JetBlue Airways Corporation (NASDAQ:JBLU) – Equities researchers at Imperial Capital lifted their FY2019 earnings estimates for JetBlue Airways Corporation in a research report issued to clients and investors on Wednesday. Imperial Capital analyst M. Derchin now forecasts that the transportation company will earn $1.10 per share for the year, up from their previous forecast of $1.05. Imperial Capital currently has a “Buy” rating and a $31.00 target price on the stock.

Other analysts also recently issued reports about the company. Standpoint Research started coverage on JetBlue Airways Corporation in a report on Friday, September 1st. They issued an “accumulate” rating and a $26.00 price objective for the company. Zacks Investment Research upgraded JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Wednesday, July 12th. BidaskClub upgraded JetBlue Airways Corporation from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Bank of America Corporation lifted their price objective on JetBlue Airways Corporation from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, June 30th. Finally, ValuEngine downgraded JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $25.37.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/27/jetblue-airways-corporation-jblu-to-post-fy2019-earnings-of-1-10-per-share-imperial-capital-forecasts.html.

JetBlue Airways Corporation (JBLU) traded down 1.07% during mid-day trading on Friday, hitting $19.38. 5,664,669 shares of the stock were exchanged. The stock has a 50 day moving average of $19.45 and a 200-day moving average of $21.30. JetBlue Airways Corporation has a 52-week low of $16.85 and a 52-week high of $24.13. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 9.84 and a beta of 0.59.

JetBlue Airways Corporation (NASDAQ:JBLU) last released its earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. JetBlue Airways Corporation had a net margin of 9.38% and a return on equity of 16.06%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 EPS.

Several hedge funds have recently modified their holdings of JBLU. OppenheimerFunds Inc. grew its stake in shares of JetBlue Airways Corporation by 34.1% during the first quarter. OppenheimerFunds Inc. now owns 82,464 shares of the transportation company’s stock worth $1,700,000 after acquiring an additional 20,971 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of JetBlue Airways Corporation by 69.8% during the first quarter. PNC Financial Services Group Inc. now owns 13,856 shares of the transportation company’s stock worth $285,000 after acquiring an additional 5,698 shares during the last quarter. Legal & General Group Plc grew its stake in shares of JetBlue Airways Corporation by 155.3% during the first quarter. Legal & General Group Plc now owns 191,616 shares of the transportation company’s stock worth $3,949,000 after acquiring an additional 116,562 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in shares of JetBlue Airways Corporation by 13.8% during the first quarter. Thrivent Financial For Lutherans now owns 63,245 shares of the transportation company’s stock worth $1,303,000 after acquiring an additional 7,650 shares during the last quarter. Finally, State Street Corp grew its stake in shares of JetBlue Airways Corporation by 2.6% during the first quarter. State Street Corp now owns 8,284,830 shares of the transportation company’s stock worth $170,755,000 after acquiring an additional 212,600 shares during the last quarter. Institutional investors and hedge funds own 83.90% of the company’s stock.

In other news, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction dated 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 owns 406,362 shares in the company, valued at $8,952,154.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $18.45, for a total value of $94,464.00. The disclosure for this sale can be found here. Insiders sold 31,860 shares of company stock valued at $646,973 over the last quarter. 0.60% of the stock is currently owned by corporate insiders.

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 and Estimates for JetBlue Airways Corporation (NASDAQ:JBLU)

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.