JetBlue Airways (NASDAQ:JBLU – Get Rating) issued its quarterly earnings results on Tuesday. The transportation company reported ($0.80) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.85) by $0.05, MarketWatch Earnings reports. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.74 billion. JetBlue Airways had a negative net margin of 3.01% and a negative return on equity of 21.61%. JetBlue Airways’s quarterly revenue was up 136.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.48) EPS.
Shares of JBLU traded down $0.89 during trading hours on Tuesday, reaching $12.17. The company’s stock had a trading volume of 246,093 shares, compared to its average volume of 9,717,390. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of -20.83 and a beta of 1.39. JetBlue Airways has a 1-year low of $11.37 and a 1-year high of $20.89. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. The company has a 50 day moving average of $13.85 and a two-hundred day moving average of $14.35.
A number of equities analysts have recently issued reports on JBLU shares. Morgan Stanley cut their price target on shares of JetBlue Airways from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Monday, April 4th. MKM Partners raised shares of JetBlue Airways from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Monday, April 11th. Zacks Investment Research raised shares of JetBlue Airways from a “sell” rating to a “hold” rating and set a $17.00 target price on the stock in a research report on Friday, February 11th. StockNews.com started coverage on shares of JetBlue Airways in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Raymond James lowered shares of JetBlue Airways from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $17.95.
JetBlue Airways Company Profile (Get Rating)
JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 107 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
- Get a free copy of the StockNews.com research report on JetBlue Airways (JBLU)
- Kimberly-Clark Pops On Successful Price Pass-Through
- Why These 3 Stocks Matter Most in the Dow
- Synchrony Financial Stock is Ready to Slingshot Back Up
- Cisco Systems Stock Bestows Another Buy the Dip Opportunity
- 3 Stocks Near 52-Week Highs That Still Look Cheap
Receive News & Ratings for JetBlue Airways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways and related companies with MarketBeat.com's FREE daily email newsletter.