$1.96 Billion in Sales Expected for JetBlue Airways Co. (JBLU) This Quarter

Wall Street analysts expect that JetBlue Airways Co. (NASDAQ:JBLU) will announce sales of $1.96 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for JetBlue Airways’ earnings, with the lowest sales estimate coming in at $1.96 billion and the highest estimate coming in at $1.97 billion. JetBlue Airways reported sales of $1.76 billion in the same quarter last year, which would suggest a positive year over year growth rate of 11.4%. The company is expected to announce its next quarterly earnings results on Thursday, January 24th.

According to Zacks, analysts expect that JetBlue Airways will report full-year sales of $7.65 billion for the current financial year. For the next year, analysts anticipate that the business will report sales of $8.35 billion, with estimates ranging from $8.24 billion to $8.43 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover JetBlue Airways.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, October 23rd. The transportation company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. JetBlue Airways had a return on equity of 9.66% and a net margin of 9.27%. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the firm posted $0.55 earnings per share. The firm’s quarterly revenue was up 10.5% on a year-over-year basis.

JBLU has been the topic of a number of research reports. Wolfe Research restated an “underperform” rating on shares of JetBlue Airways in a research note on Friday, August 24th. BidaskClub upgraded JetBlue Airways from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. Imperial Capital upped their price target on JetBlue Airways from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, September 27th. Goldman Sachs Group initiated coverage on JetBlue Airways in a research note on Monday, November 12th. They set a “buy” rating and a $24.00 price target on the stock. Finally, Bank of America set a $16.00 price target on JetBlue Airways and gave the stock a “sell” rating in a research note on Wednesday, October 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.56.

JBLU traded down $0.28 during trading hours on Friday, reaching $19.24. The company’s stock had a trading volume of 4,684,000 shares, compared to its average volume of 4,852,742. JetBlue Airways has a fifty-two week low of $15.76 and a fifty-two week high of $23.08. The stock has a market capitalization of $5.95 billion, a PE ratio of 11.31, a P/E/G ratio of 1.75 and a beta of 0.58. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.57 and a current ratio of 0.60.

In other news, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $19.12, for a total transaction of $38,240.00. Following the sale, the chief executive officer now owns 436,803 shares of the company’s stock, valued at $8,351,673.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James G. Hnat sold 6,000 shares of the company’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $19.30, for a total value of $115,800.00. Following the sale, the executive vice president now directly owns 3,437 shares in the company, valued at approximately $66,334.10. The disclosure for this sale can be found here. 0.63% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Flagship Harbor Advisors LLC purchased a new stake in shares of JetBlue Airways during the second quarter worth $147,000. Lincoln National Corp purchased a new stake in shares of JetBlue Airways during the second quarter worth $190,000. Private Advisor Group LLC purchased a new stake in shares of JetBlue Airways during the third quarter worth $255,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of JetBlue Airways during the third quarter worth $272,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of JetBlue Airways during the second quarter worth $281,000. 88.91% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Company Profile

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2017, the company operated a fleet of 53 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 101 destinations in 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

See Also: Bull Market

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

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