JetBlue Airways Co. (NASDAQ:JBLU) Expected to Post FY2025 Earnings of $0.30 Per Share

JetBlue Airways Co. (NASDAQ:JBLU - Free Report) - Investment analysts at Seaport Res Ptn dropped their FY2025 earnings per share estimates for JetBlue Airways in a research note issued to investors on Monday, April 8th. Seaport Res Ptn analyst D. Mckenzie now anticipates that the transportation company will earn $0.30 per share for the year, down from their previous forecast of $0.33. The consensus estimate for JetBlue Airways' current full-year earnings is ($0.69) per share.

Several other analysts have also issued reports on JBLU. Deutsche Bank Aktiengesellschaft raised JetBlue Airways from a "hold" rating to a "buy" rating and upped their target price for the stock from $4.00 to $9.00 in a research note on Tuesday, February 20th. Susquehanna increased their price objective on JetBlue Airways from $5.00 to $6.00 and gave the company a "neutral" rating in a research note on Tuesday. Bank of America lowered JetBlue Airways from a "neutral" rating to an "underperform" rating and dropped their price objective for the company from $6.00 to $3.00 in a research note on Tuesday, January 9th. UBS Group started coverage on JetBlue Airways in a research note on Wednesday, March 20th. They set a "sell" rating and a $5.00 price objective for the company. Finally, Barclays started coverage on JetBlue Airways in a research note on Wednesday, March 27th. They set an "underweight" rating and a $6.00 price objective for the company. Six analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $5.75.

JetBlue Airways Price Performance

JBLU traded up $0.04 during midday trading on Thursday, hitting $6.87. The stock had a trading volume of 8,387,520 shares, compared to its average volume of 16,663,904. The company has a market cap of $2.34 billion, a P/E ratio of -7.31 and a beta of 1.86. The business has a fifty day moving average of $6.75 and a 200 day moving average of $5.49. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.57 and a current ratio of 0.60. JetBlue Airways has a 1 year low of $3.42 and a 1 year high of $9.45.

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 the consensus estimate of ($0.29) by $0.10. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.29 billion. JetBlue Airways had a negative return on equity of 4.41% and a negative net margin of 3.23%. JetBlue Airways's revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 earnings per share.

Institutional Trading of JetBlue Airways

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in JetBlue Airways by 27.4% in the third quarter. Barclays PLC now owns 424,972 shares of the transportation company's stock worth $1,955,000 after acquiring an additional 91,403 shares during the period. AQR Capital Management LLC lifted its position in JetBlue Airways by 136.3% during the third quarter. AQR Capital Management LLC now owns 2,480,796 shares of the transportation company's stock valued at $11,412,000 after buying an additional 1,431,113 shares during the period. U S Global Investors Inc. lifted its position in JetBlue Airways by 12.4% during the third quarter. U S Global Investors Inc. now owns 7,877,417 shares of the transportation company's stock valued at $36,236,000 after buying an additional 866,863 shares during the period. Citigroup Inc. lifted its position in JetBlue Airways by 9.4% during the third quarter. Citigroup Inc. now owns 377,628 shares of the transportation company's stock valued at $1,737,000 after buying an additional 32,516 shares during the period. Finally, Quantbot Technologies LP lifted its position in JetBlue Airways by 173.7% during the third quarter. Quantbot Technologies LP now owns 162,909 shares of the transportation company's stock valued at $749,000 after buying an additional 103,384 shares during the period. Hedge funds and other institutional investors 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.