Q2 2024 EPS Estimates for JetBlue Airways Co. (NASDAQ:JBLU) Decreased by Seaport Res Ptn

JetBlue Airways Co. (NASDAQ:JBLU) – Equities researchers at Seaport Res Ptn lowered their Q2 2024 earnings estimates for JetBlue Airways in a report issued on Wednesday, April 24th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings per share of ($0.20) for the quarter, down from their prior forecast of $0.04. The consensus estimate for JetBlue Airways’ current full-year earnings is ($0.72) per share. Seaport Res Ptn also issued estimates for JetBlue Airways’ Q3 2024 earnings at ($0.30) EPS, Q4 2024 earnings at ($0.10) EPS and FY2024 earnings at ($1.04) EPS.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.10. JetBlue Airways had a negative net margin of 8.79% and a negative return on equity of 5.38%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter last year, the business earned ($0.34) earnings per share. The business’s revenue for the quarter was down 5.5% on a year-over-year basis.

JBLU has been the topic of a number of other research reports. Evercore ISI raised their price objective on shares of JetBlue Airways from $5.00 to $8.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. decreased their price target on shares of JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday. Barclays initiated coverage on shares of JetBlue Airways in a research report on Wednesday, March 27th. They issued an “underweight” rating and a $6.00 price target on the stock. TD Cowen decreased their price target on shares of JetBlue Airways from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Tuesday. Finally, Bank of America lowered shares of JetBlue Airways from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $6.00 to $3.00 in a research report on Tuesday, January 9th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, JetBlue Airways has an average rating of “Hold” and an average target price of $5.78.

JetBlue Airways Price Performance

NASDAQ JBLU opened at $5.78 on Friday. JetBlue Airways has a 12 month low of $3.42 and a 12 month high of $9.45. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.60 and a quick ratio of 0.57. The firm has a market capitalization of $1.97 billion, a PE ratio of -2.34 and a beta of 1.86. The company’s 50 day simple moving average is $6.86 and its 200 day simple moving average is $5.66.

Hedge Funds Weigh In On JetBlue Airways

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in JetBlue Airways by 41.3% during the 4th quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock worth $35,000 after purchasing an additional 1,861 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in JetBlue Airways by 3.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 58,330 shares of the transportation company’s stock worth $324,000 after purchasing an additional 2,178 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of JetBlue Airways by 169.8% during the 1st quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock valued at $28,000 after buying an additional 2,377 shares during the period. Private Advisor Group LLC boosted its stake in shares of JetBlue Airways by 12.5% during the 4th quarter. Private Advisor Group LLC now owns 24,470 shares of the transportation company’s stock valued at $136,000 after buying an additional 2,717 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of JetBlue Airways by 72.8% during the 3rd quarter. Signaturefd LLC now owns 6,531 shares of the transportation company’s stock valued at $30,000 after buying an additional 2,751 shares during the period. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

JetBlue Airways Company Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.