JetBlue Airways (JBLU) to Release Quarterly Earnings on Tuesday

JetBlue Airways (NASDAQ:JBLU) is expected to be posting its quarterly earnings results before the market opens on Tuesday, April 22nd. Analysts expect JetBlue Airways to post earnings of ($0.60) per share and revenue of $2.17 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. During the same period in the prior year, the business earned ($0.19) earnings per share. On average, analysts expect JetBlue Airways to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

JetBlue Airways Stock Down 0.3 %

Shares of NASDAQ JBLU opened at $3.70 on Tuesday. JetBlue Airways has a 12-month low of $3.47 and a 12-month high of $8.31. The stock’s fifty day simple moving average is $5.66 and its two-hundred day simple moving average is $6.48. The stock has a market capitalization of $1.31 billion, a PE ratio of -1.58 and a beta of 1.69. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Susquehanna cut their target price on JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Citigroup cut their price objective on shares of JetBlue Airways from $7.15 to $4.25 and set a “neutral” rating on the stock in a research report on Friday. Barclays decreased their target price on shares of JetBlue Airways from $7.00 to $4.00 and set an “underweight” rating for the company in a research report on Tuesday, April 8th. UBS Group cut their price target on shares of JetBlue Airways from $5.00 to $3.00 and set a “sell” rating on the stock in a report on Monday, April 7th. Finally, Seaport Res Ptn lowered JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, JetBlue Airways presently has a consensus rating of “Hold” and an average target price of $5.17.

Insider Activity at JetBlue Airways

In other JetBlue Airways news, Director Nik Mittal bought 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the completion of the transaction, the director now directly owns 116,443 shares of the company’s stock, valued at approximately $714,960.02. This trade represents a 608.16 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Ursula L. Hurley sold 15,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total value of $112,500.00. Following the sale, the chief financial officer now directly owns 41,833 shares in the company, valued at $313,747.50. This represents a 26.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

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.