Brokerages forecast that JetBlue Airways Co. (NASDAQ:JBLU) will announce sales of $1.96 billion for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for JetBlue Airways’ earnings. The highest sales estimate is $1.97 billion and the lowest is $1.96 billion. JetBlue Airways posted sales of $1.76 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.4%. The firm is expected to report its next earnings report on Thursday, January 24th.
According to Zacks, analysts expect that JetBlue Airways will report full year sales of $7.65 billion for the current financial year, with estimates ranging from $7.65 billion to $7.66 billion. For the next financial year, analysts anticipate that the company will report sales of $8.35 billion, with estimates ranging from $8.24 billion to $8.43 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for JetBlue Airways.
JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, October 23rd. The transportation company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. JetBlue Airways had a return on equity of 9.66% and a net margin of 9.27%. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS.
Several research firms recently commented on JBLU. TheStreet cut JetBlue Airways from a “b-” rating to a “c+” rating in a research report on Monday, October 15th. Imperial Capital lowered their target price on JetBlue Airways from $26.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 24th. BidaskClub cut JetBlue Airways from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. Macquarie set a $18.00 target price on JetBlue Airways and gave the company a “hold” rating in a research report on Monday, October 8th. Finally, Morgan Stanley set a $20.00 target price on JetBlue Airways and gave the company a “hold” rating in a research report on Friday, October 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $20.79.
In other news, EVP James G. Hnat sold 6,000 shares of JetBlue Airways stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $19.30, for a total transaction of $115,800.00. Following the transaction, the executive vice president now directly owns 3,437 shares in the company, valued at approximately $66,334.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.63% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of JBLU. Flagship Harbor Advisors LLC acquired a new position in shares of JetBlue Airways during the 2nd quarter valued at $147,000. Lincoln National Corp acquired a new position in shares of JetBlue Airways during the 2nd quarter valued at $190,000. Private Advisor Group LLC acquired a new position in shares of JetBlue Airways during the 3rd quarter valued at $255,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of JetBlue Airways during the 3rd quarter valued at $272,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of JetBlue Airways during the 2nd quarter valued at $281,000. Institutional investors own 88.91% of the company’s stock.
Shares of JetBlue Airways stock traded down $0.50 on Friday, reaching $18.74. 4,713,693 shares of the company were exchanged, compared to its average volume of 4,135,833. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 1.72 and a beta of 0.59. JetBlue Airways has a 1-year low of $15.76 and a 1-year high of $23.08.
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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