Equities analysts forecast that JetBlue Airways Corporation (NASDAQ:JBLU) will post sales of $1.80 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for JetBlue Airways Corporation’s earnings, with the highest sales estimate coming in at $1.81 billion and the lowest estimate coming in at $1.78 billion. JetBlue Airways Corporation reported sales of $1.64 billion during the same quarter last year, which indicates a positive year over year growth rate of 9.8%. The company is scheduled to report its next quarterly earnings results on Tuesday, July 25th.
According to Zacks, analysts expect that JetBlue Airways Corporation will report full-year sales of $1.80 billion for the current year, with estimates ranging from $7.03 billion to $7.14 billion. For the next year, analysts forecast that the company will post sales of $7.72 billion per share, with estimates ranging from $7.55 billion to $7.92 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover JetBlue Airways Corporation.
JetBlue Airways Corporation (NASDAQ:JBLU) last issued its earnings results on Tuesday, April 25th. The transportation company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.62 billion. JetBlue Airways Corporation had a return on equity of 16.42% and a net margin of 9.61%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the business posted $0.61 EPS.
A number of equities analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of JetBlue Airways Corporation from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Vetr raised shares of JetBlue Airways Corporation from a “buy” rating to a “strong-buy” rating and set a $25.22 price target for the company in a research note on Wednesday, May 31st. Stifel Nicolaus reissued a “hold” rating and issued a $23.00 price target on shares of JetBlue Airways Corporation in a research note on Friday, May 26th. Imperial Capital reissued an “outperform” rating on shares of JetBlue Airways Corporation in a research note on Friday, May 19th. Finally, Cowen and Company increased their price target on shares of JetBlue Airways Corporation from $23.00 to $24.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $24.82.
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In other JetBlue Airways Corporation news, Director Joel Clinton Peterson sold 5,120 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $20.48, for a total transaction of $104,857.60. Following the completion of the transaction, the director now owns 569,042 shares of the company’s stock, valued at $11,653,980.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James G. Hnat sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $21.67, for a total transaction of $325,050.00. Following the transaction, the executive vice president now directly owns 48,992 shares of the company’s stock, valued at approximately $1,061,656.64. The disclosure for this sale can be found here. Insiders have sold 39,740 shares of company stock valued at $854,764 in the last ninety days. Insiders own 0.60% of the company’s stock.
Several institutional investors have recently made changes to their positions in JBLU. Menora Mivtachim Holdings LTD. acquired a new position in shares of JetBlue Airways Corporation during the fourth quarter worth $117,000. Quantbot Technologies LP acquired a new position in shares of JetBlue Airways Corporation during the first quarter worth $138,000. Americafirst Capital Management LLC acquired a new position in shares of JetBlue Airways Corporation during the first quarter worth $141,000. James Investment Research Inc. acquired a new position in shares of JetBlue Airways Corporation during the first quarter worth $150,000. Finally, Kistler Tiffany Companies LLC acquired a new position in shares of JetBlue Airways Corporation during the first quarter worth $155,000. 84.92% of the stock is owned by institutional investors and hedge funds.
About JetBlue Airways Corporation
JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.
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