Equities analysts expect JetBlue Airways Co. (NASDAQ:JBLU) to post $2.14 billion in sales for the current quarter, Zacks reports. Five analysts have provided estimates for JetBlue Airways’ earnings, with the lowest sales estimate coming in at $2.13 billion and the highest estimate coming in at $2.15 billion. JetBlue Airways reported sales of $2.01 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 6.5%. The company is scheduled to report its next quarterly earnings report on Tuesday, October 22nd.
According to Zacks, analysts expect that JetBlue Airways will report full-year sales of $8.20 billion for the current year, with estimates ranging from $8.17 billion to $8.22 billion. For the next financial year, analysts forecast that the company will report sales of $8.85 billion, with estimates ranging from $8.78 billion to $8.93 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow JetBlue Airways.
JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, July 23rd. The transportation company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. JetBlue Airways had a return on equity of 11.35% and a net margin of 5.53%. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue was up 9.2% compared to the same quarter last year.
Several brokerages recently weighed in on JBLU. Buckingham Research lifted their price target on JetBlue Airways from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. Vertical Research upgraded JetBlue Airways from a “hold” rating to a “buy” rating and set a $17.98 price target for the company in a research report on Friday, June 7th. Citigroup upgraded JetBlue Airways from a “neutral” rating to a “buy” rating and lifted their price target for the company from $19.50 to $26.00 in a research report on Tuesday, June 11th. BidaskClub upgraded JetBlue Airways from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 27th. Finally, Susquehanna Bancshares began coverage on JetBlue Airways in a research report on Tuesday, May 28th. They set a “positive” rating and a $22.00 price target for the company. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.45.
In related news, CEO Robin Hayes sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $19.27, for a total transaction of $48,175.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brandon Nelson sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $19.43, for a total value of $58,290.00. Following the sale, the senior vice president now owns 4,429 shares of the company’s stock, valued at $86,055.47. The disclosure for this sale can be found here. Insiders sold 14,335 shares of company stock valued at $270,990 over the last 90 days. Company insiders own 0.79% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC increased its position in shares of JetBlue Airways by 4.4% during the first quarter. FMR LLC now owns 14,149,941 shares of the transportation company’s stock worth $231,493,000 after purchasing an additional 596,824 shares in the last quarter. Rubric Capital Management LP purchased a new stake in shares of JetBlue Airways during the first quarter worth approximately $12,163,000. Thompson Siegel & Walmsley LLC increased its position in shares of JetBlue Airways by 251.2% during the first quarter. Thompson Siegel & Walmsley LLC now owns 4,041,171 shares of the transportation company’s stock worth $66,113,000 after purchasing an additional 2,890,530 shares in the last quarter. AJO LP increased its position in shares of JetBlue Airways by 121.9% during the first quarter. AJO LP now owns 6,676,381 shares of the transportation company’s stock worth $109,226,000 after purchasing an additional 3,667,010 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of JetBlue Airways by 1.5% during the first quarter. Louisiana State Employees Retirement System now owns 82,100 shares of the transportation company’s stock worth $1,343,000 after purchasing an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.
JBLU stock traded up $0.38 during trading on Friday, hitting $18.40. 2,576,586 shares of the company traded hands, compared to its average volume of 4,483,205. The stock’s 50-day simple moving average is $19.05 and its 200 day simple moving average is $17.92. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.48. The company has a market cap of $5.37 billion, a PE ratio of 11.87, a P/E/G ratio of 0.42 and a beta of 0.90. JetBlue Airways has a 1 year low of $15.19 and a 1 year high of $20.14.
JetBlue Airways Company Profile
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
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