JetBlue Airways Corporation (JBLU) Expected to Post FY2017 Earnings of $2.00 Per Share

JetBlue Airways Corporation (NASDAQ:JBLU) – Equities researchers at Imperial Capital increased their FY2017 earnings per share estimates for shares of JetBlue Airways Corporation in a report released on Wednesday. Imperial Capital analyst M. Derchin now forecasts that the transportation company will earn $2.00 per share for the year, up from their prior estimate of $1.85. Imperial Capital has a “Outperform” rating on the stock. Imperial Capital also issued estimates for JetBlue Airways Corporation’s FY2018 earnings at $2.20 EPS.

JBLU has been the subject of a number of other reports. Stifel Nicolaus reissued a “hold” rating and issued a $23.00 price target on shares of JetBlue Airways Corporation in a report on Friday, May 26th. Vetr downgraded shares of JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating and set a $24.64 price target for the company. in a report on Tuesday, April 25th. Zacks Investment Research raised shares of JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday, July 12th. Morgan Stanley reissued an “equal weight” rating on shares of JetBlue Airways Corporation in a report on Friday, July 14th. Finally, BidaskClub downgraded shares of JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.69.

TRADEMARK VIOLATION NOTICE: “JetBlue Airways Corporation (JBLU) Expected to Post FY2017 Earnings of $2.00 Per Share” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://www.com-unik.info/2017/07/27/jetblue-airways-corporation-jblu-expected-to-post-fy2017-earnings-of-2-00-per-share.html.

JetBlue Airways Corporation (JBLU) opened at 22.07 on Thursday. JetBlue Airways Corporation has a 12-month low of $15.70 and a 12-month high of $24.13. The stock has a market capitalization of $7.36 billion, a P/E ratio of 11.81 and a beta of 0.54. The firm’s 50-day moving average is $22.96 and its 200 day moving average is $21.40. JetBlue Airways Corporation also saw some unusual options trading activity on Monday. Stock investors acquired 9,074 call options on the company. This is an increase of 487% compared to the typical volume of 1,546 call options.

JetBlue Airways Corporation (NASDAQ:JBLU) last posted its earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.08. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.89%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the firm posted $0.53 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis.

In other JetBlue Airways Corporation news, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $21.72, for a total transaction of $111,206.40. Following the sale, the director now owns 563,922 shares in the company, valued at approximately $12,248,385.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP James G. Hnat sold 15,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $21.67, for a total value of $325,050.00. Following the sale, the executive vice president now owns 48,992 shares in the company, valued at approximately $1,061,656.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,740 shares of company stock worth $1,009,482. Corporate insiders own 0.60% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Smith Graham & Co. Investment Advisors LP increased its position in shares of JetBlue Airways Corporation by 5.5% in the first quarter. Smith Graham & Co. Investment Advisors LP now owns 329,800 shares of the transportation company’s stock worth $6,797,000 after buying an additional 17,140 shares in the last quarter. Palisade Capital Management LLC NJ increased its position in shares of JetBlue Airways Corporation by 15.7% in the first quarter. Palisade Capital Management LLC NJ now owns 29,500 shares of the transportation company’s stock worth $608,000 after buying an additional 4,000 shares in the last quarter. Gateway Investment Advisers LLC increased its position in shares of JetBlue Airways Corporation by 15.2% in the first quarter. Gateway Investment Advisers LLC now owns 252,703 shares of the transportation company’s stock worth $5,208,000 after buying an additional 33,274 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of JetBlue Airways Corporation by 6.4% in the first quarter. Louisiana State Employees Retirement System now owns 85,100 shares of the transportation company’s stock worth $1,754,000 after buying an additional 5,100 shares in the last quarter. Finally, Americafirst Capital Management LLC acquired a new position in shares of JetBlue Airways Corporation during the first quarter worth $141,000. Institutional investors own 84.16% of the company’s stock.

JetBlue Airways Corporation Company Profile

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

Earnings History and Estimates for JetBlue Airways Corporation (NASDAQ:JBLU)

What are top analysts saying about JetBlue Airways Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for JetBlue Airways Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit