JetBlue Airways (JBLU) to Release Quarterly Earnings on Tuesday

JetBlue Airways (NASDAQ:JBLUGet Rating) will announce its earnings results before the market opens on Tuesday, April 26th. Analysts expect the company to announce earnings of ($0.86) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

JetBlue Airways (NASDAQ:JBLUGet Rating) last posted its quarterly earnings results on Thursday, January 27th. The transportation company reported ($0.36) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.04. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.82 billion. JetBlue Airways had a negative return on equity of 21.61% and a negative net margin of 3.01%. The company’s quarterly revenue was up 177.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.53) EPS. On average, analysts expect JetBlue Airways to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of JBLU opened at $12.66 on Tuesday. The firm has a market cap of $4.06 billion, a P/E ratio of -21.83 and a beta of 1.39. JetBlue Airways has a 12-month low of $11.37 and a 12-month high of $20.89. The company’s 50-day moving average price is $14.10 and its 200 day moving average price is $14.44. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.95.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Guggenheim Capital LLC lifted its holdings in shares of JetBlue Airways by 58.8% during the fourth quarter. Guggenheim Capital LLC now owns 36,329 shares of the transportation company’s stock worth $517,000 after purchasing an additional 13,454 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in JetBlue Airways in the fourth quarter valued at $379,000. Advisors Asset Management Inc. lifted its holdings in JetBlue Airways by 3,128.9% in the fourth quarter. Advisors Asset Management Inc. now owns 26,574 shares of the transportation company’s stock valued at $378,000 after acquiring an additional 25,751 shares during the period. Bell Rock Capital LLC acquired a new stake in JetBlue Airways in the fourth quarter valued at $353,000. Finally, NewEdge Advisors LLC acquired a new stake in JetBlue Airways in the fourth quarter valued at $328,000. 76.69% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on JBLU shares. Morgan Stanley dropped their target price on JetBlue Airways from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, April 4th. Zacks Investment Research raised JetBlue Airways from a “sell” rating to a “hold” rating and set a $17.00 price objective for the company in a research report on Friday, February 11th. Wolfe Research downgraded JetBlue Airways from a “peer perform” rating to an “underperform” rating in a research report on Tuesday, April 12th. StockNews.com started coverage on JetBlue Airways in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, MKM Partners raised JetBlue Airways from a “neutral” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Monday, April 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, JetBlue Airways has a consensus rating of “Hold” and a consensus target price of $18.15.

JetBlue Airways Company Profile (Get Rating)

JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 107 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

See Also

Earnings History for JetBlue Airways (NASDAQ:JBLU)

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