Headlines about JetBlue Airways (NASDAQ:JBLU) have been trending somewhat positive on Friday, Accern reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. JetBlue Airways earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the transportation company an impact score of 45.2136187714328 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Hurricane Florence has forced nearly a dozen airports to shut down and triggered more than 1,000 flight cancellations (AAL, DAL, UAL, LUV, JBLU) (msn.com)
- Airlines cancel hundreds of flights, cap fares ahead of Hurricane Florence (finance.yahoo.com)
- Airlines’ Biofuel-Powered Flights Might Soon Take Off (finance.yahoo.com)
- JetBlue Airways Prelim. Aug. Traffic Up 6.7% – Quick Facts (nasdaq.com)
- JetBlue Airways Reports August Traffic (finance.yahoo.com)
NASDAQ:JBLU opened at $19.22 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.56 and a debt-to-equity ratio of 0.25. JetBlue Airways has a 52-week low of $17.10 and a 52-week high of $23.08. The stock has a market cap of $5.93 billion, a P/E ratio of 11.24, a PEG ratio of 1.26 and a beta of 0.51.
JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, July 24th. The transportation company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.02. JetBlue Airways had a return on equity of 10.80% and a net margin of 11.30%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the company posted $0.64 EPS. JetBlue Airways’s revenue for the quarter was up 5.0% on a year-over-year basis. sell-side analysts anticipate that JetBlue Airways will post 1.47 earnings per share for the current fiscal year.
Several brokerages recently issued reports on JBLU. BidaskClub upgraded JetBlue Airways from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. Morgan Stanley reduced their price objective on JetBlue Airways from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 12th. ValuEngine upgraded JetBlue Airways from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th. Zacks Investment Research upgraded JetBlue Airways from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 11th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $19.00 target price on shares of JetBlue Airways in a research note on Wednesday, August 1st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $22.29.
In other news, CEO Robin Hayes sold 2,000 shares of JetBlue Airways stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $18.85, for a total transaction of $37,700.00. Following the completion of the sale, the chief executive officer now directly owns 440,803 shares in the company, valued at approximately $8,309,136.55. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP George Martin J. St sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $19.39, for a total value of $58,170.00. The disclosure for this sale can be found here. Insiders have sold a total of 9,000 shares of company stock valued at $170,050 over the last 90 days. Corporate insiders own 0.63% of the company’s stock.
About JetBlue Airways
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2017, the company operated a fleet of 53 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 101 destinations in 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
See Also: Diversification
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