FY2024 EPS Estimates for JetBlue Airways Boosted by Analyst

JetBlue Airways Co. (NASDAQ:JBLU) – Research analysts at Seaport Res Ptn upped their FY2024 earnings per share estimates for 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 prior 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.

Several other equities research analysts have also recently commented on JBLU. Citigroup increased their price objective on JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. TD Cowen increased their price objective on JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Evercore ISI increased their price objective on JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Susquehanna increased their target price on JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, Bank of America raised JetBlue Airways from an “underperform” rating to a “neutral” rating and increased their target price for the company from $3.00 to $6.00 in a report on Monday, September 9th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.98.

JetBlue Airways Trading Up 1.2 %

NASDAQ JBLU opened at $5.77 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.50 and a debt-to-equity ratio of 2.98. JetBlue Airways has a 12 month low of $3.76 and a 12 month high of $8.07. The stock has a market cap of $2.00 billion, a P/E ratio of -2.29 and a beta of 1.92. The stock’s fifty day moving average price is $6.20 and its 200-day moving average price is $5.91.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new stake in JetBlue Airways during the 1st quarter valued at approximately $25,000. Bogart Wealth LLC grew its holdings in JetBlue Airways by 1,951.2% during the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after buying an additional 4,000 shares in the last quarter. Trust Co. of Vermont purchased a new position in JetBlue Airways during the 2nd quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new position in JetBlue Airways during the 2nd quarter valued at approximately $34,000. Finally, GAMMA Investing LLC grew its holdings in JetBlue Airways by 79.2% during the 2nd quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock valued at $41,000 after buying an additional 2,993 shares in 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.