Key Points
- JetBlue director Vivek Sharma sold 32,000 shares on May 28 at an average price of $5.41, totaling about $173,120. After the sale, he still held 35,479 shares, reducing his ownership by 47.42%.
- JetBlue’s latest earnings were mixed: the company posted a wider-than-expected loss of $0.87 per share, while revenue of $2.24 billion matched estimates and rose 4.7% year over year.
- Investor sentiment remains cautious despite some positive operating trends, with JetBlue citing strong travel demand and route expansion, but also facing higher fuel cost forecasts and a consensus analyst rating of “Reduce.”
JetBlue Airways Corporation (NASDAQ:JBLU - Get Free Report) Director Vivek Sharma sold 32,000 shares of the business's stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $5.41, for a total transaction of $173,120.00. Following the completion of the transaction, the director owned 35,479 shares of the company's stock, valued at approximately $191,941.39. This represents a 47.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
JetBlue Airways Stock Performance
JBLU opened at $5.15 on Tuesday. The company has a debt-to-equity ratio of 4.25, a current ratio of 0.70 and a quick ratio of 0.64. The firm has a fifty day moving average price of $4.90 and a 200 day moving average price of $4.94. JetBlue Airways Corporation has a 1 year low of $3.84 and a 1 year high of $6.50. The stock has a market cap of $1.92 billion, a P/E ratio of -2.65 and a beta of 1.73.
JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its earnings results on Tuesday, April 28th. The transportation company reported ($0.87) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.72) by ($0.15). The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.24 billion. JetBlue Airways had a negative net margin of 7.78% and a negative return on equity of 32.76%. The business's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.59) earnings per share. Equities research analysts anticipate that JetBlue Airways Corporation will post -2.78 earnings per share for the current year.
JetBlue Airways News Roundup
Here are the key news stories impacting JetBlue Airways this week:
Wall Street Analysts Forecast Growth
JBLU has been the subject of a number of research analyst reports. TD Cowen upgraded shares of JetBlue Airways from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 10th. UBS Group upped their price objective on shares of JetBlue Airways from $3.50 to $4.00 and gave the stock a "sell" rating in a research report on Tuesday, May 26th. The Goldman Sachs Group restated a "sell" rating and set a $3.50 price objective on shares of JetBlue Airways in a research report on Monday. Seaport Research Partners upgraded shares of JetBlue Airways from a "neutral" rating to a "buy" rating and set a $8.00 price objective for the company in a research report on Thursday, April 16th. Finally, BMO Capital Markets initiated coverage on shares of JetBlue Airways in a research report on Tuesday, March 24th. They set a "market perform" rating and a $4.50 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, JetBlue Airways presently has a consensus rating of "Reduce" and a consensus target price of $4.93.
View Our Latest Analysis on JBLU
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of JBLU. ING Groep NV acquired a new position in shares of JetBlue Airways during the 3rd quarter valued at about $4,920,000. Citigroup Inc. boosted its position in shares of JetBlue Airways by 91.0% during the 3rd quarter. Citigroup Inc. now owns 813,375 shares of the transportation company's stock valued at $4,002,000 after acquiring an additional 387,543 shares during the last quarter. U S Global Investors Inc. boosted its position in shares of JetBlue Airways by 4.9% during the 4th quarter. U S Global Investors Inc. now owns 4,728,754 shares of the transportation company's stock valued at $21,516,000 after acquiring an additional 219,622 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of JetBlue Airways by 72.8% during the 4th quarter. SG Americas Securities LLC now owns 839,551 shares of the transportation company's stock valued at $3,820,000 after acquiring an additional 353,606 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its position in shares of JetBlue Airways by 185.8% during the 4th quarter. GSA Capital Partners LLP now owns 462,258 shares of the transportation company's stock valued at $2,103,000 after acquiring an additional 300,522 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company's stock.
JetBlue Airways Company Profile
(
Get Free Report)
JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.
The airline's core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.
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