JetBlue Airways Corporation (NASDAQ:JBLU) – Analysts at Imperial Capital dropped their Q4 2017 earnings per share (EPS) estimates for shares of JetBlue Airways Corporation in a research note issued to investors on Wednesday, according to Zacks Investment Research. Imperial Capital analyst M. Derchin now expects that the transportation company will post earnings per share of $0.31 for the quarter, down from their prior forecast of $0.34. Imperial Capital has a “Buy” rating and a $31.00 price target on the stock. Imperial Capital also issued estimates for JetBlue Airways Corporation’s Q1 2018 earnings at $0.24 EPS, Q2 2018 earnings at $0.59 EPS, Q3 2018 earnings at $0.63 EPS and Q4 2018 earnings at $0.55 EPS.
JetBlue Airways Corporation (NASDAQ:JBLU) last issued its earnings results on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. JetBlue Airways Corporation had a return on equity of 15.95% and a net margin of 9.38%. JetBlue Airways Corporation’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.58 earnings per share.
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A number of other equities research analysts have also commented on JBLU. BidaskClub lowered JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Zacks Investment Research lowered JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. J P Morgan Chase & Co lowered JetBlue Airways Corporation from an “overweight” rating to a “neutral” rating and set a $22.00 target price on the stock. in a research report on Wednesday, November 1st. Cowen and Company restated a “hold” rating on shares of JetBlue Airways Corporation in a research report on Friday, September 1st. Finally, Macquarie began coverage on JetBlue Airways Corporation in a research report on Monday, September 25th. They issued a “neutral” rating and a $21.00 price objective on the stock. Three analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $25.02.
Shares of JetBlue Airways Corporation (NASDAQ JBLU) opened at $18.99 on Thursday. The company has a market capitalization of $6,037.78, a P/E ratio of 9.71 and a beta of 0.65. JetBlue Airways Corporation has a 52-week low of $18.05 and a 52-week high of $24.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56.
In other news, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $18.45, for a total transaction of $94,464.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robin Hayes sold 2,000 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $19.89, for a total value of $39,780.00. Following the completion of the transaction, the chief executive officer now directly owns 404,362 shares of the company’s stock, valued at $8,042,760.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,860 shares of company stock valued at $474,419. Corporate insiders own 0.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of JBLU. CENTRAL TRUST Co acquired a new position in JetBlue Airways Corporation in the 2nd quarter valued at $162,000. IFP Advisors Inc raised its stake in JetBlue Airways Corporation by 38.1% in the 2nd quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock valued at $175,000 after purchasing an additional 2,117 shares during the last quarter. Capital Management Associates NY acquired a new position in JetBlue Airways Corporation in the 2nd quarter valued at $203,000. Investment Centers of America Inc. acquired a new position in JetBlue Airways Corporation in the 2nd quarter valued at $205,000. Finally, Lincoln National Corp acquired a new position in JetBlue Airways Corporation in the 2nd quarter valued at $210,000. 85.38% of the stock is owned by hedge funds and other institutional investors.
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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