-$1.70 Earnings Per Share Expected for JetBlue Airways Co. (NASDAQ:JBLU) This Quarter


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Equities analysts predict that JetBlue Airways Co. (NASDAQ:JBLU) will announce earnings of ($1.70) per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for JetBlue Airways’ earnings. The lowest EPS estimate is ($1.83) and the highest is ($1.43). JetBlue Airways reported earnings per share of $0.56 in the same quarter last year, which suggests a negative year-over-year growth rate of 403.6%. The company is expected to report its next quarterly earnings report on Thursday, January 28th.

On average, analysts expect that JetBlue Airways will report full-year earnings of ($5.87) per share for the current fiscal year, with EPS estimates ranging from ($6.00) to ($5.62). For the next year, analysts expect that the company will report earnings of ($0.67) per share, with EPS estimates ranging from ($2.24) to $0.95. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover JetBlue Airways.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Sunday, November 1st. The transportation company reported ($1.75) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.96) by $0.21. The company had revenue of $492.00 million during the quarter, compared to analysts’ expectations of $478.34 million. JetBlue Airways had a negative return on equity of 23.07% and a negative net margin of 18.95%. The firm’s revenue for the quarter was down 76.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 earnings per share.

A number of equities research analysts have recently commented on JBLU shares. Zacks Investment Research raised shares of JetBlue Airways from a “sell” rating to a “hold” rating and set a $13.00 target price for the company in a report on Friday, October 9th. BidaskClub cut JetBlue Airways from a “hold” rating to a “sell” rating in a research report on Tuesday, December 22nd. Stifel Nicolaus boosted their target price on JetBlue Airways from $12.00 to $13.00 and gave the company a “hold” rating in a report on Wednesday, October 28th. ValuEngine lowered shares of JetBlue Airways from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 5th. Finally, JPMorgan Chase & Co. lowered JetBlue Airways from an “overweight” rating to an “underweight” rating and lowered their price objective for the company from $16.00 to $14.00 in a report on Wednesday, December 16th. They noted that the move was a valuation call. Four 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. JetBlue Airways currently has a consensus rating of “Hold” and a consensus target price of $13.87.

A number of hedge funds have recently bought and sold shares of the stock. Sei Investments Co. raised its holdings in shares of JetBlue Airways by 1.0% in the third quarter. Sei Investments Co. now owns 71,429 shares of the transportation company’s stock valued at $811,000 after buying an additional 710 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in shares of JetBlue Airways by 0.9% during the third quarter. Treasurer of the State of North Carolina now owns 99,834 shares of the transportation company’s stock worth $1,131,000 after purchasing an additional 900 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of JetBlue Airways by 8.7% during the third quarter. International Assets Investment Management LLC now owns 13,125 shares of the transportation company’s stock valued at $149,000 after purchasing an additional 1,050 shares during the last quarter. State of Michigan Retirement System grew its stake in shares of JetBlue Airways by 1.1% during the third quarter. State of Michigan Retirement System now owns 99,250 shares of the transportation company’s stock valued at $1,125,000 after purchasing an additional 1,100 shares during the last quarter. Finally, NWK Group Inc. increased its holdings in shares of JetBlue Airways by 60.0% in the third quarter. NWK Group Inc. now owns 3,200 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 1,200 shares in the last quarter. 72.13% of the stock is currently owned by hedge funds and other institutional investors.

JBLU stock traded up $0.11 on Wednesday, hitting $14.92. The company’s stock had a trading volume of 8,655,651 shares, compared to its average volume of 8,252,307. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of -4.92 and a beta of 1.60. The firm has a 50 day moving average of $14.87 and a two-hundred day moving average of $12.58. The company has a current ratio of 1.23, a quick ratio of 1.21 and a debt-to-equity ratio of 1.19. JetBlue Airways has a 1 year low of $6.61 and a 1 year high of $21.65.

JetBlue Airways Company Profile

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2019, the company operated a fleet of 63 Airbus A321 aircraft, 6 Airbus A321 neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 99 destinations in the 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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