanley reduced their price target on JetBlue Airways from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday. Buckingham Research restated a “neutral” rating on shares of JetBlue Airways in a research report on Friday, January 26th. Stifel Nicolaus restated a “hold” rating and set a $23.00 price objective (up from $20.00) on shares of JetBlue Airways in a research report on Wednesday, January 10th. Finally, BidaskClub upgraded shares of JetBlue Airways from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.56.

JetBlue Airways stock opened at $19.55 on Friday. JetBlue Airways has a 52 week low of $18.05 and a 52 week high of $24.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.50 and a quick ratio of 0.48. The stock has a market cap of $6,138.60, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 0.55 and a beta of 0.55.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JBLU. New York State Common Retirement Fund raised its position in shares of JetBlue Airways by 36.9% in the third quarter. New York State Common Retirement Fund now owns 1,009,389 shares of the transportation company’s stock valued at $18,704,000 after buying an additional 272,003 shares in the last quarter. Legal & General Group Plc raised its position in shares of JetBlue Airways by 8.8% in the third quarter. Legal & General Group Plc now owns 260,874 shares of the transportation company’s stock valued at $4,834,000 after buying an additional 21,209 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of JetBlue Airways by 5.8% in the third quarter. Wells Fargo & Company MN now owns 388,466 shares of the transportation company’s stock valued at $7,199,000 after buying an additional 21,242 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of JetBlue Airways by 7.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,164,645 shares of the transportation company’s stock valued at $21,581,000 after buying an additional 81,828 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of JetBlue Airways by 385.7% in the third quarter. Envestnet Asset Management Inc. now owns 57,841 shares of the transportation company’s stock valued at $1,072,000 after buying an additional 45,932 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

In other news, CEO Robin Hayes sold 2,000 shares of JetBlue Airways stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $20.87, for a total value of $41,740.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP George Martin J. St sold 3,000 shares of JetBlue Airways stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $23.00, for a total transaction of $69,000.00. The disclosure for this sale can be found here. Insiders have sold 17,000 shares of company stock valued at $365,420 over the last 90 days. Company insiders own 0.60% of the company’s stock.

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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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