Brokerages Anticipate JetBlue Airways Co. (NASDAQ:JBLU) to Post -$1.94 EPS

Brokerages predict that JetBlue Airways Co. (NASDAQ:JBLU) will post earnings of ($1.94) per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for JetBlue Airways’ earnings. The lowest EPS estimate is ($2.14) and the highest is ($1.80). JetBlue Airways posted earnings of $0.59 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 428.8%. The business is expected to issue its next quarterly earnings report before the market opens on Tuesday, October 27th.

According to Zacks, analysts expect that JetBlue Airways will report full-year earnings of ($5.65) per share for the current year, with EPS estimates ranging from ($6.04) to ($5.15). For the next fiscal year, analysts anticipate that the company will post earnings of $0.12 per share, with EPS estimates ranging from ($0.80) to $1.40. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for JetBlue Airways.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, July 28th. The transportation company reported ($2.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.86) by ($0.16). JetBlue Airways had a negative net margin of 4.05% and a negative return on equity of 7.24%. The firm had revenue of $215.00 million for the quarter, compared to analyst estimates of $208.51 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The firm’s revenue was down 89.8% compared to the same quarter last year.

Several research analysts have weighed in on JBLU shares. Zacks Investment Research upgraded shares of JetBlue Airways from a “sell” rating to a “hold” rating and set a $13.00 price objective on the stock in a research note on Friday, October 9th. ValuEngine upgraded shares of JetBlue Airways from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 3rd. BidaskClub upgraded shares of JetBlue Airways from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. TheStreet lowered shares of JetBlue Airways from a “c-” rating to a “d” rating in a research note on Tuesday, July 28th. Finally, Morgan Stanley upped their price objective on shares of JetBlue Airways from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Monday, October 5th. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. JetBlue Airways currently has an average rating of “Buy” and an average target price of $15.14.

In related news, insider Scott M. Laurence sold 8,409 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $10.81, for a total transaction of $90,901.29. Following the completion of the sale, the insider now directly owns 2,957 shares of the company’s stock, valued at approximately $31,965.17. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Easwaran Sundaram sold 31,824 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $12.93, for a total transaction of $411,484.32. Following the completion of the sale, the insider now directly owns 113,918 shares of the company’s stock, valued at $1,472,959.74. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. Sei Investments Co. boosted its holdings in JetBlue Airways by 1.4% in the 2nd quarter. Sei Investments Co. now owns 70,719 shares of the transportation company’s stock valued at $770,000 after purchasing an additional 952 shares during the period. Shufro Rose & Co. LLC boosted its holdings in JetBlue Airways by 2.6% in the 2nd quarter. Shufro Rose & Co. LLC now owns 39,350 shares of the transportation company’s stock valued at $429,000 after purchasing an additional 1,000 shares during the period. Kessler Investment Group LLC boosted its holdings in JetBlue Airways by 22.0% in the 2nd quarter. Kessler Investment Group LLC now owns 6,100 shares of the transportation company’s stock valued at $66,000 after purchasing an additional 1,100 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in JetBlue Airways by 42.6% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 4,700 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 1,403 shares during the period. Finally, Smith Graham & Co. Investment Advisors LP boosted its holdings in JetBlue Airways by 0.4% in the 2nd quarter. Smith Graham & Co. Investment Advisors LP now owns 424,712 shares of the transportation company’s stock valued at $4,629,000 after purchasing an additional 1,734 shares during the period. 76.59% of the stock is owned by hedge funds and other institutional investors.

JetBlue Airways stock opened at $12.24 on Tuesday. The firm has a market cap of $3.33 billion, a PE ratio of -12.75 and a beta of 1.44. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.93 and a current ratio of 0.95. The firm’s 50 day moving average price is $12.07 and its two-hundred day moving average price is $10.65. JetBlue Airways has a twelve month low of $6.61 and a twelve month 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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Earnings History and Estimates for JetBlue Airways (NASDAQ:JBLU)

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