JetBlue Airways Corporation (JBLU) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS
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.
COPYRIGHT VIOLATION NOTICE: This report was published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2017/10/24/jetblue-airways-corporation-jblu-issues-quarterly-earnings-results-beats-estimates-by-0-03-eps.html.
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.
Receive News & Ratings for JetBlue Airways Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways Corporation and related companies with MarketBeat.com's FREE daily email newsletter.