JetBlue Airways (JBLU) to Release Earnings on Thursday

JetBlue Airways (NASDAQ:JBLU – Get Rating) is set to release its earnings data before the market opens on Thursday, January 26th. Analysts expect JetBlue Airways to post earnings of $0.19 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

JetBlue Airways (NASDAQ:JBLU – Get Rating) last released its quarterly earnings results on Tuesday, October 25th. The transportation company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.55 billion. JetBlue Airways had a negative return on equity of 12.67% and a negative net margin of 6.00%. The business’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.12) EPS. On average, analysts expect JetBlue Airways to post $-1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

JetBlue Airways Price Performance

NASDAQ JBLU traded down $0.18 during trading hours on Tuesday, reaching $8.47. The company’s stock had a trading volume of 7,612,962 shares, compared to its average volume of 9,095,694. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of -5.33 and a beta of 1.51. JetBlue Airways has a 1-year low of $6.18 and a 1-year high of $16.39. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.67 and a quick ratio of 0.65. The company’s 50-day moving average is $7.47 and its two-hundred day moving average is $7.71.

Wall Street Analyst Weigh In

JBLU has been the subject of a number of research analyst reports. Cowen cut JetBlue Airways from an “outperform” rating to a “market perform” rating and set a $9.00 target price for the company. in a report on Thursday, December 15th. Citigroup initiated coverage on JetBlue Airways in a report on Monday, December 5th. They set a “neutral” rating and a $9.00 target price for the company. Deutsche Bank Aktiengesellschaft reduced their target price on JetBlue Airways from $10.00 to $8.50 in a report on Tuesday, December 20th. StockNews.com raised JetBlue Airways from a “sell” rating to a “hold” rating in a report on Wednesday, October 26th. Finally, Cowen cut JetBlue Airways from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $10.00 to $9.00 in a report on Thursday, December 15th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $10.77.

Institutional Investors Weigh In On JetBlue Airways

A number of large investors have recently made changes to their positions in the stock. Neo Ivy Capital Management purchased a new position in JetBlue Airways in the second quarter worth approximately $33,000. Captrust Financial Advisors grew its position in JetBlue Airways by 20.9% in the first quarter. Captrust Financial Advisors now owns 7,887 shares of the transportation company’s stock worth $118,000 after acquiring an additional 1,365 shares during the period. International Assets Investment Management LLC purchased a new position in JetBlue Airways in the first quarter worth approximately $151,000. Ethic Inc. purchased a new position in JetBlue Airways in the first quarter worth approximately $200,000. Finally, Creative Planning grew its position in JetBlue Airways by 16.9% in the second quarter. Creative Planning now owns 15,703 shares of the transportation company’s stock worth $131,000 after acquiring an additional 2,271 shares during the period. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

About JetBlue Airways

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JetBlue Airways Corp. provides air transportation services. It carries more than 30 million customers a year to 86 cities in the U.S., Caribbean, and Latin America with an average of 850 daily flights. The firm offers flights and tickets to more than 82 destinations, with accommodations such as free TV, free snacks, and the most legroom.