FY2024 EPS Forecast for JetBlue Airways Boosted by Analyst

JetBlue Airways Co. (NASDAQ:JBLU - Free Report) - Analysts at Seaport Res Ptn raised their FY2024 earnings per share estimates for shares of JetBlue Airways in a research note issued on Tuesday, October 29th. Seaport Res Ptn analyst D. Mckenzie now anticipates that the transportation company will earn ($0.80) per share for the year, up from their previous estimate of ($0.87). The consensus estimate for JetBlue Airways' current full-year earnings is ($0.91) per share. Seaport Res Ptn also issued estimates for JetBlue Airways' Q1 2025 earnings at ($0.40) EPS, Q3 2025 earnings at ($0.10) EPS and Q4 2025 earnings at ($0.20) EPS.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.10. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The firm's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.39) EPS.

JBLU has been the topic of several other research reports. Susquehanna upped their target price on shares of JetBlue Airways from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. Bank of America upgraded shares of JetBlue Airways from an "underperform" rating to a "neutral" rating and upped their target price for the company from $3.00 to $6.00 in a research note on Monday, September 9th. StockNews.com upgraded shares of JetBlue Airways to a "sell" rating in a research note on Friday, October 11th. TD Cowen upped their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a "hold" rating in a research note on Friday, September 6th. Finally, Evercore ISI increased their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an "in-line" rating in a research note on Thursday, October 3rd. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, JetBlue Airways presently has a consensus rating of "Hold" and an average target price of $5.98.

JetBlue Airways Stock Up 1.2 %

Shares of JBLU stock traded up $0.07 during mid-day trading on Friday, hitting $5.77. The company's stock had a trading volume of 16,638,158 shares, compared to its average volume of 15,595,007. JetBlue Airways has a 52-week low of $3.76 and a 52-week high of $8.07. The business has a 50-day moving average price of $6.18 and a 200 day moving average price of $5.92. The company has a debt-to-equity ratio of 2.98, a quick ratio of 0.50 and a current ratio of 1.21. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of -2.29 and a beta of 1.92.

Institutional Investors Weigh In On JetBlue Airways

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Maverick Capital Ltd. bought a new stake in JetBlue Airways during the 2nd quarter worth approximately $634,000. Jade Capital Advisors LLC lifted its position in JetBlue Airways by 800.0% in the third quarter. Jade Capital Advisors LLC now owns 450,000 shares of the transportation company's stock worth $2,952,000 after buying an additional 400,000 shares during the last quarter. BNP Paribas Financial Markets lifted its position in JetBlue Airways by 21.1% in the first quarter. BNP Paribas Financial Markets now owns 486,676 shares of the transportation company's stock worth $3,611,000 after buying an additional 84,766 shares during the last quarter. Texas Permanent School Fund Corp lifted its position in JetBlue Airways by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 291,021 shares of the transportation company's stock worth $2,159,000 after buying an additional 4,157 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in JetBlue Airways by 208.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 391,614 shares of the transportation company's stock worth $2,851,000 after buying an additional 264,460 shares during the last quarter. Institutional investors own 83.71% of the company's stock.

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.