Wall Street brokerages forecast that JetBlue Airways Corporation (NASDAQ:JBLU) will announce $0.30 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for JetBlue Airways’ earnings. The highest EPS estimate is $0.33 and the lowest is $0.28. JetBlue Airways posted earnings per share of $0.50 during the same quarter last year, which suggests a negative year over year growth rate of 40%. The company is expected to issue its next quarterly earnings report on Thursday, January 25th.

According to Zacks, analysts expect that JetBlue Airways will report full-year earnings of $1.74 per share for the current financial year, with EPS estimates ranging from $1.71 to $1.77. For the next year, analysts anticipate that the business will post earnings of $1.86 per share, with EPS estimates ranging from $1.70 to $2.05. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow JetBlue Airways.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. JetBlue Airways had a net margin of 9.38% and a return on equity of 15.95%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 earnings per share.

JBLU has been the subject of several recent research reports. Standpoint Research initiated coverage on shares of JetBlue Airways in a research report on Friday, September 1st. They set an “accumulate” rating and a $26.00 price target for the company. ValuEngine lowered shares of JetBlue Airways from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Imperial Capital reaffirmed a “buy” rating and issued a $31.00 price objective on shares of JetBlue Airways in a report on Tuesday, October 17th. Deutsche Bank upped their price objective on shares of JetBlue Airways from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $20.00 price objective (down previously from $21.00) on shares of JetBlue Airways in a report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. JetBlue Airways has an average rating of “Hold” and a consensus price target of $25.02.

JetBlue Airways (NASDAQ JBLU) opened at $21.62 on Thursday. The company has a market cap of $7,044.61, a PE ratio of 11.32 and a beta of 0.68. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.25. JetBlue Airways has a 12-month low of $18.05 and a 12-month high of $24.13.

In related news, Director Joel Clinton Peterson sold 5,120 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $18.45, for a total value of $94,464.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robin Hayes sold 2,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $21.38, for a total value of $42,760.00. Following the completion of the transaction, the chief executive officer now owns 398,535 shares in the company, valued at approximately $8,520,678.30. The disclosure for this sale can be found here. Insiders have sold 20,285 shares of company stock valued at $394,517 over the last ninety days. Insiders own 0.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in JetBlue Airways by 2.2% during the second quarter. FMR LLC now owns 19,075,077 shares of the transportation company’s stock worth $435,484,000 after purchasing an additional 404,086 shares during the period. Dimensional Fund Advisors LP boosted its position in JetBlue Airways by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 11,295,104 shares of the transportation company’s stock worth $209,297,000 after purchasing an additional 259,499 shares during the period. State Street Corp boosted its position in JetBlue Airways by 0.5% during the second quarter. State Street Corp now owns 8,325,116 shares of the transportation company’s stock worth $190,058,000 after purchasing an additional 40,286 shares during the period. Donald Smith & CO. Inc. boosted its position in JetBlue Airways by 5.1% during the third quarter. Donald Smith & CO. Inc. now owns 6,460,428 shares of the transportation company’s stock worth $119,712,000 after purchasing an additional 314,961 shares during the period. Finally, Disciplined Growth Investors Inc. MN boosted its position in JetBlue Airways by 22.7% during the third quarter. Disciplined Growth Investors Inc. MN now owns 4,860,896 shares of the transportation company’s stock worth $90,072,000 after purchasing an additional 899,775 shares during the period. Hedge funds and other institutional investors own 89.86% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/07/brokerages-expect-jetblue-airways-corporation-jblu-will-announce-earnings-of-0-30-per-share.html.

JetBlue Airways 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.

Get a free copy of the Zacks research report on JetBlue Airways (JBLU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for JetBlue Airways (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.