JetBlue Airways (JBLU) to Release Earnings on Thursday

JetBlue Airways (NASDAQ:JBLU – Get Rating) will be releasing its earnings data before the market opens on Thursday, January 26th. Analysts expect JetBlue Airways to post earnings of $0.19 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

JetBlue Airways (NASDAQ:JBLU – Get Rating) last posted its earnings results on Tuesday, October 25th. The transportation company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). JetBlue Airways had a negative return on equity of 12.67% and a negative net margin of 6.00%. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the firm posted ($0.12) EPS. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. On average, analysts expect JetBlue Airways to post $-1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

JetBlue Airways Stock Performance

Shares of NASDAQ JBLU traded down $0.18 during midday trading on Tuesday, reaching $8.47. 7,612,962 shares of the company were exchanged, compared to its average volume of 9,095,694. The company has a current ratio of 0.67, a quick ratio of 0.65 and a debt-to-equity ratio of 0.92. JetBlue Airways has a 1 year low of $6.18 and a 1 year high of $16.39. The stock has a fifty day simple moving average of $7.47 and a 200 day simple moving average of $7.71. The stock has a market cap of $2.74 billion, a P/E ratio of -5.33 and a beta of 1.51.

Institutional Investors Weigh In On JetBlue Airways

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of JetBlue Airways by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 30,459,166 shares of the transportation company’s stock valued at $201,945,000 after acquiring an additional 804,077 shares during the period. State Street Corp lifted its position in shares of JetBlue Airways by 5.7% during the 1st quarter. State Street Corp now owns 9,284,127 shares of the transportation company’s stock valued at $138,798,000 after acquiring an additional 499,600 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of JetBlue Airways by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,124,254 shares of the transportation company’s stock valued at $46,708,000 after acquiring an additional 79,989 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of JetBlue Airways by 98.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,683,172 shares of the transportation company’s stock valued at $22,458,000 after acquiring an additional 1,330,737 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of JetBlue Airways by 26.5% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 1,911,243 shares of the transportation company’s stock valued at $12,673,000 after acquiring an additional 400,772 shares during the period. 66.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on JBLU. Deutsche Bank Aktiengesellschaft lowered their price target on JetBlue Airways from $10.00 to $8.50 in a report on Tuesday, December 20th. Cowen lowered JetBlue Airways from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $10.00 to $9.00 in a report on Thursday, December 15th. Citigroup began coverage on JetBlue Airways in a report on Monday, December 5th. They set a “neutral” rating and a $9.00 price target on the stock. StockNews.com raised JetBlue Airways from a “sell” rating to a “hold” rating in a report on Wednesday, October 26th. Finally, Cowen lowered JetBlue Airways from an “outperform” rating to a “market perform” rating and set a $9.00 price objective on the stock. in a report on Thursday, December 15th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.77.

JetBlue Airways Company Profile

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JetBlue Airways Corp. provides air transportation services. It carries more than 30 million customers a year to 86 cities in the U.S., Caribbean, and Latin America with an average of 850 daily flights. The firm offers flights and tickets to more than 82 destinations, with accommodations such as free TV, free snacks, and the most legroom.