JetBlue Airways (NASDAQ:JBLU) Issues Quarterly Earnings Results, Beats Expectations By $0.21 EPS

JetBlue Airways (NASDAQ:JBLUGet Free Report) posted its earnings results on Tuesday. The transportation company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.21, Zacks reports. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. During the same period in the prior year, the firm posted ($0.19) earnings per share.

JetBlue Airways Stock Up 2.0 %

NASDAQ:JBLU opened at $6.22 on Thursday. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The firm has a market cap of $2.16 billion, a PE ratio of -2.47 and a beta of 1.84. The company has a 50-day moving average of $7.18 and a 200 day moving average of $6.43. JetBlue Airways has a 1-year low of $4.49 and a 1-year high of $8.31.

Wall Street Analysts Forecast Growth

JBLU has been the subject of several analyst reports. Citigroup upped their price objective on JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Evercore ISI upped their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Seaport Res Ptn downgraded shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. UBS Group lowered their price objective on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating on the stock in a research report on Wednesday. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $5.50 target price on shares of JetBlue Airways in a report on Friday, November 15th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, JetBlue Airways presently has a consensus rating of “Hold” and an average target price of $6.69.

Check Out Our Latest Research Report on JBLU

About JetBlue Airways

(Get Free Report)

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.

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Earnings History for JetBlue Airways (NASDAQ:JBLU)

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