JetBlue Airways (NASDAQ:JBLU) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

JetBlue Airways (NASDAQ:JBLU) announced its quarterly earnings data on Tuesday. The transportation company reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.53) by $0.10, Briefing.com reports. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. JetBlue Airways had a negative net margin of 8.79% and a negative return on equity of 5.38%. The company’s revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.34) EPS. JetBlue Airways updated its Q2 2024 guidance to EPS.

JetBlue Airways Price Performance

NASDAQ JBLU opened at $5.91 on Thursday. The company’s fifty day simple moving average is $6.91 and its 200-day simple moving average is $5.65. JetBlue Airways has a 52 week low of $3.42 and a 52 week high of $9.45. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.60 and a quick ratio of 0.57.

Analyst Ratings Changes

Several brokerages have recently weighed in on JBLU. Evercore ISI increased their price objective on shares of JetBlue Airways from $5.00 to $8.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Barclays started coverage on shares of JetBlue Airways in a report on Wednesday, March 27th. They set an “underweight” rating and a $6.00 price objective on the stock. JPMorgan Chase & Co. cut their price target on shares of JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday. Bank of America cut shares of JetBlue Airways from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $6.00 to $3.00 in a research report on Tuesday, January 9th. Finally, Susquehanna lifted their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, JetBlue Airways has an average rating of “Hold” and an average price target of $5.78.

About JetBlue Airways

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.