JetBlue Airways (NASDAQ:JBLU) Posts Earnings Results, Beats Estimates By $0.10 EPS

JetBlue Airways (NASDAQ:JBLU) issued its quarterly earnings results on Tuesday. The transportation company reported ($0.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10, Briefing.com reports. JetBlue Airways had a negative net margin of 8.79% and a negative return on equity of 5.38%. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the previous year, the firm earned ($0.34) EPS. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. JetBlue Airways updated its Q2 2024 guidance to EPS.

JetBlue Airways Stock Down 3.1 %

Shares of JetBlue Airways stock opened at $5.91 on Thursday. JetBlue Airways has a 12-month low of $3.42 and a 12-month high of $9.45. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.60 and a quick ratio of 0.57. The company’s 50-day moving average price is $6.91 and its 200-day moving average price is $5.65.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JBLU. Susquehanna boosted their price objective on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft upgraded JetBlue Airways from a “hold” rating to a “buy” rating and boosted their price objective for the company from $4.00 to $9.00 in a research note on Tuesday, February 20th. JPMorgan Chase & Co. lowered their price objective on JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday. Evercore ISI boosted their price objective on JetBlue Airways from $5.00 to $8.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Finally, TD Cowen lowered their price objective on JetBlue Airways from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Tuesday. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, JetBlue Airways presently has a consensus rating of “Hold” and an average price target of $5.78.

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.