JetBlue Airways (JBLU) Set to Announce Quarterly Earnings on Thursday

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

JetBlue Airways (NASDAQ:JBLU – Get Rating) last posted its quarterly earnings data on Tuesday, October 25th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.55 billion. JetBlue Airways had a negative return on equity of 12.67% and a negative net margin of 6.00%. JetBlue Airways’s revenue was up 29.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.12) earnings per share. 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

JBLU opened at $8.47 on Wednesday. The company 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 firm’s fifty day moving average price is $7.47 and its two-hundred day moving average price is $7.71.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. StockNews.com upgraded JetBlue Airways from a “sell” rating to a “hold” rating in a research note on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft lowered their target price on JetBlue Airways from $10.00 to $8.50 in a research note on Tuesday, December 20th. Cowen cut JetBlue Airways from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $10.00 to $9.00 in a research note on Thursday, December 15th. Citigroup began coverage on JetBlue Airways in a research note on Monday, December 5th. They set a “neutral” rating and a $9.00 target price on the stock. Finally, Cowen cut JetBlue Airways from an “outperform” rating to a “market perform” rating and set a $9.00 price objective on the stock. in a research note on Thursday, December 15th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $10.77.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of JBLU. Neo Ivy Capital Management purchased a new position in shares of JetBlue Airways during the second quarter worth about $33,000. Captrust Financial Advisors grew its holdings in shares of JetBlue Airways by 34.3% during the third quarter. Captrust Financial Advisors now owns 15,360 shares of the transportation company’s stock worth $102,000 after purchasing an additional 3,920 shares in the last quarter. International Assets Investment Management LLC boosted its stake in JetBlue Airways by 30.7% in the second quarter. International Assets Investment Management LLC now owns 13,185 shares of the transportation company’s stock worth $110,000 after buying an additional 3,100 shares in the last quarter. Creative Planning boosted its stake 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 buying an additional 2,271 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in JetBlue Airways in the second quarter worth approximately $191,000. Hedge funds and other institutional investors own 66.29% of the company’s stock.

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.