Analysts Anticipate JetBlue Airways Corporation (JBLU) Will Post Quarterly Sales of $1.83 Billion

Brokerages expect JetBlue Airways Corporation (NASDAQ:JBLU) to announce sales of $1.83 billion for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for JetBlue Airways Corporation’s earnings, with the lowest sales estimate coming in at $1.80 billion and the highest estimate coming in at $1.87 billion. JetBlue Airways Corporation posted sales of $1.73 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.8%. The firm is scheduled to announce its next earnings report before the market opens on Tuesday, October 24th.

According to Zacks, analysts expect that JetBlue Airways Corporation will report full year sales of $1.83 billion for the current financial year, with estimates ranging from $6.92 billion to $7.07 billion. For the next fiscal year, analysts anticipate that the business will post sales of $7.63 billion per share, with estimates ranging from $7.47 billion to $7.81 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow JetBlue Airways Corporation.

JetBlue Airways Corporation (NASDAQ:JBLU) last released its earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate 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 revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 EPS.

A number of equities research analysts have weighed in on the company. Bank of America Corporation raised their price target on JetBlue Airways Corporation from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, June 30th. Buckingham Research downgraded JetBlue Airways Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $28.00 to $24.00 in a report on Wednesday, July 26th. Cowen and Company reiterated a “hold” rating on shares of JetBlue Airways Corporation in a report on Friday, September 1st. Zacks Investment Research downgraded JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Finally, Macquarie initiated coverage on JetBlue Airways Corporation in a report on Monday, September 25th. They set a “neutral” rating and a $21.00 price target on the stock. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $25.25.

JetBlue Airways Corporation (NASDAQ JBLU) traded down 0.30% during trading on Thursday, hitting $20.18. The stock had a trading volume of 4,224,275 shares. The stock has a market capitalization of $6.64 billion, a P/E ratio of 10.24 and a beta of 0.59. JetBlue Airways Corporation has a 52 week low of $16.85 and a 52 week high of $24.13. The company has a 50-day moving average of $19.31 and a 200-day moving average of $21.34.

In other JetBlue Airways Corporation news, Director Joel Clinton Peterson sold 5,120 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $22.00, for a total value of $112,640.00. Following the completion of the sale, the director now directly owns 555,062 shares in the company, valued at $12,211,364. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $22.03, for a total transaction of $44,060.00. Following the completion of the sale, the chief executive officer now owns 406,362 shares of the company’s stock, valued at $8,952,154.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,860 shares of company stock worth $646,973. 0.60% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. World Asset Management Inc raised its holdings in shares of JetBlue Airways Corporation by 0.7% during the second quarter. World Asset Management Inc now owns 22,526 shares of the transportation company’s stock worth $514,000 after purchasing an additional 155 shares during the last quarter. M&T Bank Corp increased its holdings in JetBlue Airways Corporation by 0.9% in the second quarter. M&T Bank Corp now owns 19,383 shares of the transportation company’s stock valued at $442,000 after buying an additional 181 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in JetBlue Airways Corporation by 2.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,497 shares of the transportation company’s stock valued at $240,000 after buying an additional 283 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in JetBlue Airways Corporation by 2.8% in the second quarter. Cubist Systematic Strategies LLC now owns 11,310 shares of the transportation company’s stock valued at $258,000 after buying an additional 310 shares in the last quarter. Finally, Capstone Asset Management Co. increased its holdings in JetBlue Airways Corporation by 1.1% in the second quarter. Capstone Asset Management Co. now owns 33,135 shares of the transportation company’s stock valued at $756,000 after buying an additional 360 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

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

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