Research Analysts Issue Forecasts for JetBlue Airways Co.’s FY2017 Earnings (JBLU)

JetBlue Airways Co. (NASDAQ:JBLU) – Imperial Capital reduced their FY2017 earnings per share estimates for JetBlue Airways in a research note issued on Wednesday. Imperial Capital analyst M. Derchin now expects that the transportation company will post earnings of $1.78 per share for the year, down from their prior estimate of $1.80. Imperial Capital currently has a “Buy” rating and a $31.00 target price on the stock. Imperial Capital also issued estimates for JetBlue Airways’ Q4 2017 earnings at $0.35 EPS, Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.63 EPS and Q4 2018 earnings at $0.53 EPS.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, October 24th. The transportation company reported $0.55 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 company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the business earned $0.58 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year.

A number of other analysts also recently commented on JBLU. Macquarie initiated coverage on JetBlue Airways in a research note on Monday, September 25th. They issued a “neutral” rating and a $21.00 price objective on the stock. Zacks Investment Research downgraded JetBlue Airways from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Morgan Stanley reissued an “equal weight” rating and issued a $20.00 price objective (down previously from $21.00) on shares of JetBlue Airways in a research note on Wednesday, October 4th. Cowen boosted their price objective on JetBlue Airways from $21.00 to $22.00 and gave the stock a “market perform” rating in a research note on Thursday, October 12th. Finally, Deutsche Bank boosted their price objective on JetBlue Airways from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. JetBlue Airways has an average rating of “Hold” and an average price target of $24.09.

Shares of JetBlue Airways (NASDAQ JBLU) opened at $22.48 on Friday. JetBlue Airways has a 12 month low of $18.05 and a 12 month high of $24.13. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $7,198.52, a price-to-earnings ratio of 11.59 and a beta of 0.68.

JetBlue Airways declared that its Board of Directors has authorized a share repurchase plan on Wednesday, December 13th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

In other news, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $21.38, for a total transaction of $42,760.00. Following the sale, the chief executive officer now directly owns 398,535 shares of the company’s stock, valued at $8,520,678.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction 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 sale, the director now directly owns 539,702 shares in the company, valued at $10,232,749.92. The disclosure for this sale can be found here. Insiders have sold 19,665 shares of company stock worth $412,388 over the last ninety days. 0.60% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of JBLU. Frontier Capital Management Co. LLC grew its holdings in shares of JetBlue Airways by 47.0% during the fourth quarter. Frontier Capital Management Co. LLC now owns 5,293,229 shares of the transportation company’s stock valued at $118,251,000 after buying an additional 1,692,657 shares in the last quarter. Bank of Nova Scotia purchased a new position in shares of JetBlue Airways during the second quarter valued at $21,689,000. Disciplined Growth Investors Inc. MN grew its holdings in shares of 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 valued at $90,072,000 after buying an additional 899,775 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of JetBlue Airways by 207.0% during the second quarter. Parametric Portfolio Associates LLC now owns 1,311,934 shares of the transportation company’s stock valued at $29,951,000 after buying an additional 884,560 shares in the last quarter. Finally, Systematic Financial Management LP grew its holdings in shares of JetBlue Airways by 208.3% during the third quarter. Systematic Financial Management LP now owns 1,024,200 shares of the transportation company’s stock valued at $18,978,000 after buying an additional 691,975 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

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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.

Earnings History and Estimates for JetBlue Airways (NASDAQ:JBLU)

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