JetBlue Airways Corporation (NASDAQ:JBLU) Posts Earnings Results, Beats Estimates By $0.08 EPS

JetBlue Airways Corporation (NASDAQ:JBLU) released its earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.08, Morningstar.com reports. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.75%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year.

JetBlue Airways Corporation (NASDAQ:JBLU) traded down 0.65% on Friday, reaching $21.32. The company’s stock had a trading volume of 3,428,650 shares. The firm has a market capitalization of $7.01 billion, a P/E ratio of 10.82 and a beta of 0.53. JetBlue Airways Corporation has a 52-week low of $15.70 and a 52-week high of $24.13. The firm has a 50-day moving average price of $22.65 and a 200 day moving average price of $21.42.

In related news, EVP George Martin J. St sold 2,500 shares of JetBlue Airways Corporation stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $23.00, for a total transaction of $57,500.00. Following the completion of the transaction, the executive vice president now owns 28,457 shares in the company, valued at $654,511. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robin Hayes sold 2,000 shares of JetBlue Airways Corporation stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $22.87, for a total value of $45,740.00. Following the transaction, the chief executive officer now owns 408,362 shares of the company’s stock, valued at approximately $9,339,238.94. The disclosure for this sale can be found here. Insiders sold a total of 28,740 shares of company stock worth $646,976 in the last three months. Company insiders own 0.60% of the company’s stock.

Large investors have recently modified their holdings of the company. World Asset Management Inc boosted its stake in shares of JetBlue Airways Corporation by 0.7% in the second quarter. World Asset Management Inc now owns 22,526 shares of the transportation company’s stock worth $514,000 after buying an additional 155 shares in the last quarter. Arcus Capital Partners LLC increased its stake in JetBlue Airways Corporation by 1.5% in the first quarter. Arcus Capital Partners LLC now owns 11,665 shares of the transportation company’s stock worth $240,000 after buying an additional 175 shares during the last quarter. M&T Bank Corp increased its position in shares of JetBlue Airways Corporation by 0.9% in the second quarter. M&T Bank Corp now owns 19,383 shares of the transportation company’s stock valued at $442,000 after buying an additional 181 shares in the last quarter. Curbstone Financial Management Corp increased its position in shares of JetBlue Airways Corporation by 1.0% in the first quarter. Curbstone Financial Management Corp now owns 22,775 shares of the transportation company’s stock valued at $469,000 after buying an additional 225 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its position in shares of JetBlue Airways Corporation by 2.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,497 shares of the transportation company’s stock valued at $240,000 after buying an additional 283 shares during the period. Institutional investors own 84.76% of the company’s stock.

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A number of brokerages recently issued reports on JBLU. Bank of America Corporation upped their price target on JetBlue Airways Corporation from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, June 30th. BidaskClub downgraded JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Morgan Stanley upped their price target on JetBlue Airways Corporation from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, June 13th. Cowen and Company upped their price target on JetBlue Airways Corporation from $24.00 to $25.00 and gave the company a “market perform” rating in a report on Tuesday, July 25th. Finally, Vetr raised JetBlue Airways Corporation from a “buy” rating to a “strong-buy” rating and set a $25.22 price objective for the company in a report on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $25.69.

JetBlue Airways Corporation 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 for JetBlue Airways Corporation (NASDAQ:JBLU)

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