JetBlue Airways Co. (NASDAQ:JBLU) Expected to Post Q2 2024 Earnings of ($0.20) Per Share

JetBlue Airways Co. (NASDAQ:JBLU) – Analysts at Seaport Res Ptn reduced their Q2 2024 EPS estimates for shares of JetBlue Airways in a research note issued to investors on Wednesday, April 24th. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will earn ($0.20) per share for the quarter, down from their previous forecast of $0.04. The consensus estimate for JetBlue Airways’ current full-year earnings is ($0.91) per share. Seaport Res Ptn also issued estimates for JetBlue Airways’ Q3 2024 earnings at ($0.30) EPS, Q4 2024 earnings at ($0.10) EPS and FY2024 earnings at ($1.04) EPS.

A number of other equities analysts have also recently issued reports on the company. Evercore ISI increased their target price on JetBlue Airways from $5.00 to $8.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. TD Cowen reduced their price objective on shares of JetBlue Airways from $7.00 to $6.00 and set a “hold” rating for the company in a report on Tuesday, April 23rd. Susquehanna upped their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft upgraded JetBlue Airways from a “hold” rating to a “buy” rating and lifted their price target for the company from $4.00 to $9.00 in a research note on Tuesday, February 20th. Finally, JPMorgan Chase & Co. lowered their price objective on JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, JetBlue Airways currently has a consensus rating of “Hold” and a consensus price target of $5.78.

JetBlue Airways Trading Up 1.0 %

JBLU opened at $5.78 on Friday. The company has a fifty day moving average price of $6.86 and a two-hundred day moving average price of $5.67. JetBlue Airways has a 1-year low of $3.42 and a 1-year high of $9.45. The company has a market cap of $1.97 billion, a P/E ratio of -2.34 and a beta of 1.86. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.32.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10. JetBlue Airways had a negative return on equity of 5.38% and a negative net margin of 8.79%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period last year, the business posted ($0.34) EPS. The business’s revenue was down 5.5% compared to the same quarter last year.

Institutional Investors Weigh In On JetBlue Airways

A number of hedge funds and other institutional investors have recently modified their holdings of JBLU. Allspring Global Investments Holdings LLC bought a new position in shares of JetBlue Airways during the first quarter valued at about $25,000. Performa Ltd US LLC raised its position in JetBlue Airways by 96.6% during the 3rd quarter. Performa Ltd US LLC now owns 5,700 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 2,800 shares during the last quarter. GAMMA Investing LLC lifted its holdings in JetBlue Airways by 169.8% in the 1st quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock worth $28,000 after buying an additional 2,377 shares during the period. Signaturefd LLC grew its position in shares of JetBlue Airways by 72.8% in the 3rd quarter. Signaturefd LLC now owns 6,531 shares of the transportation company’s stock worth $30,000 after buying an additional 2,751 shares during the last quarter. Finally, YHB Investment Advisors Inc. purchased a new position in shares of JetBlue Airways during the first quarter valued at approximately $30,000. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Company Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.