JetBlue Airways (NASDAQ:JBLU) Announces Earnings Results

JetBlue Airways (NASDAQ:JBLU) posted its quarterly earnings data on Tuesday. The transportation company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.26, Briefing.com reports. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 9.94%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the company earned $0.45 earnings per share. The firm’s revenue was down 8.0% compared to the same quarter last year. JetBlue Airways updated its Q3 2024 guidance to EPS and its FY 2024 guidance to EPS.

JetBlue Airways Trading Down 7.6 %

Shares of NASDAQ:JBLU traded down $0.49 on Thursday, hitting $5.92. The company had a trading volume of 16,818,287 shares, compared to its average volume of 14,437,750. JetBlue Airways has a 1-year low of $3.42 and a 1-year high of $7.58. The stock has a 50 day moving average price of $5.79 and a 200 day moving average price of $6.15. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.54 and a quick ratio of 0.51.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Susquehanna lifted their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. TD Cowen lifted their price objective on shares of JetBlue Airways from $4.00 to $6.00 and gave the company a “hold” rating in a report on Wednesday. Citigroup lowered their price objective on shares of JetBlue Airways from $6.90 to $6.50 and set a “neutral” rating on the stock in a report on Wednesday, May 29th. 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 report on Thursday, April 4th. Finally, JPMorgan Chase & Co. lowered their target price on shares of JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, JetBlue Airways currently has an average rating of “Hold” and an average target price of $5.75.

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.