Wall Street brokerages expect JetBlue Airways Corporation (NASDAQ:JBLU) to announce sales of $1.84 billion for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for JetBlue Airways Corporation’s earnings. The highest sales estimate is $1.87 billion and the lowest is $1.80 billion. JetBlue Airways Corporation posted sales of $1.73 billion during the same quarter last year, which suggests a positive year over year growth rate of 6.4%. The company is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, October 24th.

On average, analysts expect that JetBlue Airways Corporation will report full-year sales of $1.84 billion for the current financial year, with estimates ranging from $6.95 billion to $7.07 billion. For the next fiscal year, analysts forecast that the business will report sales of $7.63 billion per share, with estimates ranging from $7.43 billion to $7.81 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover JetBlue Airways Corporation.

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

A number of equities analysts recently weighed in on JBLU shares. Bank of America Corporation boosted their price target on shares of JetBlue Airways Corporation from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, June 30th. Buckingham Research lowered shares of JetBlue Airways Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $28.00 to $24.00 in a research report on Wednesday, July 26th. Cowen and Company restated a “hold” rating on shares of JetBlue Airways Corporation in a research report on Friday, September 1st. Zacks Investment Research lowered shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Finally, Macquarie started coverage on shares of JetBlue Airways Corporation in a research report on Monday, September 25th. They set a “neutral” rating and a $21.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $25.25.

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) opened at 20.53 on Thursday. The stock has a market capitalization of $6.75 billion, a PE ratio of 10.42 and a beta of 0.59. JetBlue Airways Corporation has a 12 month low of $16.85 and a 12 month high of $24.13. The stock’s 50 day moving average is $19.28 and its 200 day moving average is $21.33.

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In related news, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $22.00, for a total transaction of $112,640.00. Following the sale, the director now directly owns 555,062 shares of the company’s stock, valued at approximately $12,211,364. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $22.03, for a total transaction of $44,060.00. Following the sale, the chief executive officer now directly owns 406,362 shares in the company, valued at $8,952,154.86. The disclosure for this sale can be found here. Insiders sold a total of 31,860 shares of company stock worth $646,973 over the last quarter. 0.60% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. World Asset Management Inc increased its stake in JetBlue Airways Corporation by 0.7% during the 2nd 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. M&T Bank Corp increased its stake in JetBlue Airways Corporation by 0.9% during the 2nd 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 increased its stake in JetBlue Airways Corporation by 2.8% during the 2nd 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. Cubist Systematic Strategies LLC increased its stake in JetBlue Airways Corporation by 2.8% during the 2nd 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. Finally, Capstone Asset Management Co. increased its stake in JetBlue Airways Corporation by 1.1% during the 2nd quarter. Capstone Asset Management Co. now owns 33,135 shares of the transportation company’s stock worth $756,000 after buying an additional 360 shares during the period. 84.48% of the stock is currently owned by hedge funds and other institutional investors.

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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