JetBlue Airways Corp. (JBLU) Releases Quarterly Earnings, Beats Estimates By $0.01 EPS
JetBlue Airways Corp. (NASDAQ:JBLU) issued its quarterly earnings data on Wednesday. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.01, AnalystRatingsNetwork.com reports. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.35 billion.
Shares of JetBlue Airways Corp. (NASDAQ:JBLU) opened at 8.74 on Wednesday. JetBlue Airways Corp. has a 52-week low of $5.70 and a 52-week high of $9.45. The stock has a 50-day moving average of $8.76 and a 200-day moving average of $7.4. The company has a market cap of $2.468 billion and a P/E ratio of 22.50.
A number of research firms have recently commented on JBLU. Analysts at Raymond James downgraded shares of JetBlue Airways Corp. from a “market perform” rating to an “underperform” rating in a research note to investors on Monday, November 25th. On the ratings front, analysts at Imperial Capital reiterated a “buy” rating on shares of JetBlue Airways Corp. in a research note to investors on Friday, November 22nd. They now have a $10.00 price target on the stock. Finally, analysts at CRT Capital raised their price target on shares of JetBlue Airways Corp. from $8.50 to $12.00 in a research note to investors on Friday, November 22nd. They now have a “buy” rating on the stock. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $8.19.
JetBlue Airways Corporation (NASDAQ:JBLU) is a passenger airline that operates primarily on point-to-point routes with its fleet of 120 Airbus A320 aircraft and 49 EMBRAER 190 aircraft.
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