Q2 2024 EPS Estimates for JetBlue Airways Co. Decreased by Seaport Res Ptn (NASDAQ:JBLU)

JetBlue Airways Co. (NASDAQ:JBLU - Free Report) - Equities research analysts at Seaport Res Ptn decreased their Q2 2024 earnings per share (EPS) estimates for shares of JetBlue Airways in a note issued to investors on Monday, April 8th. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will earn $0.04 per share for the quarter, down from their previous forecast of $0.05. The consensus estimate for JetBlue Airways' current full-year earnings is ($0.69) per share.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its earnings results on Tuesday, January 30th. The transportation company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.29) by $0.10. JetBlue Airways had a negative return on equity of 4.41% and a negative net margin of 3.23%. The business had revenue of $2.33 billion during the quarter, compared to analysts' expectations of $2.29 billion. During the same period in the prior year, the firm posted $0.22 EPS. JetBlue Airways's quarterly revenue was down 3.7% compared to the same quarter last year.

Other equities research analysts have also issued reports about the company. UBS Group started coverage on JetBlue Airways in a research report on Wednesday, March 20th. They set a "sell" rating and a $5.00 price target on the stock. Deutsche Bank Aktiengesellschaft upgraded JetBlue Airways from a "hold" rating to a "buy" rating and increased their price target for the stock from $4.00 to $9.00 in a research report on Tuesday, February 20th. Barclays started coverage on JetBlue Airways in a research report on Wednesday, March 27th. They set an "underweight" rating and a $6.00 price target on the stock. Bank of America lowered JetBlue Airways from a "neutral" rating to an "underperform" rating and decreased their price target for the stock from $6.00 to $3.00 in a research report on Tuesday, January 9th. Finally, Susquehanna increased their price objective on JetBlue Airways from $5.00 to $6.00 and gave the company a "neutral" rating in a research report on Tuesday. Six investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $5.75.

JetBlue Airways Price Performance

Shares of JBLU traded down $0.26 during mid-day trading on Wednesday, reaching $6.83. The company had a trading volume of 10,081,644 shares, compared to its average volume of 16,783,549. JetBlue Airways has a twelve month low of $3.42 and a twelve month high of $9.45. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.60 and a quick ratio of 0.57. The company's 50-day moving average is $6.75 and its 200-day moving average is $5.49. The company has a market capitalization of $2.32 billion, a P/E ratio of -7.27 and a beta of 1.86.

Institutional Trading of JetBlue Airways

Hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors raised its stake in shares of JetBlue Airways by 20.9% in the 1st quarter. Captrust Financial Advisors now owns 7,887 shares of the transportation company's stock valued at $118,000 after purchasing an additional 1,365 shares during the period. Retirement Systems of Alabama grew its holdings in JetBlue Airways by 0.3% during the third quarter. Retirement Systems of Alabama now owns 423,984 shares of the transportation company's stock worth $2,811,000 after purchasing an additional 1,400 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of JetBlue Airways by 1.0% during the third quarter. Public Employees Retirement System of Ohio now owns 174,399 shares of the transportation company's stock worth $1,156,000 after acquiring an additional 1,811 shares during the period. Versant Capital Management Inc boosted its holdings in shares of JetBlue Airways by 41.3% during the fourth quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company's stock worth $35,000 after acquiring an additional 1,861 shares during the period. Finally, Natixis Advisors L.P. boosted its holdings in shares of JetBlue Airways by 10.2% during the first quarter. Natixis Advisors L.P. now owns 20,552 shares of the transportation company's stock worth $307,000 after acquiring an additional 1,902 shares during the period. Institutional investors and hedge funds own 83.71% of the company's stock.

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.