JetBlue Airways Co. Expected to Post Q1 2019 Earnings of $0.12 Per Share (JBLU)

JetBlue Airways Co. (NASDAQ:JBLU) – Research analysts at Imperial Capital boosted their Q1 2019 earnings per share estimates for shares of JetBlue Airways in a research report issued to clients and investors on Thursday, April 11th. Imperial Capital analyst M. Derchin now expects that the transportation company will post earnings per share of $0.12 for the quarter, up from their prior estimate of $0.08. Imperial Capital has a “Outperform” rating and a $23.00 price objective on the stock. Imperial Capital also issued estimates for JetBlue Airways’ Q3 2019 earnings at $0.68 EPS and Q4 2019 earnings at $0.66 EPS.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of JetBlue Airways from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Wednesday, January 2nd. Barclays downgraded shares of JetBlue Airways from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $27.00 to $20.00 in a report on Monday, March 11th. Credit Suisse Group reaffirmed a “hold” rating and set a $17.00 price target on shares of JetBlue Airways in a report on Thursday, February 7th. Vertical Research started coverage on shares of JetBlue Airways in a report on Monday, February 4th. They set a “hold” rating and a $19.00 price target on the stock. Finally, Cowen reaffirmed a “market perform” rating and set a $19.00 price target on shares of JetBlue Airways in a report on Thursday, April 11th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. JetBlue Airways presently has an average rating of “Hold” and an average target price of $19.68.

Shares of NASDAQ JBLU opened at $16.88 on Monday. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 0.30. The stock has a market cap of $5.08 billion, a PE ratio of 10.89, a P/E/G ratio of 5.72 and a beta of 0.90. JetBlue Airways has a 52-week low of $15.19 and a 52-week high of $20.25.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Thursday, January 24th. The transportation company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.07. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.95 billion. JetBlue Airways had a net margin of 2.44% and a return on equity of 10.92%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.08 EPS.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in JetBlue Airways by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 27,243,830 shares of the transportation company’s stock worth $527,441,000 after acquiring an additional 77,999 shares during the period. Vanguard Group Inc raised its stake in JetBlue Airways by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 27,243,830 shares of the transportation company’s stock worth $527,441,000 after acquiring an additional 77,999 shares during the period. FMR LLC raised its stake in JetBlue Airways by 3.7% during the 4th quarter. FMR LLC now owns 13,553,117 shares of the transportation company’s stock worth $217,663,000 after acquiring an additional 483,608 shares during the period. Donald Smith & CO. Inc. raised its stake in JetBlue Airways by 13.7% during the 4th quarter. Donald Smith & CO. Inc. now owns 9,605,716 shares of the transportation company’s stock worth $154,268,000 after acquiring an additional 1,155,377 shares during the period. Finally, LSV Asset Management raised its stake in JetBlue Airways by 2.1% during the 4th quarter. LSV Asset Management now owns 7,688,277 shares of the transportation company’s stock worth $123,473,000 after acquiring an additional 158,728 shares during the period. Hedge funds and other institutional investors own 91.49% of the company’s stock.

In other news, CEO Robin Hayes sold 2,500 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $15.92, for a total value of $39,800.00. Following the transaction, the chief executive officer now owns 455,576 shares in the company, valued at approximately $7,252,769.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 7,500 shares of company stock worth $127,275 in the last quarter. Company insiders own 0.63% of the company’s stock.

JetBlue Airways Company Profile

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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