FY2024 EPS Estimate for JetBlue Airways Raised by Analyst

JetBlue Airways Co. (NASDAQ:JBLU) – Equities research analysts at Seaport Res Ptn lifted their FY2024 EPS estimates for JetBlue Airways in a research note issued to investors on Tuesday, October 29th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings of ($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 ($0.96) 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.

JBLU has been the subject of several other reports. Citigroup raised their price objective on shares of JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Bank of America raised shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $3.00 to $6.00 in a research report on Monday, September 9th. Evercore ISI increased their price objective on JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. StockNews.com upgraded JetBlue Airways to a “sell” rating in a research report on Friday, October 11th. Finally, TD Cowen increased their price target on JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, JetBlue Airways presently has an average rating of “Hold” and a consensus price target of $5.98.

JetBlue Airways Price Performance

Shares of JBLU opened at $5.77 on Friday. JetBlue Airways has a 52-week low of $3.76 and a 52-week high of $8.07. The company has a quick ratio of 0.50, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. The stock has a fifty day simple moving average of $6.20 and a two-hundred day simple moving average of $5.91.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the business earned ($0.39) earnings per share. The business’s revenue was up .5% compared to the same quarter last year.

Institutional Investors Weigh In On JetBlue Airways

Several institutional investors and hedge funds have recently modified their holdings of JBLU. PNC Financial Services Group Inc. grew its position in JetBlue Airways by 64.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 25,018 shares of the transportation company’s stock valued at $139,000 after acquiring an additional 9,777 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in JetBlue Airways during the 1st quarter worth approximately $25,000. Sequoia Financial Advisors LLC lifted its holdings in JetBlue Airways by 24.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 22,023 shares of the transportation company’s stock worth $163,000 after buying an additional 4,275 shares in the last quarter. BNP Paribas Financial Markets boosted its position in JetBlue Airways by 21.1% in the 1st quarter. BNP Paribas Financial Markets now owns 486,676 shares of the transportation company’s stock valued at $3,611,000 after buying an additional 84,766 shares during the period. Finally, Resonant Capital Advisors LLC acquired a new position in shares of JetBlue Airways in the first quarter worth $74,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

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.