JetBlue Airways (NASDAQ:JBLU) Announces Quarterly Earnings Results

JetBlue Airways (NASDAQ:JBLU) announced its quarterly earnings results on Tuesday. The transportation company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.21, Zacks reports. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. During the same quarter last year, the business earned ($0.19) EPS.

JetBlue Airways Price Performance

Shares of JetBlue Airways stock opened at $8.09 on Tuesday. The business has a 50-day simple moving average of $7.15 and a 200 day simple moving average of $6.42. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. JetBlue Airways has a one year low of $4.49 and a one year high of $8.31.

Wall Street Analysts Forecast Growth

JBLU has been the topic of a number of research reports. Evercore ISI boosted their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Morgan Stanley restated an “equal weight” rating and issued a $8.00 price objective on shares of JetBlue Airways in a report on Wednesday, December 11th. Susquehanna lifted their target price on JetBlue Airways from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. The Goldman Sachs Group reissued a “sell” rating and issued a $5.50 price target on shares of JetBlue Airways in a research note on Friday, November 15th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $6.50 price objective on shares of JetBlue Airways in a research note on Friday, January 17th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $6.69.

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.