JetBlue Airways (NASDAQ:JBLU - Get Free Report) issued its quarterly earnings data on Tuesday. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.26) by $0.10, Briefing.com reports. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the firm posted ($0.39) EPS. The firm's quarterly revenue was up .5% compared to the same quarter last year. JetBlue Airways updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.
JetBlue Airways Trading Down 7.2 %
JBLU stock traded down $0.44 during midday trading on Wednesday, hitting $5.63. The company had a trading volume of 33,017,124 shares, compared to its average volume of 15,575,087. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of -2.35 and a beta of 1.92. JetBlue Airways has a 52 week low of $3.42 and a 52 week high of $8.07. The company has a current ratio of 0.54, a quick ratio of 0.50 and a debt-to-equity ratio of 1.86. The stock's 50 day moving average price is $6.15 and its 200 day moving average price is $5.92.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on JBLU. Bank of America upgraded JetBlue Airways from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $3.00 to $6.00 in a research note on Monday, September 9th. Evercore ISI upped their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an "in-line" rating in a research note on Thursday, October 3rd. Susquehanna raised their target price on JetBlue Airways from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th. StockNews.com upgraded shares of JetBlue Airways to a "sell" rating in a research report on Friday, October 11th. Finally, Citigroup boosted their price objective on JetBlue Airways from $6.00 to $7.75 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, JetBlue Airways presently has an average rating of "Hold" and an average target price of $5.98.
Check Out Our Latest Report on JetBlue Airways
JetBlue Airways Company Profile
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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.
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