Q2 2024 EPS Estimates for JetBlue Airways Co. (NASDAQ:JBLU) Decreased by Seaport Res Ptn

JetBlue Airways Co. (NASDAQ:JBLU) – Stock analysts at Seaport Res Ptn dropped their Q2 2024 EPS estimates for JetBlue Airways in a research report issued on Wednesday, April 24th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings per share of ($0.20) for the quarter, down from their previous estimate of $0.04. The consensus estimate for JetBlue Airways’ current full-year earnings is ($0.72) per share. Seaport Res Ptn also issued estimates for JetBlue Airways’ Q3 2024 earnings at ($0.30) EPS, Q4 2024 earnings at ($0.10) EPS and FY2024 earnings at ($1.04) EPS.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($0.43) EPS for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10. JetBlue Airways had a negative net margin of 8.79% and a negative return on equity of 5.38%. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period in the previous year, the business posted ($0.34) earnings per share. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year.

A number of other research firms have also recently commented on JBLU. Susquehanna lifted their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. UBS Group assumed coverage on shares of JetBlue Airways in a research report on Wednesday, March 20th. They set a “sell” rating and a $5.00 price objective for the company. Bank of America downgraded JetBlue Airways from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $6.00 to $3.00 in a report on Tuesday, January 9th. Evercore ISI lifted their target price on JetBlue Airways from $5.00 to $8.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Finally, JPMorgan Chase & Co. dropped their target price on JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, JetBlue Airways currently has an average rating of “Hold” and a consensus price target of $5.78.

JetBlue Airways Trading Up 1.0 %

JBLU stock opened at $5.78 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.60 and a quick ratio of 0.57. The company has a fifty day moving average price of $6.86 and a two-hundred day moving average price of $5.66. JetBlue Airways has a one year low of $3.42 and a one year high of $9.45. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of -2.34 and a beta of 1.86.

Institutional Investors Weigh In On JetBlue Airways

Several institutional investors and hedge funds have recently bought and sold shares of JBLU. CWM LLC lifted its position in JetBlue Airways by 458.5% during the third quarter. CWM LLC now owns 26,836 shares of the transportation company’s stock worth $123,000 after purchasing an additional 22,031 shares during the period. SG Americas Securities LLC lifted its position in JetBlue Airways by 57.7% during the third quarter. SG Americas Securities LLC now owns 351,648 shares of the transportation company’s stock worth $1,618,000 after purchasing an additional 128,716 shares during the period. State of Alaska Department of Revenue lifted its position in JetBlue Airways by 410.6% during the third quarter. State of Alaska Department of Revenue now owns 207,484 shares of the transportation company’s stock worth $954,000 after purchasing an additional 166,847 shares during the period. Handelsbanken Fonder AB lifted its position in JetBlue Airways by 19.2% during the third quarter. Handelsbanken Fonder AB now owns 48,400 shares of the transportation company’s stock worth $223,000 after purchasing an additional 7,800 shares during the period. Finally, Maryland State Retirement & Pension System bought a new stake in JetBlue Airways during the third quarter worth about $565,000. Institutional investors own 83.71% of the company’s stock.

About JetBlue Airways

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.