Brokers Set Expectations for JetBlue Airways Corporation’s Q3 2017 Earnings (JBLU)

JetBlue Airways Corporation (NASDAQ:JBLU) – Equities researchers at Imperial Capital dropped their Q3 2017 EPS estimates for shares of JetBlue Airways Corporation in a note issued to investors on Tuesday. Imperial Capital analyst M. Derchin now forecasts that the transportation company will post earnings of $0.52 per share for the quarter, down from their previous estimate of $0.60. Imperial Capital currently has a “Buy” rating and a $31.00 price target on the stock. Imperial Capital also issued estimates for JetBlue Airways Corporation’s Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.64 EPS and Q4 2018 earnings at $0.50 EPS.

A number of other equities research analysts have also recently weighed in on JBLU. Cowen and Company upped their price target on JetBlue Airways Corporation from $21.00 to $22.00 and gave the stock a “market perform” rating in a report on Thursday, October 12th. BidaskClub lowered JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Zacks Investment Research lowered JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Morgan Stanley reduced their target price on JetBlue Airways Corporation from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 17th. Finally, Macquarie began coverage on JetBlue Airways Corporation in a research note on Monday, September 25th. They issued a “neutral” rating and a $21.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $25.25.

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JetBlue Airways Corporation (NASDAQ:JBLU) opened at 20.07 on Wednesday. The stock has a market cap of $6.60 billion, a P/E ratio of 10.19 and a beta of 0.59. The company’s 50-day moving average price is $19.36 and its 200-day moving average price is $21.32. JetBlue Airways Corporation has a 12 month low of $16.85 and a 12 month high of $24.13.

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

In other JetBlue Airways Corporation news, Director Joel Clinton Peterson sold 5,120 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $22.00, for a total transaction of $112,640.00. Following the transaction, the director now owns 555,062 shares of the company’s stock, valued at approximately $12,211,364. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James G. Hnat sold 6,000 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $21.98, for a total value of $131,880.00. Following the transaction, the executive vice president now directly owns 25,992 shares in the company, valued at approximately $571,304.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,860 shares of company stock worth $646,973. Corporate insiders own 0.60% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. Curbstone Financial Management Corp lifted its stake in shares of JetBlue Airways Corporation by 100.0% during the 3rd quarter. Curbstone Financial Management Corp now owns 45,100 shares of the transportation company’s stock worth $836,000 after purchasing an additional 22,550 shares during the period. Lord Abbett & CO. LLC lifted its stake in shares of JetBlue Airways Corporation by 1.1% during the 2nd quarter. Lord Abbett & CO. LLC now owns 513,100 shares of the transportation company’s stock worth $11,714,000 after purchasing an additional 5,800 shares during the period. Advisory Services Network LLC lifted its stake in shares of JetBlue Airways Corporation by 659.7% during the 2nd quarter. Advisory Services Network LLC now owns 24,744 shares of the transportation company’s stock worth $565,000 after purchasing an additional 21,487 shares during the period. U S Global Investors Inc. lifted its stake in shares of JetBlue Airways Corporation by 62.5% during the 2nd quarter. U S Global Investors Inc. now owns 210,456 shares of the transportation company’s stock worth $4,613,000 after purchasing an additional 80,938 shares during the period. Finally, National Asset Management Inc. lifted its stake in shares of JetBlue Airways Corporation by 9.7% during the 2nd quarter. National Asset Management Inc. now owns 20,120 shares of the transportation company’s stock worth $460,000 after purchasing an additional 1,771 shares during the period. 84.46% of the stock is currently owned by institutional investors.

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 incl

JetBlue Airways Corporation (NASDAQ:JBLU) – Equities researchers at Imperial Capital dropped their Q3 2017 EPS estimates for shares of JetBlue Airways Corporation in a note issued to investors on Tuesday. Imperial Capital analyst M. Derchin now forecasts that the transportation company will post earnings of $0.52 per share for the quarter, down from their previous estimate of $0.60. Imperial Capital currently has a “Buy” rating and a $31.00 price target on the stock. Imperial Capital also issued estimates for JetBlue Airways Corporation’s Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.64 EPS and Q4 2018 earnings at $0.50 EPS.

A number of other equities research analysts have also recently weighed in on JBLU. Cowen and Company upped their price target on JetBlue Airways Corporation from $21.00 to $22.00 and gave the stock a “market perform” rating in a report on Thursday, October 12th. BidaskClub lowered JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Zacks Investment Research lowered JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Morgan Stanley reduced their target price on JetBlue Airways Corporation from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 17th. Finally, Macquarie began coverage on JetBlue Airways Corporation in a research note on Monday, September 25th. They issued a “neutral” rating and a $21.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $25.25.

WARNING: This piece was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://ledgergazette.com/2017/10/19/brokers-set-expectations-for-jetblue-airways-corporations-q3-2017-earnings-jblu.html.

JetBlue Airways Corporation (NASDAQ:JBLU) opened at 20.07 on Wednesday. The stock has a market cap of $6.60 billion, a P/E ratio of 10.19 and a beta of 0.59. The company’s 50-day moving average price is $19.36 and its 200-day moving average price is $21.32. JetBlue Airways Corporation has a 12 month low of $16.85 and a 12 month high of $24.13.

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

In other JetBlue Airways Corporation news, Director Joel Clinton Peterson sold 5,120 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $22.00, for a total transaction of $112,640.00. Following the transaction, the director now owns 555,062 shares of the company’s stock, valued at approximately $12,211,364. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James G. Hnat sold 6,000 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $21.98, for a total value of $131,880.00. Following the transaction, the executive vice president now directly owns 25,992 shares in the company, valued at approximately $571,304.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,860 shares of company stock worth $646,973. Corporate insiders own 0.60% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. Curbstone Financial Management Corp lifted its stake in shares of JetBlue Airways Corporation by 100.0% during the 3rd quarter. Curbstone Financial Management Corp now owns 45,100 shares of the transportation company’s stock worth $836,000 after purchasing an additional 22,550 shares during the period. Lord Abbett & CO. LLC lifted its stake in shares of JetBlue Airways Corporation by 1.1% during the 2nd quarter. Lord Abbett & CO. LLC now owns 513,100 shares of the transportation company’s stock worth $11,714,000 after purchasing an additional 5,800 shares during the period. Advisory Services Network LLC lifted its stake in shares of JetBlue Airways Corporation by 659.7% during the 2nd quarter. Advisory Services Network LLC now owns 24,744 shares of the transportation company’s stock worth $565,000 after purchasing an additional 21,487 shares during the period. U S Global Investors Inc. lifted its stake in shares of JetBlue Airways Corporation by 62.5% during the 2nd quarter. U S Global Investors Inc. now owns 210,456 shares of the transportation company’s stock worth $4,613,000 after purchasing an additional 80,938 shares during the period. Finally, National Asset Management Inc. lifted its stake in shares of JetBlue Airways Corporation by 9.7% during the 2nd quarter. National Asset Management Inc. now owns 20,120 shares of the transportation company’s stock worth $460,000 after purchasing an additional 1,771 shares during the period. 84.46% of the stock is currently owned by institutional investors.

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.

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

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