JetBlue Airways Corporation (NASDAQ:JBLU) released its earnings results on Tuesday. The transportation company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03, MarketWatch Earnings reports. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 earnings per share.

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) traded up 0.40% during midday trading on Tuesday, reaching $19.96. The company’s stock had a trading volume of 3,414,655 shares. JetBlue Airways Corporation has a 52 week low of $16.85 and a 52 week high of $24.13. The stock has a market capitalization of $6.56 billion, a PE ratio of 10.13 and a beta of 0.59. The stock has a 50-day moving average price of $19.40 and a 200 day moving average price of $21.32.

In other JetBlue Airways Corporation news, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $18.56, for a total transaction of $37,120.00. Following the transaction, the chief executive officer now directly owns 402,362 shares in the company, valued at $7,467,838.72. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP James G. Hnat sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $21.98, for a total value of $131,880.00. Following the transaction, the executive vice president now owns 25,992 shares in the company, valued at $571,304.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,860 shares of company stock valued at $646,973. Insiders own 0.60% of the company’s stock.

Several equities analysts recently commented on the company. Imperial Capital reiterated a “buy” rating and issued a $31.00 target price on shares of JetBlue Airways Corporation in a research note on Tuesday, October 17th. Cowen and Company upped their target price on JetBlue Airways Corporation from $21.00 to $22.00 and gave the company a “market perform” rating in a research note on Thursday, October 12th. Morgan Stanley reiterated an “equal weight” rating and issued a $20.00 target price (down from $21.00) on shares of JetBlue Airways Corporation in a research note on Wednesday, October 4th. Zacks Investment Research lowered JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Finally, Macquarie assumed coverage on JetBlue Airways Corporation in a research note on Monday, September 25th. They issued a “neutral” rating and a $21.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. JetBlue Airways Corporation has an average rating of “Hold” and an average target price of $25.25.

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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.

Earnings History for JetBlue Airways Corporation (NASDAQ:JBLU)

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