JetBlue Airways (NASDAQ:JBLU) Releases Earnings Results, Beats Estimates By $0.10 EPS

JetBlue Airways (NASDAQ:JBLU) released its quarterly earnings results on Tuesday. The transportation company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10, Briefing.com reports. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the firm posted ($0.39) earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. JetBlue Airways updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

JetBlue Airways Price Performance

Shares of NASDAQ:JBLU traded up $0.15 on Friday, hitting $5.85. The stock had a trading volume of 7,232,581 shares, compared to its average volume of 15,550,641. JetBlue Airways has a twelve month low of $3.76 and a twelve month high of $8.07. The company has a debt-to-equity ratio of 2.98, a quick ratio of 0.50 and a current ratio of 1.21. The firm’s 50 day moving average price is $6.18 and its 200-day moving average price is $5.92. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of -2.29 and a beta of 1.92.

Analyst Ratings Changes

A number of brokerages recently issued reports on JBLU. Bank of America raised shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $3.00 to $6.00 in a research report on Monday, September 9th. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a research report on Friday, October 11th. Citigroup boosted their target price on shares of JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. TD Cowen boosted their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Finally, Susquehanna boosted their target price on shares of JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $5.98.

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.