-$0.05 EPS Expected for JetBlue Airways Co. (NASDAQ:JBLU) This Quarter

Equities research analysts expect that JetBlue Airways Co. (NASDAQ:JBLUGet Rating) will post earnings per share of ($0.05) for the current quarter, Zacks reports. Five analysts have issued estimates for JetBlue Airways’ earnings. The highest EPS estimate is $0.06 and the lowest is ($0.10). JetBlue Airways posted earnings of ($0.64) per share in the same quarter last year, which suggests a positive year over year growth rate of 92.2%. The firm is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that JetBlue Airways will report full year earnings of ($0.33) per share for the current financial year, with EPS estimates ranging from ($0.70) to $0.32. For the next financial year, analysts forecast that the firm will post earnings of $1.63 per share, with EPS estimates ranging from $0.70 to $2.07. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for JetBlue Airways.

JetBlue Airways (NASDAQ:JBLUGet Rating) last announced its earnings results on Tuesday, April 26th. The transportation company reported ($0.80) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.85) by $0.05. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.74 billion. JetBlue Airways had a negative net margin of 2.70% and a negative return on equity of 16.23%. The company’s revenue for the quarter was up 136.8% compared to the same quarter last year. During the same period last year, the firm posted ($1.48) earnings per share.

A number of equities analysts recently weighed in on JBLU shares. Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a “buy” rating to a “hold” rating and lowered their price objective for the company from $21.00 to $16.00 in a research report on Friday, April 22nd. TheStreet lowered shares of JetBlue Airways from a “c-” rating to a “d+” rating in a research report on Thursday, May 12th. MKM Partners upgraded shares of JetBlue Airways from a “neutral” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Monday, April 11th. Zacks Investment Research upgraded shares of JetBlue Airways from a “sell” rating to a “hold” rating and set a $17.00 price objective on the stock in a research report on Friday, February 11th. Finally, StockNews.com began coverage on JetBlue Airways in a report on Thursday, March 31st. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, JetBlue Airways currently has an average rating of “Hold” and a consensus target price of $17.46.

Shares of JBLU traded up $0.63 during mid-day trading on Tuesday, reaching $10.08. 150,956 shares of the company’s stock were exchanged, compared to its average volume of 11,986,154. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.81 and a quick ratio of 0.80. The stock has a market capitalization of $3.23 billion, a PE ratio of -17.08 and a beta of 1.48. The business’s fifty day simple moving average is $12.67 and its 200-day simple moving average is $13.90. JetBlue Airways has a 52-week low of $9.22 and a 52-week high of $20.89.

Hedge funds have recently made changes to their positions in the stock. Zullo Investment Group Inc. acquired a new position in JetBlue Airways in the 4th quarter valued at about $27,000. Sandy Cove Advisors LLC acquired a new position in JetBlue Airways in the 4th quarter valued at about $30,000. Geneos Wealth Management Inc. raised its stake in JetBlue Airways by 148.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,093 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 1,250 shares during the last quarter. Herold Advisors Inc. acquired a new position in JetBlue Airways in the 1st quarter valued at about $31,000. Finally, UMB Bank N A MO acquired a new position in JetBlue Airways in the 4th quarter valued at about $32,000. 78.26% of the stock is owned by hedge funds and other institutional investors.

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.

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