$1.87 Billion in Sales Expected for JetBlue Airways Co. (JBLU) This Quarter

Brokerages expect JetBlue Airways Co. (NASDAQ:JBLU) to announce $1.87 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for JetBlue Airways’ earnings. The lowest sales estimate is $1.84 billion and the highest is $1.92 billion. JetBlue Airways posted sales of $1.75 billion in the same quarter last year, which would indicate a positive year over year growth rate of 6.9%. The business is expected to report its next earnings results on Tuesday, April 23rd.

According to Zacks, analysts expect that JetBlue Airways will report full year sales of $8.20 billion for the current fiscal year, with estimates ranging from $8.14 billion to $8.40 billion. For the next fiscal year, analysts forecast that the business will post sales of $8.92 billion, with estimates ranging from $8.70 billion to $9.20 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow JetBlue Airways.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Thursday, January 24th. The transportation company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.07. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.95 billion. JetBlue Airways had a net margin of 2.44% and a return on equity of 10.92%. JetBlue Airways’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.08 earnings per share.

A number of brokerages recently issued reports on JBLU. Zacks Investment Research cut shares of JetBlue Airways from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. ValuEngine lowered shares of JetBlue Airways from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. Barclays lowered shares of JetBlue Airways from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $27.00 to $20.00 in a research report on Monday, March 11th. BidaskClub lowered shares of JetBlue Airways from a “buy” rating to a “hold” rating in a research report on Thursday, December 13th. Finally, Credit Suisse Group reissued a “hold” rating and set a $17.00 target price on shares of JetBlue Airways in a research report on Thursday, February 7th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. JetBlue Airways currently has a consensus rating of “Hold” and an average price target of $19.68.

In other JetBlue Airways news, CEO Robin Hayes sold 2,500 shares of the company’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $18.18, for a total transaction of $45,450.00. Following the sale, the chief executive officer now directly owns 429,156 shares of the company’s stock, valued at $7,802,056.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 7,500 shares of company stock worth $125,650 over the last ninety days. Insiders own 0.63% of the company’s stock.

A number of institutional investors have recently modified their holdings of JBLU. Geode Capital Management LLC grew its stake in shares of JetBlue Airways by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 3,681,112 shares of the transportation company’s stock valued at $59,118,000 after purchasing an additional 120,122 shares during the last quarter. Norges Bank acquired a new position in JetBlue Airways in the fourth quarter valued at approximately $34,224,000. Actinver Wealth Management Inc. acquired a new position in JetBlue Airways in the fourth quarter valued at approximately $582,000. FMR LLC lifted its holdings in JetBlue Airways by 3.7% in the fourth quarter. FMR LLC now owns 13,553,117 shares of the transportation company’s stock valued at $217,663,000 after buying an additional 483,608 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in JetBlue Airways by 11.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 593,152 shares of the transportation company’s stock valued at $9,526,000 after buying an additional 61,382 shares during the period. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:JBLU traded up $0.18 during trading hours on Monday, reaching $16.36. The company’s stock had a trading volume of 4,395,259 shares, compared to its average volume of 5,445,008. The stock has a market capitalization of $5.01 billion, a PE ratio of 10.55, a P/E/G ratio of 0.45 and a beta of 0.90. JetBlue Airways has a one year low of $15.19 and a one year high of $20.82. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 0.30.

JetBlue Airways Company Profile

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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