Equities research analysts expect that JetBlue Airways Co. (NASDAQ:JBLU) will report sales of $1.96 billion for the current quarter, Zacks reports. Five analysts have made estimates for JetBlue Airways’ earnings. The highest sales estimate is $1.97 billion and the lowest is $1.96 billion. JetBlue Airways posted sales of $1.76 billion in the same quarter last year, which suggests a positive year over year growth rate of 11.4%. The firm is expected to report its next earnings report on Thursday, January 24th.
According to Zacks, analysts expect that JetBlue Airways will report full year sales of $7.65 billion for the current fiscal year, with estimates ranging from $7.65 billion to $7.66 billion. For the next fiscal year, analysts forecast that the business will post sales of $8.35 billion, with estimates ranging from $8.24 billion to $8.43 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow JetBlue Airways.
JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, October 23rd. The transportation company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. JetBlue Airways had a return on equity of 9.66% and a net margin of 9.27%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the business posted $0.55 earnings per share. JetBlue Airways’s revenue was up 10.5% compared to the same quarter last year.
JBLU has been the subject of several analyst reports. ValuEngine downgraded JetBlue Airways from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 10th. Zacks Investment Research raised JetBlue Airways from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 11th. Morgan Stanley reduced their target price on JetBlue Airways from $22.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday, July 12th. Imperial Capital reaffirmed an “outperform” rating and set a $26.00 target price on shares of JetBlue Airways in a report on Monday, July 16th. They noted that the move was a valuation call. Finally, Barclays reduced their target price on JetBlue Airways from $29.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, July 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. JetBlue Airways presently has a consensus rating of “Hold” and an average price target of $20.66.
In related news, EVP James G. Hnat sold 6,000 shares of the stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $19.30, for a total value of $115,800.00. Following the completion of the sale, the executive vice president now directly owns 3,437 shares of the company’s stock, valued at approximately $66,334.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robin Hayes sold 2,000 shares of the stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $19.12, for a total value of $38,240.00. Following the completion of the sale, the chief executive officer now directly owns 436,803 shares of the company’s stock, valued at $8,351,673.36. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Flagship Harbor Advisors LLC purchased a new stake in JetBlue Airways in the 2nd quarter worth about $147,000. Lincoln National Corp purchased a new stake in JetBlue Airways in the 2nd quarter worth about $190,000. Private Advisor Group LLC acquired a new position in JetBlue Airways in the 3rd quarter worth about $255,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in JetBlue Airways in the 2nd quarter worth about $281,000. Finally, Janus Henderson Group PLC increased its position in JetBlue Airways by 23.1% in the 2nd quarter. Janus Henderson Group PLC now owns 15,728 shares of the transportation company’s stock worth $299,000 after purchasing an additional 2,956 shares during the last quarter. 89.22% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ JBLU opened at $17.86 on Wednesday. JetBlue Airways has a 12 month low of $15.76 and a 12 month high of $23.08. The firm has a market cap of $5.38 billion, a PE ratio of 10.44, a P/E/G ratio of 1.60 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.57.
JetBlue Airways Company Profile
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2017, the company operated a fleet of 53 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 101 destinations in 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
Recommended Story: Retained Earnings
Get a free copy of the Zacks research report on JetBlue Airways (JBLU)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for JetBlue Airways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways and related companies with MarketBeat.com's FREE daily email newsletter.