JetBlue Airways (NASDAQ:JBLU) Announces Quarterly Earnings Results

JetBlue Airways (NASDAQ:JBLU) issued its quarterly earnings data on Tuesday. The transportation company reported ($0.43) EPS for the quarter, topping the consensus estimate of ($0.53) by $0.10, Briefing.com reports. JetBlue Airways had a negative net margin of 8.79% and a negative return on equity of 5.38%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period last year, the business posted ($0.34) earnings per share. JetBlue Airways’s quarterly revenue was down 5.5% compared to the same quarter last year. JetBlue Airways updated its Q2 2024 guidance to EPS.

JetBlue Airways Stock Performance

Shares of JBLU opened at $5.91 on Thursday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.60 and a quick ratio of 0.57. The firm has a 50 day moving average of $6.91 and a 200 day moving average of $5.65. JetBlue Airways has a twelve month low of $3.42 and a twelve month high of $9.45.

Analyst Upgrades and Downgrades

JBLU has been the subject of a number of analyst reports. Barclays initiated coverage on shares of JetBlue Airways in a research note on Wednesday, March 27th. They set an “underweight” rating and a $6.00 target price for the company. TD Cowen decreased their target price on shares of JetBlue Airways from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Tuesday. UBS Group initiated coverage on shares of JetBlue Airways in a research note on Wednesday, March 20th. They set a “sell” rating and a $5.00 target price for the company. Susquehanna raised their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft raised shares of JetBlue Airways from a “hold” rating to a “buy” rating and raised their target price for the company from $4.00 to $9.00 in a research note on Tuesday, February 20th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, JetBlue Airways presently has an average rating of “Hold” and a consensus target price of $5.78.

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.