Seaport Res Ptn Research Analysts Reduce Earnings Estimates for JetBlue Airways Co. (NASDAQ:JBLU)

JetBlue Airways Co. (NASDAQ:JBLU) – Stock analysts at Seaport Res Ptn lowered their Q2 2024 earnings estimates for JetBlue Airways in a research report issued on Wednesday, April 24th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings of ($0.20) per share for the quarter, down from their prior forecast of $0.04. The consensus estimate for JetBlue Airways’ current full-year earnings is ($0.72) per share. Seaport Res Ptn also issued estimates for JetBlue Airways’ Q3 2024 earnings at ($0.30) EPS, Q4 2024 earnings at ($0.10) EPS and FY2024 earnings at ($1.04) EPS.

Several other analysts also recently weighed in on JBLU. Evercore ISI lifted their price objective on shares of JetBlue Airways from $5.00 to $8.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. UBS Group began coverage on JetBlue Airways in a research report on Wednesday, March 20th. They set a “sell” rating and a $5.00 price objective for the company. Susquehanna raised their target price on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft raised JetBlue Airways from a “hold” rating to a “buy” rating and lifted their target price for the company from $4.00 to $9.00 in a research note on Tuesday, February 20th. Finally, Bank of America cut JetBlue Airways from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $6.00 to $3.00 in a research note on Tuesday, January 9th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $5.78.

JetBlue Airways Price Performance

JBLU stock opened at $5.72 on Friday. The stock’s fifty day moving average is $6.89 and its two-hundred day moving average is $5.65. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.32. JetBlue Airways has a 1 year low of $3.42 and a 1 year high of $9.45.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) EPS for the quarter, beating the consensus estimate of ($0.53) by $0.10. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. JetBlue Airways had a negative return on equity of 5.38% and a negative net margin of 8.79%. The business’s revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.34) earnings per share.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Versant Capital Management Inc boosted its position in shares of JetBlue Airways by 41.3% during the 4th quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 1,861 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of JetBlue Airways by 3.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 58,330 shares of the transportation company’s stock valued at $324,000 after acquiring an additional 2,178 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of JetBlue Airways by 169.8% during the 1st quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 2,377 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of JetBlue Airways by 12.5% during the 4th quarter. Private Advisor Group LLC now owns 24,470 shares of the transportation company’s stock worth $136,000 after acquiring an additional 2,717 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of JetBlue Airways by 72.8% in the 3rd quarter. Signaturefd LLC now owns 6,531 shares of the transportation company’s stock worth $30,000 after acquiring an additional 2,751 shares during the last quarter. Institutional investors own 83.71% of the company’s stock.

About JetBlue Airways

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.