JetBlue Airways Corporation (NASDAQ:JBLU – Free Report) – Investment analysts at Zacks Research boosted their Q2 2027 EPS estimates for shares of JetBlue Airways in a research note issued on Monday, November 9th. Zacks Research analyst Team now forecasts that the transportation company will earn $0.08 per share for the quarter, up from their prior forecast of $0.07. The consensus estimate for JetBlue Airways’ current full-year earnings is ($2.68) per share. Zacks Research also issued estimates for JetBlue Airways’ Q2 2028 earnings at $0.28 EPS and FY2028 earnings at $0.53 EPS.
JetBlue Airways (NASDAQ:JBLU – Get Free Report) last posted its quarterly earnings results on Monday, October 26th. The transportation company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.05). JetBlue Airways had a negative return on equity of 56.96% and a negative net margin of 10.01%. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the business earned ($0.40) earnings per share. The business’s revenue for the quarter was up 21.1% on a year-over-year basis.
Other equities research analysts also recently issued reports about the company. Seaport Research Partners downgraded JetBlue Airways from a “buy” rating to a “neutral” rating in a research report on Monday, August 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JetBlue Airways in a report on Thursday, October 15th. BMO Capital Markets cut their price target on JetBlue Airways from $6.75 to $5.25 and set a “market perform” rating for the company in a report on Monday, September 28th. Citigroup upgraded JetBlue Airways from a “sell” rating to a “neutral” rating and reduced their price objective for the stock from $5.30 to $4.50 in a research report on Tuesday, October 6th. Finally, Barclays decreased their price objective on JetBlue Airways from $7.00 to $5.00 and set an “equal weight” rating on the stock in a report on Friday, September 11th. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $4.94.
View Our Latest Stock Report on JetBlue Airways
JetBlue Airways Stock Up 7.4%
Shares of JBLU opened at $3.94 on Tuesday. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.55 and a current ratio of 0.63. The company has a 50-day simple moving average of $3.81 and a 200-day simple moving average of $4.87. JetBlue Airways has a 52 week low of $2.16 and a 52 week high of $6.62. The firm has a market capitalization of $1.49 billion, a P/E ratio of -1.47 and a beta of 1.90.
Hedge Funds Weigh In On JetBlue Airways
Several hedge funds and other institutional investors have recently modified their holdings of the stock. U S Global Investors Inc. boosted its stake in JetBlue Airways by 8.4% in the 3rd quarter. U S Global Investors Inc. now owns 6,501,298 shares of the transportation company’s stock valued at $27,500,000 after buying an additional 505,067 shares in the last quarter. Bank of America Corp DE acquired a new position in JetBlue Airways during the second quarter worth $20,022,000. Primecap Management Co. CA acquired a new position in JetBlue Airways during the second quarter worth $13,549,000. Counterpoint Mutual Funds LLC raised its stake in JetBlue Airways by 91.1% during the third quarter. Counterpoint Mutual Funds LLC now owns 2,297,994 shares of the transportation company’s stock worth $9,721,000 after acquiring an additional 1,095,610 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of JetBlue Airways by 235.9% during the first quarter. Renaissance Technologies LLC now owns 2,246,200 shares of the transportation company’s stock valued at $9,928,000 after acquiring an additional 1,577,500 shares during the period. Institutional investors own 83.71% of the company’s stock.
Insider Buying and Selling at JetBlue Airways
In related news, Director Nik Mittal acquired 100,000 shares of the stock in a transaction dated Tuesday, November 3rd. The shares were bought at an average cost of $3.24 per share, for a total transaction of $324,000.00. Following the purchase, the director owned 238,537 shares in the company, valued at approximately $772,859.88. This trade represents a 72.18% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders sold 6,000 shares of company stock valued at $23,920. Corporate insiders own 2.41% of the company’s stock.
About JetBlue Airways
JetBlue Airways Corporation is a U.S. passenger airline headquartered in Long Island City, New York. Founded in 1998, the company began flying in 2000 and operates scheduled service across the United States and to destinations in the Caribbean, Latin America, Canada and Europe.
The airline offers economy and premium travel options, including its Mint business-class service on select routes and additional-legroom seating. JetBlue also provides loyalty rewards through its TrueBlue program and sells vacation packages combining flights with other travel services.
Joanna Geraghty became JetBlue’s chief executive officer in February 2024.
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