JetBlue Airways (NASDAQ:JBLU) posted its quarterly earnings results on Tuesday, October 23rd. The transportation company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01, MarketWatch Earnings reports. JetBlue Airways had a net margin of 9.27% and a return on equity of 9.66%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the business posted $0.55 EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis.
NASDAQ JBLU opened at $17.86 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.57 and a current ratio of 0.60. JetBlue Airways has a 12 month low of $15.76 and a 12 month high of $23.08. The company has a market capitalization of $5.38 billion, a P/E ratio of 10.44, a price-to-earnings-growth ratio of 1.60 and a beta of 0.65.
In other news, EVP James G. Hnat sold 6,000 shares of JetBlue Airways stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $19.30, for a total value of $115,800.00. Following the transaction, the executive vice president now directly owns 3,437 shares of the company’s stock, valued at $66,334.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robin Hayes sold 2,000 shares of JetBlue Airways stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $19.12, for a total transaction of $38,240.00. Following the completion of the transaction, the chief executive officer now directly owns 436,803 shares in the company, valued at $8,351,673.36. The disclosure for this sale can be found here. 0.63% of the stock is owned by insiders.
Several research analysts have recently commented on JBLU shares. ValuEngine lowered shares of JetBlue Airways from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 10th. Zacks Investment Research upgraded shares of JetBlue Airways from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 11th. Morgan Stanley dropped their price target on shares of JetBlue Airways from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 12th. Imperial Capital restated an “outperform” rating and set a $26.00 price target on shares of JetBlue Airways in a research report on Monday, July 16th. They noted that the move was a valuation call. Finally, Barclays dropped their price target on shares of JetBlue Airways from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, July 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.66.
About JetBlue Airways
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2017, the company operated a fleet of 53 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 101 destinations in 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
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