JetBlue Airways Co. (NASDAQ:JBLU) – Stock analysts at Imperial Capital decreased their Q3 2019 earnings estimates for shares of JetBlue Airways in a research report issued to clients and investors on Wednesday, January 9th. Imperial Capital analyst M. Derchin now expects that the transportation company will post earnings per share of $0.57 for the quarter, down from their prior estimate of $0.61. Imperial Capital has a “Outperform” rating and a $25.00 price target on the stock. Imperial Capital also issued estimates for JetBlue Airways’ FY2020 earnings at $2.50 EPS.
A number of other research analysts also recently commented on the stock. JPMorgan Chase & Co. downgraded shares of JetBlue Airways from an “overweight” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a research note on Thursday. Zacks Investment Research upgraded shares of JetBlue Airways from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Wednesday, January 2nd. BidaskClub downgraded shares of JetBlue Airways from a “buy” rating to a “hold” rating in a research report on Thursday, December 13th. Wolfe Research downgraded shares of JetBlue Airways from a “market perform” rating to an “underperform” rating in a research report on Friday, December 7th. Finally, Credit Suisse Group assumed coverage on shares of JetBlue Airways in a research report on Monday, November 19th. They issued an “underperform” rating and a $16.00 price target on the stock. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. JetBlue Airways currently has a consensus rating of “Hold” and an average target price of $20.30.
NASDAQ JBLU opened at $17.25 on Friday. JetBlue Airways has a 12 month low of $15.19 and a 12 month high of $23.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.57 and a current ratio of 0.60. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 10.09, a P/E/G ratio of 1.24 and a beta of 0.83.
JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, October 23rd. The transportation company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. JetBlue Airways had a net margin of 9.27% and a return on equity of 9.66%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the firm posted $0.55 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year.
Hedge funds have recently added to or reduced their stakes in the stock. Clearline Capital LP increased its holdings in shares of JetBlue Airways by 75.4% in the 3rd quarter. Clearline Capital LP now owns 171,253 shares of the transportation company’s stock worth $3,315,000 after acquiring an additional 73,609 shares during the period. Quantbot Technologies LP acquired a new position in JetBlue Airways during the 3rd quarter valued at about $844,000. Renaissance Technologies LLC acquired a new position in JetBlue Airways during the 2nd quarter valued at about $29,956,000. Canada Pension Plan Investment Board increased its stake in JetBlue Airways by 54.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 812,300 shares of the transportation company’s stock valued at $15,726,000 after buying an additional 285,500 shares during the period. Finally, Commonwealth Bank of Australia increased its stake in JetBlue Airways by 23.5% during the 3rd quarter. Commonwealth Bank of Australia now owns 418,041 shares of the transportation company’s stock valued at $8,091,000 after buying an additional 79,500 shares during the period. 88.89% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Robin Hayes sold 2,500 shares of the stock in a transaction dated Thursday, December 13th. The shares were sold at an average price of $17.70, for a total value of $44,250.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.63% of the stock is owned by company insiders.
JetBlue Airways Company Profile
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2017, the company operated a fleet of 53 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 101 destinations in 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
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