$1.88 Billion in Sales Expected for JetBlue Airways Corporation (JBLU) This Quarter

Analysts forecast that JetBlue Airways Corporation (NASDAQ:JBLU) will post sales of $1.88 billion for the current quarter, Zacks reports. Five analysts have issued estimates for JetBlue Airways Corporation’s earnings. The highest sales estimate is $1.89 billion and the lowest is $1.87 billion. JetBlue Airways Corporation posted sales of $1.73 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 8.7%. The business is expected to report its next quarterly earnings report on Tuesday, October 24th.

According to Zacks, analysts expect that JetBlue Airways Corporation will report full-year sales of $1.88 billion for the current financial year, with estimates ranging from $7.07 billion to $7.14 billion. For the next financial year, analysts anticipate that the business will post sales of $7.71 billion per share, with estimates ranging from $7.53 billion to $7.88 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover JetBlue Airways Corporation.

JetBlue Airways Corporation (NASDAQ:JBLU) last posted its earnings results on Tuesday, July 25th. The transportation company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.75%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 earnings per share.

JBLU has been the subject of several recent analyst reports. Bank of America Corporation boosted their price objective on JetBlue Airways Corporation from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, June 30th. Buckingham Research lowered JetBlue Airways Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $28.00 to $24.00 in a report on Wednesday, July 26th. Cowen and Company reissued a “hold” rating on shares of JetBlue Airways Corporation in a report on Friday, September 1st. BidaskClub lowered JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, Vetr lowered JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating and set a $25.22 price objective for the company. in a report on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. JetBlue Airways Corporation currently has an average rating of “Hold” and a consensus target price of $25.32.

In other JetBlue Airways Corporation news, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $22.87, for a total value of $45,740.00. Following the completion of the sale, the chief executive officer now owns 408,362 shares in the company, valued at $9,339,238.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $23.13, for a total value of $118,425.60. Following the completion of the sale, the director now owns 560,182 shares of the company’s stock, valued at approximately $12,957,009.66. The disclosure for this sale can be found here. Insiders sold 34,360 shares of company stock valued at $750,850 in the last quarter. Corporate insiders own 0.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Soros Fund Management LLC bought a new stake in JetBlue Airways Corporation in the first quarter valued at approximately $200,000. Cambridge Investment Research Advisors Inc. lifted its position in JetBlue Airways Corporation by 8.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,357 shares of the transportation company’s stock valued at $626,000 after purchasing an additional 2,442 shares during the last quarter. Prudential Financial Inc. lifted its position in JetBlue Airways Corporation by 135.1% in the second quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock valued at $56,048,000 after purchasing an additional 1,410,594 shares during the last quarter. Russell Investments Group Ltd. lifted its position in JetBlue Airways Corporation by 39.1% in the second quarter. Russell Investments Group Ltd. now owns 170,853 shares of the transportation company’s stock valued at $3,906,000 after purchasing an additional 48,067 shares during the last quarter. Finally, Cibc World Markets Corp bought a new stake in JetBlue Airways Corporation in the first quarter valued at approximately $11,480,000. Hedge funds and other institutional investors own 84.53% of the company’s stock.

JetBlue Airways Corporation (NASDAQ JBLU) traded up 2.47% on Tuesday, hitting $18.70. 13,198,474 shares of the stock were exchanged. The company has a 50-day moving average price of $20.94 and a 200-day moving average price of $21.43. JetBlue Airways Corporation has a 52-week low of $15.86 and a 52-week high of $24.13. The firm has a market cap of $6.15 billion, a PE ratio of 9.49 and a beta of 0.59.

ILLEGAL ACTIVITY NOTICE: This article was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another website, it was illegally stolen and republished in violation of international copyright and trademark laws. The legal version of this article can be read at https://ledgergazette.com/2017/09/23/1-88-billion-in-sales-expected-for-jetblue-airways-corporation-jblu-this-quarter.html.

About JetBlue Airways Corporation

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

Get a free copy of the Zacks research report on JetBlue Airways Corporation (JBLU)

According to Zacks, analysts expect that JetBlue Airways Corporation will report full-year sales of $1.88 billion for the current financial year, with estimates ranging from $7.07 billion to $7.14 billion. For the next financial year, analysts anticipate that the business will post sales of $7.71 billion per share, with estimates ranging from $7.53 billion to $7.88 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover JetBlue Airways Corporation.

JetBlue Airways Corporation (NASDAQ:JBLU) last posted its earnings results on Tuesday, July 25th. The transportation company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.75%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 earnings per share.

JBLU has been the subject of several recent analyst reports. Bank of America Corporation boosted their price objective on JetBlue Airways Corporation from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, June 30th. Buckingham Research lowered JetBlue Airways Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $28.00 to $24.00 in a report on Wednesday, July 26th. Cowen and Company reissued a “hold” rating on shares of JetBlue Airways Corporation in a report on Friday, September 1st. BidaskClub lowered JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, Vetr lowered JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating and set a $25.22 price objective for the company. in a report on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. JetBlue Airways Corporation currently has an average rating of “Hold” and a consensus target price of $25.32.

In other JetBlue Airways Corporation news, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $22.87, for a total value of $45,740.00. Following the completion of the sale, the chief executive officer now owns 408,362 shares in the company, valued at $9,339,238.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $23.13, for a total value of $118,425.60. Following the completion of the sale, the director now owns 560,182 shares of the company’s stock, valued at approximately $12,957,009.66. The disclosure for this sale can be found here. Insiders sold 34,360 shares of company stock valued at $750,850 in the last quarter. Corporate insiders own 0.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Soros Fund Management LLC bought a new stake in JetBlue Airways Corporation in the first quarter valued at approximately $200,000. Cambridge Investment Research Advisors Inc. lifted its position in JetBlue Airways Corporation by 8.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,357 shares of the transportation company’s stock valued at $626,000 after purchasing an additional 2,442 shares during the last quarter. Prudential Financial Inc. lifted its position in JetBlue Airways Corporation by 135.1% in the second quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock valued at $56,048,000 after purchasing an additional 1,410,594 shares during the last quarter. Russell Investments Group Ltd. lifted its position in JetBlue Airways Corporation by 39.1% in the second quarter. Russell Investments Group Ltd. now owns 170,853 shares of the transportation company’s stock valued at $3,906,000 after purchasing an additional 48,067 shares during the last quarter. Finally, Cibc World Markets Corp bought a new stake in JetBlue Airways Corporation in the first quarter valued at approximately $11,480,000. Hedge funds and other institutional investors own 84.53% of the company’s stock.

JetBlue Airways Corporation (NASDAQ JBLU) traded up 2.47% on Tuesday, hitting $18.70. 13,198,474 shares of the stock were exchanged. The company has a 50-day moving average price of $20.94 and a 200-day moving average price of $21.43. JetBlue Airways Corporation has a 52-week low of $15.86 and a 52-week high of $24.13. The firm has a market cap of $6.15 billion, a PE ratio of 9.49 and a beta of 0.59.

ILLEGAL ACTIVITY NOTICE: This article was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another website, it was illegally stolen and republished in violation of international copyright and trademark laws. The legal version of this article can be read at https://ledgergazette.com/2017/09/23/1-88-billion-in-sales-expected-for-jetblue-airways-corporation-jblu-this-quarter.html.

About JetBlue Airways Corporation

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

Get a free copy of the Zacks research report on JetBlue Airways Corporation (JBLU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for JetBlue Airways Corporation (NASDAQ:JBLU)

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