JetBlue Airways (JBLU) Set to Announce Earnings on Thursday
JetBlue Airways (NASDAQ:JBLU) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, January 25th. Analysts expect JetBlue Airways to post earnings of $0.30 per share for the quarter.
JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. JetBlue Airways had a return on equity of 15.95% and a net margin of 9.38%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the company earned $0.58 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts expect JetBlue Airways to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of JetBlue Airways (NASDAQ JBLU) opened at $22.45 on Thursday. JetBlue Airways has a 52-week low of $18.05 and a 52-week high of $24.13. The stock has a market capitalization of $7,200.00, a PE ratio of 11.45 and a beta of 0.68. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.56 and a current ratio of 0.56.
In other JetBlue Airways news, Director Joel Clinton Peterson sold 5,120 shares of JetBlue Airways stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $18.96, for a total value of $97,075.20. Following the completion of the transaction, the director now directly owns 539,702 shares in the company, valued at $10,232,749.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP James G. Hnat sold 2,000 shares of JetBlue Airways stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $21.05, for a total value of $42,100.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,665 shares of company stock valued at $343,388. 0.60% of the stock is owned by corporate insiders.
A number of analysts have recently issued reports on the company. BidaskClub raised JetBlue Airways from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. ValuEngine raised JetBlue Airways from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Cowen reaffirmed a “market perform” rating and set a $24.00 target price (up from $22.00) on shares of JetBlue Airways in a research report on Tuesday, December 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $23.00 target price (up from $20.00) on shares of JetBlue Airways in a research report on Wednesday, January 10th. Finally, Bank of America lowered JetBlue Airways from a “buy” rating to an “underperform” rating and set a $22.00 target price on the stock. in a research report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $24.09.
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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.
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