JetBlue Airways (JBLU) Set to Announce Quarterly Earnings on Tuesday

JetBlue Airways (NASDAQ:JBLU) is set to post its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect JetBlue Airways to post earnings of ($0.53) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, January 30th. The transportation company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.10. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.29 billion. JetBlue Airways had a negative net margin of 3.23% and a negative return on equity of 4.41%. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 earnings per share. On average, analysts expect JetBlue Airways to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

JetBlue Airways Stock Performance

Shares of NASDAQ JBLU opened at $6.79 on Tuesday. The firm has a 50 day moving average of $6.85 and a 200 day moving average of $5.56. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of -7.22 and a beta of 1.86. JetBlue Airways has a 12-month low of $3.42 and a 12-month high of $9.45.

Wall Street Analyst Weigh In

JBLU has been the topic of several analyst reports. Evercore ISI lifted their price target on shares of JetBlue Airways from $5.00 to $8.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Bank of America downgraded shares of JetBlue Airways from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $6.00 to $3.00 in a report on Tuesday, January 9th. UBS Group initiated coverage on shares of JetBlue Airways in a report on Wednesday, March 20th. They set a “sell” rating and a $5.00 price target on the stock. Susquehanna lifted their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Finally, Barclays started coverage on shares of JetBlue Airways in a report on Wednesday, March 27th. They set an “underweight” rating and a $6.00 price target on the stock. Six analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $5.75.

Institutional Investors Weigh In On JetBlue Airways

Several large investors have recently bought and sold shares of the business. Quarry LP bought a new position in JetBlue Airways during the first quarter valued at $32,000. Neo Ivy Capital Management bought a new position in JetBlue Airways during the second quarter valued at $33,000. Compass Wealth Management LLC bought a new position in JetBlue Airways during the fourth quarter valued at $35,000. Cresset Asset Management LLC bought a new position in JetBlue Airways during the fourth quarter valued at $64,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of JetBlue Airways in the first quarter worth about $77,000. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Company Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.