Analysts Anticipate JetBlue Airways Co. (NASDAQ:JBLU) to Announce $0.57 Earnings Per Share

Brokerages predict that JetBlue Airways Co. (NASDAQ:JBLU) will report earnings per share (EPS) of $0.57 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for JetBlue Airways’ earnings. The lowest EPS estimate is $0.50 and the highest is $0.62. JetBlue Airways posted earnings of $0.38 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The company is expected to issue its next quarterly earnings results before the market opens on Tuesday, July 23rd.

On average, analysts expect that JetBlue Airways will report full-year earnings of $1.96 per share for the current year, with EPS estimates ranging from $1.65 to $2.11. For the next year, analysts anticipate that the business will report earnings of $2.32 per share, with EPS estimates ranging from $2.10 to $2.60. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow JetBlue Airways.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 billion. JetBlue Airways had a return on equity of 10.16% and a net margin of 1.81%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 EPS.



Several equities research analysts recently issued reports on the company. Citigroup set a $74.00 price objective on Realty Income and gave the company a “hold” rating in a report on Tuesday, June 11th. Vertical Research upgraded JetBlue Airways from a “hold” rating to a “buy” rating and set a $17.98 price target on the stock in a report on Friday, June 7th. Cowen restated an “outperform” rating and set a $1,420.00 price target (up previously from $1,390.00) on shares of Alphabet in a report on Thursday, April 11th. Zacks Investment Research downgraded German American Bancorp. from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, ValuEngine downgraded W&T Offshore from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $20.28.

Shares of JBLU stock traded down $0.31 on Monday, hitting $18.91. The stock had a trading volume of 2,752,061 shares, compared to its average volume of 3,665,155. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.53 and a quick ratio of 0.50. The firm has a market capitalization of $5.69 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 0.43 and a beta of 0.90. JetBlue Airways has a 1 year low of $15.19 and a 1 year high of $20.14. The firm has a 50 day moving average of $18.71.

In other news, CEO Robin Hayes sold 2,500 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $18.43, for a total transaction of $46,075.00. Following the completion of the transaction, the chief executive officer now directly owns 478,743 shares of the company’s stock, valued at approximately $8,823,233.49. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP George Martin J. St sold 1,500 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $17.63, for a total value of $26,445.00. Following the transaction, the executive vice president now directly owns 45,227 shares of the company’s stock, valued at $797,352.01. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,000 shares of company stock worth $166,045. 0.79% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of JetBlue Airways by 1.3% during the 1st quarter. BlackRock Inc. now owns 26,538,600 shares of the transportation company’s stock worth $434,171,000 after acquiring an additional 340,505 shares in the last quarter. FMR LLC boosted its position in shares of JetBlue Airways by 4.4% during the 1st quarter. FMR LLC now owns 14,149,941 shares of the transportation company’s stock worth $231,493,000 after acquiring an additional 596,824 shares in the last quarter. LSV Asset Management boosted its position in shares of JetBlue Airways by 8.3% during the 1st quarter. LSV Asset Management now owns 8,323,042 shares of the transportation company’s stock worth $136,164,000 after acquiring an additional 634,765 shares in the last quarter. AJO LP boosted its position in shares of JetBlue Airways by 121.9% during the 1st quarter. AJO LP now owns 6,676,381 shares of the transportation company’s stock worth $109,226,000 after acquiring an additional 3,667,010 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its position in shares of JetBlue Airways by 251.2% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 4,041,171 shares of the transportation company’s stock worth $66,113,000 after acquiring an additional 2,890,530 shares in the last quarter. 91.48% of the stock is owned by institutional investors and hedge funds.

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

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