JetBlue Airways Co. (NASDAQ:JBLU) released its quarterly earnings results on Thursday. The company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.05, AnalystRatings.NET reports. During the same quarter last year, the firm earned $0.26 earnings per share. The firm earned $1.59 billion during the quarter, compared to analyst estimates of $1.57 billion. JetBlue Airways’s quarterly revenue was up 10.2% on a year-over-year basis.

JBLU has been the topic of a number of recent analyst reports. Deutsche Bank restated a “buy” rating and issued a $32.00 price target (up from $25.00) on shares of JetBlue Airways in a research report on Friday, October 9th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $29.00 target price on shares of JetBlue Airways in a research note on Monday, October 12th. JPMorgan Chase & Co. downgraded shares of JetBlue Airways from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $28.00 to $27.00 in a research note on Tuesday, October 13th. They noted that the move was a valuation call. Raymond James dropped their target price on shares of JetBlue Airways from $30.00 to $29.00 in a research note on Monday, November 30th. Finally, Vetr raised shares of JetBlue Airways from a “buy” rating to a “strong-buy” rating and set a $27.50 target price for the company in a research note on Monday, December 14th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. JetBlue Airways presently has an average rating of “Buy” and an average price target of $29.47.

In other news, CEO Robin Hayes sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 6th. The shares were sold at an average price of $21.87, for a total value of $109,350.00. Following the sale, the chief executive officer now directly owns 282,841 shares in the company, valued at approximately $6,185,732.67. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Joel Clinton Peterson sold 14,276 shares of the firm’s stock in a transaction that occurred on Tuesday, December 8th. The shares were sold at an average price of $25.99, for a total transaction of $371,033.24. Following the completion of the sale, the director now owns 573,220 shares in the company, valued at $14,897,987.80. The disclosure for this sale can be found here.

JetBlue Airways (NASDAQ:JBLU) opened at 21.31 on Monday. The stock has a 50 day moving average of $21.89 and a 200 day moving average of $23.98. JetBlue Airways has a 12-month low of $16.01 and a 12-month high of $27.36. The firm has a market cap of $6.71 billion and a PE ratio of 10.76.

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, Caribbean and Latin America. The Company operates Airbus A321, Airbus A320 and EMBRAER 190 aircraft types. The Company’s firm aircraft orders consists of approximately 33 Airbus A321 aircraft, 25 Airbus A320 new engine option (NASDAQ:JBLU) aircraft, 45 Airbus A321 new engine option aircraft, 24 EMBRAER 190 aircraft and 10 spare engines. It operates fleet, which consists of approximately 13 Airbus A321 aircraft, 130 Airbus A320 aircraft and 60 EMBRAER 190 aircraft. The Company served approximately 87 BlueCities in 27 states, the District of Columbia, the Commonwealth of Puerto Rico, the United States Virgin Islands, and 17 countries in the Caribbean and Latin America.

12 Month Chart for NASDAQ:JBLU

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