JetBlue Airways Co. (JBLU) Expected to Post Earnings of $0.17 Per Share

Analysts expect JetBlue Airways Co. (NASDAQ:JBLU) to report $0.17 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for JetBlue Airways’ earnings. The highest EPS estimate is $0.22 and the lowest is $0.14. JetBlue Airways reported earnings per share of $0.25 in the same quarter last year, which would suggest a negative year-over-year growth rate of 32%. The business is scheduled to report its next earnings report on Tuesday, April 24th.

On average, analysts expect that JetBlue Airways will report full year earnings of $1.92 per share for the current fiscal year, with EPS estimates ranging from $1.84 to $2.08. For the next fiscal year, analysts expect that the company will report earnings of $2.29 per share, with EPS estimates ranging from $2.11 to $2.60. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for JetBlue Airways.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). JetBlue Airways had a net margin of 16.35% and a return on equity of 14.20%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the previous year, the business posted $0.50 EPS. JetBlue Airways’s revenue was up 7.0% compared to the same quarter last year.

Several equities analysts recently weighed in on JBLU shares. Deutsche Bank raised their price target on shares of JetBlue Airways from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Imperial Capital reissued a “buy” rating and set a $31.00 target price on shares of JetBlue Airways in a research report on Tuesday, October 17th. Stephens initiated coverage on shares of JetBlue Airways in a research report on Wednesday, November 29th. They set an “equal weight” rating and a $22.00 target price on the stock. BidaskClub raised shares of JetBlue Airways from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $23.00 target price (up previously from $20.00) on shares of JetBlue Airways in a research report on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $24.32.

In related news, EVP James G. Hnat sold 5,000 shares of JetBlue Airways stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $20.84, for a total value of $104,200.00. Following the sale, the executive vice president now owns 9,555 shares of the company’s stock, valued at approximately $199,126.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robin Hayes sold 2,000 shares of JetBlue Airways stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $21.38, for a total transaction of $42,760.00. Following the completion of the transaction, the chief executive officer now owns 398,535 shares of the company’s stock, valued at $8,520,678.30. The disclosure for this sale can be found here. Insiders sold a total of 20,545 shares of company stock worth $442,303 in the last ninety days. 0.60% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its stake in JetBlue Airways by 8.8% in the 3rd quarter. Legal & General Group Plc now owns 260,874 shares of the transportation company’s stock valued at $4,834,000 after buying an additional 21,209 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. grew its stake in JetBlue Airways by 50.9% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 68,200 shares of the transportation company’s stock valued at $1,523,000 after buying an additional 23,000 shares in the last quarter. Palisade Capital Management LLC NJ grew its stake in JetBlue Airways by 34.4% in the 3rd quarter. Palisade Capital Management LLC NJ now owns 21,500 shares of the transportation company’s stock valued at $398,000 after buying an additional 5,500 shares in the last quarter. Frontier Capital Management Co. LLC grew its stake in JetBlue Airways by 47.0% in the 4th 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. Finally, TIAA FSB grew its stake in JetBlue Airways by 26.1% in the 3rd quarter. TIAA FSB now owns 237,428 shares of the transportation company’s stock valued at $4,400,000 after buying an additional 49,142 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

JetBlue Airways (NASDAQ JBLU) opened at $19.87 on Tuesday. JetBlue Airways has a 1 year low of $18.05 and a 1 year high of $24.13. The firm has a market cap of $6,377.67, a PE ratio of 5.64 and a beta of 0.59. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56.

JetBlue Airways announced that its board has approved a share repurchase program on Wednesday, December 13th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

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

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