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

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

JetBlue Airways Stock Down 3.7 %

Shares of NASDAQ JBLU opened at $5.69 on Thursday. The stock has a fifty day moving average price of $6.91 and a two-hundred day moving average price of $5.65. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 1.32. JetBlue Airways has a 1 year low of $3.42 and a 1 year high of $9.45.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Susquehanna boosted their price target on JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Barclays started coverage on JetBlue Airways in a research note on Wednesday, March 27th. They set an “underweight” rating and a $6.00 price objective on the stock. UBS Group started coverage on JetBlue Airways in a research note on Wednesday, March 20th. They set a “sell” rating and a $5.00 price objective on the stock. TD Cowen cut their price objective on JetBlue Airways from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut their price objective on JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday. Five analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $5.78.

JetBlue Airways Company Profile

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.