Equities research analysts forecast that JetBlue Airways Corporation (NASDAQ:JBLU) will announce $1.88 billion in sales for the current quarter, according to Zacks. Five analysts have issued estimates for JetBlue Airways Corporation’s earnings. The lowest sales estimate is $1.87 billion and the highest is $1.89 billion. JetBlue Airways Corporation reported sales of $1.73 billion in the same quarter last year, which would suggest a positive year over year growth rate of 8.7%. The business is expected to report its next earnings results on Tuesday, October 24th.

According to Zacks, analysts expect that JetBlue Airways Corporation will report full-year sales of $1.88 billion for the current financial year, with estimates ranging from $7.07 billion to $7.14 billion. For the next financial year, analysts forecast that the company will report sales of $7.72 billion per share, with estimates ranging from $7.53 billion to $7.88 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for JetBlue Airways Corporation.

JetBlue Airways Corporation (NASDAQ:JBLU) last issued its earnings results on Tuesday, July 25th. The transportation company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.75%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 EPS.

Several brokerages have recently weighed in on JBLU. BidaskClub downgraded shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Zacks Investment Research downgraded shares of JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Buckingham Research downgraded shares of JetBlue Airways Corporation from a “buy” rating to a “neutral” rating and reduced their target price for the company from $28.00 to $24.00 in a research note on Wednesday, July 26th. Cowen and Company increased their target price on shares of JetBlue Airways Corporation from $24.00 to $25.00 and gave the company a “market perform” rating in a research note on Tuesday, July 25th. Finally, Morgan Stanley increased their target price on shares of JetBlue Airways Corporation from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $25.69.

In other JetBlue Airways Corporation news, EVP James G. Hnat sold 6,000 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $21.98, for a total transaction of $131,880.00. Following the transaction, the executive vice president now directly owns 25,992 shares in the company, valued at approximately $571,304.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP George Martin J. St sold 2,500 shares of the stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $23.00, for a total transaction of $57,500.00. Following the transaction, the executive vice president now owns 28,457 shares in the company, valued at $654,511. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,740 shares of company stock worth $646,976. 0.60% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. UBS Asset Management Americas Inc. boosted its position in shares of JetBlue Airways Corporation by 6.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 57,725 shares of the transportation company’s stock valued at $1,294,000 after buying an additional 3,506 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of JetBlue Airways Corporation by 4.3% in the fourth quarter. Teachers Advisors LLC now owns 747,513 shares of the transportation company’s stock valued at $16,759,000 after buying an additional 30,923 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of JetBlue Airways Corporation by 2.7% in the first quarter. Capstone Asset Management Co. now owns 32,775 shares of the transportation company’s stock valued at $675,000 after buying an additional 850 shares during the last quarter. Americafirst Capital Management LLC acquired a new position in shares of JetBlue Airways Corporation during the first quarter valued at about $141,000. Finally, Louisiana State Employees Retirement System boosted its position in shares of JetBlue Airways Corporation by 6.4% in the first quarter. Louisiana State Employees Retirement System now owns 85,100 shares of the transportation company’s stock valued at $1,754,000 after buying an additional 5,100 shares during the last quarter. Institutional investors own 85.81% of the company’s stock.

JetBlue Airways Corporation (NASDAQ:JBLU) opened at 21.81 on Thursday. JetBlue Airways Corporation has a 12 month low of $15.70 and a 12 month high of $24.13. The stock has a market cap of $7.17 billion, a PE ratio of 11.07 and a beta of 0.53. The company has a 50-day moving average of $22.58 and a 200-day moving average of $21.44.

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About JetBlue Airways Corporation

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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