JetBlue Airways (JBLU) Expected to Announce Quarterly Earnings on Tuesday

JetBlue Airways (NASDAQ:JBLU - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, April 29th. Analysts expect the company to announce earnings of ($0.60) per share and revenue of $2.17 billion for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, beating 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 posted ($0.19) EPS. 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 Trading Up 7.3 %

Shares of NASDAQ:JBLU traded up $0.25 during mid-day trading on Friday, reaching $3.67. 42,433,896 shares of the company were exchanged, compared to its average volume of 18,616,114. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -1.57 and a beta of 1.69. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. JetBlue Airways has a 1 year low of $3.34 and a 1 year high of $8.31. The firm's 50-day simple moving average is $5.43 and its 200 day simple moving average is $6.40.

Insider Buying and Selling at JetBlue Airways

In related news, Director Nik Mittal purchased 100,000 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were bought at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the completion of the purchase, 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Ursula L. Hurley sold 15,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the transaction, the chief financial officer now owns 41,833 shares of the company's stock, valued at approximately $313,747.50. The trade was a 26.39 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Raymond James upgraded JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 price objective on the stock in a report on Monday, April 7th. Susquehanna cut their price target on shares of JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Bank of America lowered their price objective on shares of JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating for the company in a research note on Thursday, April 3rd. Barclays cut their target price on shares of JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Citigroup reduced their target price on shares of JetBlue Airways from $7.15 to $4.25 and set a "neutral" rating on the stock in a report on Friday, April 11th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $5.17.

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.