JBLU - JetBlue Airways Corporation
18.90 +0.02 (0.11%)
After hours: 7:34PM EDT
| Previous Close | 18.80 |
| Open | 18.76 |
| Bid | 18.88 x 1400 |
| Ask | 19.00 x 27000 |
| Day's Range | 18.47 - 18.99 |
| 52 Week Range | 15.19 - 19.83 |
| Volume | 6,976,301 |
| Avg. Volume | 4,867,324 |
| Market Cap | 5.48B |
| Beta (3Y Monthly) | 1.32 |
| PE Ratio (TTM) | 9.93 |
| EPS (TTM) | 1.90 |
| Earnings Date | Jan 22, 2020 - Jan 27, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 21.13 |
- American City Business Journals
Countdown: The U.S. airlines most often guilty of mishandling baggage
Among the issues air travelers face when trying to reach their final destination, customers' luggage ending up damaged, misplaced or delayed happens far too often.
- Insider Monkey
Is JetBlue Airways Corporation (JBLU) Going to Burn These Hedge Funds?
Hedge fund managers like David Einhorn, Bill Ackman, or Carl Icahn became billionaires through reaping large profits for their investors, which is why piggybacking their stock picks may provide us with significant returns as well. Many hedge funds, like Paul Singer’s Elliott Management, are pretty secretive, but we can still get some insights by analyzing […]
- Thomson Reuters StreetEvents
Edited Transcript of JBLU earnings conference call or presentation 22-Oct-19 2:00pm GMT
Q3 2019 JetBlue Airways Corp Earnings Call
- Market Realist
JetBlue Q3 Earnings Soar on High Revenues, Low Costs
JetBlue Airways (JBLU) reported strong Q3 results today. Revenues and earnings beat analysts’ expectations and improved significantly year-over-year.
- Market Realist
Is Acquisition a Solution to Southwest’s MAX Problems?
A prominent Wall Street analyst believes that Southwest Airlines (LUV) could look for strategic solutions to its 737 MAX problems, including acquisition.
- Skift
JetBlue Airways Pulls Back to Regroup on Latin America and Caribbean Strategy
JetBlue Airways is pruning its Latin America network, cutting flights to Mexico City and reshaping its Caribbean operation so it can improve profitability amid "a series of unique headwinds," executives said Tuesday on their third quarter earnings call. JetBlue will leave Mexico City in early January, three years after it fought to gain prime slots […]
- Zacks
JetBlue's (JBLU) Q3 Earnings Surpass Estimates, Increase Y/Y
Factors like low fuel costs and high passenger revenues aid JetBlue's (JBLU) third-quarter 2019 results.
- American City Business Journals
Former JetBlue gate agent faces prison for giving $1M worth of free travel
A former JetBlue employee is facing up to 20 years in prison for scamming the New York-based airline of nearly $1 million in flights. Tiffany Jenkins plead guilty in federal court in Boston to using her position as an airline gate agent to convert primarily low-cost domestic flights to more expensive international flights at no additional charge for family, friends and acquaintances. According to a prepared statement from U.S. Attorney Andrew Lelling, Jenkins committed the fraud over the course of a 15-month period.
- TheStreet.com
JetBlue Climbs After Beating Analysts' Earnings Expectations
JetBlue reports adjusted earnings 59 cents a share during the third quarter, higher than Wall Street estimates.
- MarketWatch
JetBlue shares fall premarket as earnings beat but airline offers soft guidance
JetBlue Airways Corp. said Tuesday it had net income of $187 million, or 63 cents a share, in the third quarter, up from $50 million, or 16 cents a share, in the year-earlier period. Adjusted per-share earnings came to 59 cents, ahead of the 51 cents FactSet consensus. Revenue rose to $2.086 billion from $2.008 billion, just ahead of the $2.076 billion FactSet consensus. Revenue per available seat mile (RASM) fell 0.9%, while operating expenses per available seat mile, excluding fuel (CASM ex-fuel) rose 0.3%. Chief executive Joanna Geraghty said the company's operational improvements more than offset the impact of hurricane Dorian and runway construction in Fort Lauderdale and JFK. "Our Latin and Caribbean franchise was impacted by disruption in multiple markets. We saw challenges begin earlier this year, but ramped significantly through the summer. We've taken quick action and are redeploying capacity to manage demand in the impacted markets," she said in a statement. The airline is now expecting fourth-quarter RASM to fall 3.5% to 0.5%. Shares fell 1.3% in premarket trade but have gained 9% in 2019, while the S&P 500 has gained 20%.
