JetBlue Airways Corporation (NASDAQ:JBLU) announced its earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08, Morningstar.com reports. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS.
Shares of JetBlue Airways Corporation (NASDAQ JBLU) traded down 0.65% during mid-day trading on Friday, reaching $21.32. The company’s stock had a trading volume of 3,428,650 shares. JetBlue Airways Corporation has a one year low of $15.70 and a one year high of $24.13. The firm’s 50 day moving average is $22.65 and its 200 day moving average is $21.42. The firm has a market cap of $7.01 billion, a PE ratio of 10.82 and a beta of 0.53.
A number of equities analysts have recently issued reports on JBLU shares. Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 price objective on shares of JetBlue Airways Corporation in a report on Friday, May 26th. Vetr cut JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating and set a $24.64 price objective for the company. in a report on Tuesday, April 25th. BidaskClub cut JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Zacks Investment Research upgraded JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday, July 12th. Finally, Morgan Stanley restated an “equal weight” rating on shares of JetBlue Airways Corporation in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $25.69.
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In other news, EVP James G. Hnat sold 6,000 shares of JetBlue Airways Corporation stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $21.98, for a total transaction of $131,880.00. Following the completion of the sale, the executive vice president now directly owns 25,992 shares of the company’s stock, valued at approximately $571,304.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP James G. Hnat sold 5,000 shares of JetBlue Airways Corporation stock in a transaction on Monday, June 12th. The stock was sold at an average price of $22.77, for a total transaction of $113,850.00. Following the sale, the executive vice president now owns 31,764 shares in the company, valued at $723,266.28. The disclosure for this sale can be found here. Insiders have sold a total of 28,740 shares of company stock valued at $646,976 in the last ninety days. 0.60% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in JetBlue Airways Corporation during the first quarter worth approximately $138,000. Americafirst Capital Management LLC acquired a new position in JetBlue Airways Corporation during the first quarter worth approximately $141,000. CENTRAL TRUST Co acquired a new position in JetBlue Airways Corporation during the second quarter worth approximately $162,000. James Investment Research Inc. acquired a new position in JetBlue Airways Corporation during the first quarter worth approximately $150,000. Finally, Kistler Tiffany Companies LLC acquired a new position in JetBlue Airways Corporation during the first quarter worth approximately $155,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.
About JetBlue Airways Corporation
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.
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