JetBlue Airways (NASDAQ:JBLU) Announces Quarterly Earnings Results

JetBlue Airways (NASDAQ:JBLU) posted its quarterly earnings data on Tuesday. The transportation company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.42) by $0.21, Zacks reports. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. During the same quarter last year, the business earned ($0.19) earnings per share.

JetBlue Airways Price Performance

NASDAQ:JBLU opened at $6.01 on Wednesday. JetBlue Airways has a 1-year low of $4.49 and a 1-year high of $8.31. The company has a 50-day moving average of $7.18 and a 200 day moving average of $6.43. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Evercore ISI lifted their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Citigroup boosted their target price on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Barclays boosted their target price on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday, November 14th. Finally, Bank of America reissued an “underperform” rating and set a $6.50 target price on shares of JetBlue Airways in a research note on Friday, January 17th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $6.69.

JetBlue Airways Company Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.