- Business Wire
JetBlue Announces Third Quarter 2019 Results
JetBlue Airways Corporation today reported its results for the third quarter 2019:
- TipRanks
Monday’s Top Analyst Upgrades: COMM, HPE, JBLU, PINS
Stocks go up, stocks go down — and so do analysts’ opinions of them. This series looks at which upgrades investors should act on. Specifically, we’ll find out why analysts are revving their engines for CommScope, Hewlett Packard Enterprise, JetBlue Airways, and Pinterest.CommScope - 25% UpsideAfter a year of unrelenting skepticism, this morning, Nomura analyst Jeffrey Kvaal upgraded CommScope (COMM) stock.Kvaal has maintained a "hold" rating on the stock since October 5, 2018, and he’s been right to do so. Over that time period, CommScope stock has shed more than 55% of its value, falling from north of $29 to just $11.57 and change yesterday.But this morning, the analyst finally gave COMM a break, and upgraded the stock to "buy" while keeping his price target at $16 -- 55% upside from current levels. Investors responded to the news with enthusiasm, bidding up shares by over 10%.Kvaal commented, "Improving customer spending through 2020 and solid progress in recent months on delevering gives us increasing confidence around a bounce back in valuation from multiple expansion. We leave our target price unchanged at $16, based on 8.9x our 2020 EBITDA estimate, in line with the 5-year average multiple. CommScope has historically been a P/E play, but currently trades at 5x as the stock has (understandably) taken a hit off concerns around cable spending and leverage. We note a return to the 5-year average P/E multiple of 11x would yield a $25 share price."Indeed, CommScope is a Wall Street favorite, earning one of the best analyst consensus ratings in the market. TipRanks analytics exhibit COMM as a Strong Buy. Out of 7 analysts polled in the last 3 months, all 7 are bullish on the stock. With a return potential of 57%, the stock’s consensus target price stands at $20.07. (See CommScope stock analysis on TipRanks)Hewlett Packard Enterprise - 17% UpsideNormally analysts reiterate stock ratings- so when a stock is upgraded or downgraded, it’s worth taking note. Today, Bank of America analyst Wamsi Mohan upped his rating on Hewlett Packard Enterprise (HPE) all the way from 'underperform' to ‘buy.’ According to Mohan, the computing giant is worth about 17% more than it’s currently selling for, and should hit $19 within the next 12 months. (To watch Mohan's track record, click here)Mohan's upgrade is based on: "1) Free Cash Flow (FCF) improving with fewer 1-time items, 2) management’s focus on stable growth (no caveats e.g. Tier 1) and stability of earnings, 3) continued strong capital returns (50-75% of annual FCF), 4) less revenue tied to Tier-1 server sales (less services attached, lower margin), 5) strong growth in Intelligent Edge/Aruba product and services offerings, 6) increasing value of H3C put option and HPE ex H3C trading at a low multiple, 7) move to as-a-service offering which drives value over time, and 8) an improving mix (although rev declines in near term) at PointNext that should over time drive higher profitability."Granted, not everyone is as enthusiastic about HPE as Mohan, as TipRanks analytics reveal the stock as a Hold. Out of 12 analysts polled in the last 3 months, 3 are bullish on the stock, 8 remain sidelined, while one is bearish on the stock. The 12-month average price target stands at $16.09, which aligns evenly with where the stock is currently trading. (See HPE stock analysis on TipRanks)JetBlue Airways - 36% UpsideA third stock worthy of consideration — at least, Stifel thinks so — is JetBlue Airways (JBLU). 5-star Stifel analyst Joseph DeNardi upgraded the airline stock from ‘hold’ to ‘buy’, predicting JBLU shares will hit $24 a share (36% upside) a year from now. (To watch DeNardi's impressive track record, click here)DeNardi commented, "Based on reports suggesting an increasingly strained relationship between Boeing and the FAA/ Congress as well as expectations that Boeing may soon look to further cut 737 MAX production rates, we see growing risk that the MAX grounding extends further into 2020 and/or leads to fewer MAXs delivered for an extended period. A prolonged grounding of the MAX is an existential threat to Southwest's business model. The only reasonable option Southwest has, in our opinion, to address this risk - diversifying away from the 737 - is through an acquisition of either JetBlue or Alaska; LUV acquiring SAVE/Frontier/ALGT would be blatantly anti-competitive, we believe. When combined with JetBlue's attractive CASMx story into 2020, we now see the increased likelihood of M&A as presenting a sufficiently attractive risk/reward setup to justify an upgrade."Overall, Wall Street is evenly split between the bulls and those choosing to play it safe. Based on 6 analysts polled in the last 3 months, 3 rate JBLU a "buy," 2 say "hold," while one recommends "sell." However, the 12-month average price target stands at $20.20, marking a nearly 15% in return potential for the stock. In other words, even the analysts that are hedging their bets have some optimism reflected in expectations. (See JBLU stock analysis on TipRanks)Pinterest - 30% UpsideThe stock price of Pinterest (PINS), the social media company that allows users to "pin" ideas and projects to a digital board, has been choppy in recent months. One analyst, however, thinks this new, lower stock price could offer new investors an opportunity to get into PINS on the cheap. This morning, 5-star RBC analyst Mark Mahaney upgraded the stock from Sector Perform to Outperform, while assigning this $27 stock a $35 target price (30% upside). (To watch Mahaney's solid track record, click here)Mahaney opined, "We believe PINS occupies a relatively unique position as a high-intent Discovery tool. We initiated w/ Sector Perform in May after shares surged ~50% post IPO, trading at an aggressive ~15x EV/ Sales multiple. Since then, our estimates have increased materially, while shares have retraced ~29% off highs. So…the upgrade.""We see PINS’ new self- serve Mobile Ads Manager as a price of admission to unlocking SMB budgets, and we now anticipate PINS’ Unmanaged business becoming material in late 20’/early 21’. Recent announced Shopping formats should help marketers optimize for more objectives. The integration of Pinterest’s first party tag w/ Google Tag Manager (& others) should boost conversion," the analyst added.All in all, the investor community is mixed on Pinterest stock. TipRanks analysis of 16 analyst ratings shows a Moderate Buy consensus, but an even split (8 analysts each) recommending Buy or Hold. However, the $34.44 average price target suggests about 30% upside from the stock's current value. (See Pinterest stock analysis on TipRanks)
- American City Business Journals
Southwest buying another airline? Carrier downgraded on M&A speculation
Southwest Airlines was downgraded by an investment bank based on speculation that it might pursue an acquisition as the 737 Max saga drags on.
