JetBlue Airways (NASDAQ:JBLU) Issues Earnings Results

JetBlue Airways (NASDAQ:JBLU) announced its quarterly earnings results on Tuesday. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.21, Zacks reports. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. During the same quarter in the prior year, the company earned ($0.19) earnings per share.

JetBlue Airways Price Performance

JBLU stock opened at $8.09 on Tuesday. The company’s 50 day moving average is $7.15 and its 200 day moving average is $6.42. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. JetBlue Airways has a 1-year low of $4.49 and a 1-year high of $8.31.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Bank of America reaffirmed an “underperform” rating and issued a $6.50 price objective on shares of JetBlue Airways in a research report on Friday, January 17th. Morgan Stanley restated an “equal weight” rating and issued a $8.00 price objective on shares of JetBlue Airways in a research note on Wednesday, December 11th. Evercore ISI raised their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Susquehanna lifted their price objective on shares of JetBlue Airways from $6.00 to $8.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, UBS Group restated a “sell” rating and set a $5.00 target price on shares of JetBlue Airways in a research report on Tuesday, November 26th. Five research 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 data from MarketBeat.com, JetBlue Airways currently has a consensus rating of “Hold” and a consensus price target of $6.69.

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.