JetBlue Airways (NASDAQ:JBLU) released its earnings results on Tuesday. The transportation company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04, MarketWatch Earnings reports. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.87 billion. JetBlue Airways had a return on equity of 10.22% and a net margin of 1.81%. JetBlue Airways’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share.

Shares of NASDAQ:JBLU traded down $0.03 during trading on Thursday, hitting $18.16. 98,661 shares of the company were exchanged, compared to its average volume of 5,288,368. The company has a market cap of $5.28 billion, a P/E ratio of 11.77, a P/E/G ratio of 5.99 and a beta of 0.89. JetBlue Airways has a 52-week low of $15.19 and a 52-week high of $20.14. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.61 and a quick ratio of 0.58.

In other JetBlue Airways news, CEO Robin Hayes sold 2,500 shares of the stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $16.81, for a total transaction of $42,025.00. Following the sale, the chief executive officer now owns 453,076 shares in the company, valued at $7,616,207.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 7,500 shares of company stock worth $127,275. Company insiders own 0.79% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Mackay Shields LLC raised its position in shares of JetBlue Airways by 784.6% in the fourth quarter. Mackay Shields LLC now owns 792,055 shares of the transportation company’s stock worth $12,720,000 after buying an additional 702,514 shares in the last quarter. Enlightenment Research LLC purchased a new stake in shares of JetBlue Airways in the fourth quarter worth $47,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of JetBlue Airways by 154.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,706 shares of the transportation company’s stock worth $573,000 after buying an additional 21,676 shares in the last quarter. Flagship Harbor Advisors LLC raised its position in shares of JetBlue Airways by 13.1% in the fourth quarter. Flagship Harbor Advisors LLC now owns 7,145 shares of the transportation company’s stock worth $114,000 after buying an additional 830 shares in the last quarter. Finally, Stamos Capital Partners L.P. purchased a new stake in shares of JetBlue Airways in the fourth quarter worth $313,000. Institutional investors own 91.51% of the company’s stock.

Several research firms have recently issued reports on JBLU. Imperial Capital reaffirmed an “outperform” rating and issued a $24.00 target price (up from $23.00) on shares of JetBlue Airways in a report on Wednesday. Zacks Investment Research lowered JetBlue Airways from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Buckingham Research reduced their target price on JetBlue Airways from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, April 11th. Cowen reaffirmed a “market perform” rating and issued a $19.00 target price on shares of JetBlue Airways in a report on Thursday, April 11th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $16.00 target price (down from $19.00) on shares of JetBlue Airways in a report on Thursday, April 4th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. JetBlue Airways currently has a consensus rating of “Hold” and a consensus target price of $19.52.

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About JetBlue Airways

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

Further Reading: Coverage Ratio

Earnings History for JetBlue Airways (NASDAQ:JBLU)

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