JetBlue Airways (NASDAQ:JBLU) Issues Earnings Results

JetBlue Airways (NASDAQ:JBLU) announced its earnings results on Tuesday. The transportation company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.21, Zacks reports. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. During the same period in the prior year, the firm earned ($0.19) earnings per share.

JetBlue Airways Trading Down 25.7 %

Shares of NASDAQ:JBLU opened at $6.01 on Wednesday. JetBlue Airways has a twelve month low of $4.49 and a twelve month high of $8.31. The company’s 50 day moving average is $7.18 and its 200 day moving average is $6.43. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Susquehanna boosted their target price on shares of JetBlue Airways from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. UBS Group restated a “sell” rating and set a $5.00 price objective on shares of JetBlue Airways in a report on Tuesday, November 26th. Morgan Stanley restated an “equal weight” rating and set a $8.00 price objective on shares of JetBlue Airways in a report on Wednesday, December 11th. Evercore ISI upped their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Finally, Barclays upped their price objective on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a report on Thursday, November 14th. Five analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.69.

About JetBlue Airways

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.