Analysts Offer Predictions for JetBlue Airways Co.’s Q2 2022 Earnings (NASDAQ:JBLU)

JetBlue Airways Co. (NASDAQ:JBLUGet Rating) – Investment analysts at Seaport Res Ptn boosted their Q2 2022 earnings estimates for shares of JetBlue Airways in a research report issued to clients and investors on Tuesday, April 26th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings of ($0.10) per share for the quarter, up from their previous forecast of ($0.20). Seaport Res Ptn also issued estimates for JetBlue Airways’ Q3 2022 earnings at $0.20 EPS, Q4 2022 earnings at $0.15 EPS and FY2022 earnings at ($0.50) EPS.

JetBlue Airways (NASDAQ:JBLUGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The transportation company reported ($0.80) EPS for the quarter, topping analysts’ consensus estimates of ($0.85) by $0.05. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.74 billion. JetBlue Airways had a negative return on equity of 21.61% and a negative net margin of 3.01%. The business’s revenue for the quarter was up 136.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.48) EPS.

Several other equities analysts have also issued reports on JBLU. Barclays lowered their price target on JetBlue Airways from $20.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, January 14th. MKM Partners upgraded shares of JetBlue Airways from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Monday, April 11th. Wolfe Research cut JetBlue Airways from a “peer perform” rating to an “underperform” rating in a research report on Tuesday, April 12th. Zacks Investment Research raised JetBlue Airways from a “sell” rating to a “hold” rating and set a $17.00 target price for the company in a report on Friday, February 11th. Finally, StockNews.com initiated coverage on JetBlue Airways in a report on Thursday, March 31st. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $17.46.

JetBlue Airways stock opened at $11.41 on Friday. JetBlue Airways has a 12 month low of $10.88 and a 12 month high of $20.89. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of -19.67 and a beta of 1.39. The business’s fifty day simple moving average is $13.58 and its two-hundred day simple moving average is $14.28. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.95.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Amundi Pioneer Asset Management Inc. increased its stake in JetBlue Airways by 14.7% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 686,899 shares of the transportation company’s stock worth $11,237,000 after buying an additional 88,089 shares in the last quarter. Morgan Stanley grew its position in shares of JetBlue Airways by 97.7% during the second quarter. Morgan Stanley now owns 3,561,483 shares of the transportation company’s stock worth $59,761,000 after purchasing an additional 1,760,210 shares in the last quarter. AXS Investments LLC bought a new stake in JetBlue Airways during the 3rd quarter valued at approximately $321,000. Cambridge Investment Research Advisors Inc. lifted its holdings in JetBlue Airways by 16.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 56,107 shares of the transportation company’s stock worth $858,000 after purchasing an additional 7,983 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in JetBlue Airways by 10.5% in the 3rd quarter. Raymond James & Associates now owns 96,119 shares of the transportation company’s stock worth $1,470,000 after purchasing an additional 9,104 shares during the period. Institutional investors and hedge funds own 76.69% of the company’s stock.

About JetBlue Airways (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.

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