Wall Street analysts expect that JetBlue Airways Corporation (NASDAQ:JBLU) will report earnings of $0.62 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for JetBlue Airways Corporation’s earnings. The highest EPS estimate is $0.67 and the lowest is $0.60. JetBlue Airways Corporation reported earnings per share of $0.58 in the same quarter last year, which suggests a positive year-over-year growth rate of 6.9%. The company is expected to report its next earnings report on Tuesday, October 24th.

According to Zacks, analysts expect that JetBlue Airways Corporation will report full-year earnings of $2.05 per share for the current year, with EPS estimates ranging from $2.00 to $2.15. For the next financial year, analysts expect that the company will post earnings of $2.21 per share, with EPS estimates ranging from $2.15 to $2.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow JetBlue Airways Corporation.

JetBlue Airways Corporation (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.08. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 earnings per share.

A number of brokerages have recently issued reports on JBLU. BidaskClub downgraded JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research downgraded JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Buckingham Research downgraded JetBlue Airways Corporation from a “buy” rating to a “neutral” rating and cut their target price for the stock from $28.00 to $24.00 in a research note on Wednesday, July 26th. Cowen and Company increased their target price on JetBlue Airways Corporation from $24.00 to $25.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 25th. Finally, Morgan Stanley increased their target price on JetBlue Airways Corporation from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday, July 17th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $25.69.

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In other JetBlue Airways Corporation news, CEO Robin Hayes sold 2,000 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $22.87, for a total transaction of $45,740.00. Following the sale, the chief executive officer now owns 408,362 shares in the company, valued at approximately $9,339,238.94. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP James G. Hnat sold 5,000 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $22.77, for a total value of $113,850.00. Following the sale, the executive vice president now owns 31,764 shares in the company, valued at approximately $723,266.28. The disclosure for this sale can be found here. Insiders sold a total of 28,740 shares of company stock valued at $646,976 over the last ninety days. 0.60% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in JBLU. World Asset Management Inc boosted its stake in shares of JetBlue Airways Corporation by 0.7% in the second quarter. World Asset Management Inc now owns 22,526 shares of the transportation company’s stock worth $514,000 after buying an additional 155 shares during the period. Arcus Capital Partners LLC boosted its stake in shares of JetBlue Airways Corporation by 1.5% in the first quarter. Arcus Capital Partners LLC now owns 11,665 shares of the transportation company’s stock worth $240,000 after buying an additional 175 shares during the period. M&T Bank Corp boosted its stake in shares of JetBlue Airways Corporation by 0.9% in the second quarter. M&T Bank Corp now owns 19,383 shares of the transportation company’s stock worth $442,000 after buying an additional 181 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in shares of JetBlue Airways Corporation by 2.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,497 shares of the transportation company’s stock worth $240,000 after buying an additional 283 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of JetBlue Airways Corporation by 2.8% in the second quarter. Cubist Systematic Strategies LLC now owns 11,310 shares of the transportation company’s stock worth $258,000 after buying an additional 310 shares during the period. Hedge funds and other institutional investors own 85.81% of the company’s stock.

JetBlue Airways Corporation (NASDAQ JBLU) traded up 0.69% during mid-day trading on Tuesday, hitting $21.82. The stock had a trading volume of 3,039,986 shares. The firm has a market cap of $7.18 billion, a P/E ratio of 11.08 and a beta of 0.53. The stock has a 50-day moving average price of $22.63 and a 200 day moving average price of $21.42. JetBlue Airways Corporation has a 12-month low of $15.70 and a 12-month high of $24.13.

JetBlue Airways Corporation Company Profile

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.

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

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