JetBlue (NASDAQ:JBLU) will post its quarterly earnings results before the market opens on Tuesday, April 24th. Analysts expect JetBlue to post earnings of $0.20 per share for the quarter.
JetBlue (NASDAQ:JBLU) last posted its quarterly earnings data on Thursday, January 25th. The transportation company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). JetBlue had a return on equity of 13.57% and a net margin of 16.35%. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period last year, the company earned $0.50 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, analysts expect JetBlue to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
JetBlue stock opened at $19.86 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.48 and a current ratio of 0.50. JetBlue has a 1-year low of $18.05 and a 1-year high of $24.13. The stock has a market capitalization of $6,243.40, a P/E ratio of 11.61, a PEG ratio of 0.56 and a beta of 0.55.
In other news, EVP George Martin J. St sold 3,000 shares of the stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $19.60, for a total transaction of $58,800.00. Following the transaction, the executive vice president now directly owns 34,474 shares in the company, valued at $675,690.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $21.05, for a total transaction of $42,100.00. Following the transaction, the chief executive officer now owns 428,069 shares in the company, valued at $9,010,852.45. The disclosure for this sale can be found here. Insiders sold a total of 17,000 shares of company stock worth $355,220 over the last 90 days. Insiders own 0.63% of the company’s stock.
A number of analysts recently weighed in on the stock. Stephens reissued a “hold” rating and issued a $23.00 price objective on shares of JetBlue in a research report on Tuesday, April 17th. Morgan Stanley upped their target price on shares of JetBlue from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Monday, April 16th. Cowen restated a “market perform” rating and issued a $22.00 target price (down from $23.00) on shares of JetBlue in a research note on Wednesday, April 11th. ValuEngine downgraded shares of JetBlue from a “buy” rating to a “hold” rating in a research note on Monday, April 9th. Finally, BidaskClub downgraded shares of JetBlue from a “hold” rating to a “sell” rating in a research note on Thursday, March 29th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. JetBlue presently has an average rating of “Hold” and an average price target of $24.56.
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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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