- Zacks
Transportation Stocks Oct 22 Earnings Roster: UPS, JBLU, HA
Low fuel costs are likely to get reflected in third-quarter earnings results of transports.
- GuruFocus.com
A Trio of Fairly Priced Stocks That Analysts Expect to Trade Higher
These companies have a Graham blended multiplier below 22.5 Continue reading...
- Yahoo Finance
Jetblue, Southwest top annual list of family-friendly airlines
Traveling with the family? Here are the best airlines to use, according to The Points Guy.
- American City Business Journals
FLL could ramp up international traveler count with new JetBlue, Norwegian Air partnership
Norwegian Air and JetBlue Airways signed a letter of intent for a partnership that can have major implications for Fort Lauderdale-Hollywood International Airport (FLL). As part of the deal, travelers can pay a single fare on either airline's website to book connecting flights between the Americas and Europe. The partnership won't go into effect until the middle of 2020, but the flights included in the agreement can be booked as early as next year, according to a statement from Norwegian.
- Schaeffer's Investment Research
JBLU Stock Could Take Off After Earnings
A long-term bull signal just flashed for JetBlue ahead of next week's earnings report
- Zacks
Low Freight Volumes Hurt Union Pacific's (UNP) Q3 Earnings
Sluggish freight volumes ail Union Pacific's (UNP) third-quarter 2019 results. However, improvement in the operating ratio is a positive.
- Zacks
The Zacks Analyst Blog Highlights: Delta Air Lines, United Airlines, Spirit Airlines, JetBlue Airways and Alaska Air
The Zacks Analyst Blog Highlights: Delta Air Lines, United Airlines, Spirit Airlines, JetBlue Airways and Alaska Air
- Reuters
UPDATE 3-Norwegian Air, JetBlue tie up to expand transatlantic network
* Allow passengers to fly between Europe, U.S. OSLO, Oct 17 (Reuters) - Norwegian Air and New York's JetBlue Airways plan a partnership enabling passengers flying between Europe and the United States to continue to multiple destinations under a single booking, potentially boosting traffic and average fares. The airlines said in a joint statement on Thursday that if agreed the partnership would come into effect in the middle of next year.
- Reuters
Norwegian Air, JetBlue tie up to expand transatlantic network
Norwegian Air and New York's JetBlue Airways plan a partnership enabling passengers flying between Europe and the United States to continue to multiple destinations under a single booking, potentially boosting traffic and average fares. The airlines said in a joint statement on Thursday that if agreed the partnership would come into effect in the middle of next year. Norwegian, Europe's third-largest budget carrier, has shaken up the market for travel across the Atlantic with cut-price fares that challenge traditional carriers such as IAG's British Airways, but its breakneck expansion left it with high debts and in the red.
- Financial Times
Norwegian strikes deal on transatlantic connecting flights
The Nordic airline, a pioneer of budget transatlantic flights whose balance sheet has been strained by expansion, plans to launch the partnership with JetBlue, of the US, in early summer 2020 ahead of its traditionally tough winter season.
- Zacks
Airline Stock Roundup: DAL & UAL's Earnings Beat, SAVE's Q3 View Bullish & More
Low fuel costs aid the third-quarter 2019 bottom-line performances of Delta (DAL) and United Airlines (UAL).
- Zacks
United Airlines (UAL) Up on Q3 Earnings Beat, Raised EPS View
Low fuel prices and higher passenger revenues aid United Airlines' (UAL) Q3 results. Expecting the tailwinds to stay in place, the carrier lifts its 2019 EPS view.
