JetBlue Airways Co. (NASDAQ:JBLU) – Imperial Capital boosted their Q1 2019 earnings per share (EPS) estimates for JetBlue Airways in a report issued on Thursday, April 11th. Imperial Capital analyst M. Derchin now expects that the transportation company will post earnings per share of $0.12 for the quarter, up from their prior estimate of $0.08. Imperial Capital has a “Outperform” rating and a $23.00 price target on the stock. Imperial Capital also issued estimates for JetBlue Airways’ Q3 2019 earnings at $0.68 EPS and Q4 2019 earnings at $0.66 EPS.
JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Thursday, January 24th. The transportation company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.07. JetBlue Airways had a return on equity of 10.92% and a net margin of 2.44%. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the company posted $2.08 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year.
Other research analysts have also issued research reports about the company. Cowen reissued a “market perform” rating and set a $19.00 price target on shares of JetBlue Airways in a research note on Thursday, April 11th. BidaskClub lowered JetBlue Airways from a “hold” rating to a “sell” rating in a research note on Friday, February 22nd. Vertical Research assumed coverage on JetBlue Airways in a research note on Monday, February 4th. They set a “hold” rating and a $19.00 price target on the stock. Zacks Investment Research lowered JetBlue Airways from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Finally, Barclays lowered JetBlue Airways from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $27.00 to $20.00 in a research note on Monday, March 11th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $19.68.
Shares of JetBlue Airways stock opened at $16.93 on Monday. JetBlue Airways has a fifty-two week low of $15.19 and a fifty-two week high of $20.25. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 0.49 and a beta of 0.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.58 and a current ratio of 0.61.
In other news, CEO Robin Hayes sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $15.92, for a total transaction of $39,800.00. Following the completion of the sale, the chief executive officer now directly owns 455,576 shares in the company, valued at $7,252,769.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 7,500 shares of company stock valued at $127,275. 0.63% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of JetBlue Airways during the first quarter valued at about $25,000. Bronfman E.L. Rothschild L.P. grew its stake in shares of JetBlue Airways by 819.4% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,563 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 1,393 shares in the last quarter. First Command Financial Services Inc. acquired a new stake in shares of JetBlue Airways during the first quarter valued at about $35,000. KBC Group NV grew its stake in shares of JetBlue Airways by 88.2% during the fourth quarter. KBC Group NV now owns 2,213 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 1,037 shares in the last quarter. Finally, Enlightenment Research LLC acquired a new stake in shares of JetBlue Airways during the fourth quarter valued at about $47,000. Institutional investors own 89.82% of the company’s stock.
About JetBlue Airways
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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