The Bear Case for JetBlue Airways Corporation (JBLU)

In related news, Director Joel Clinton Peterson sold 5,120 shares of the company's stock in a transaction that occurred on Tuesday, August 1st. Moreover, Primecap Mgmt Ca has 0.4% invested in JetBlue Airways Corporation (NASDAQ:JBLU). It has outperformed by 2.05% the S&P500. The company is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, October 24th.

The company P/E (price to earnings) ratio is 10.28 and Forward P/E ratio is 10.41. The Firm is engaged in the business of attracting deposits from the general public and using such funds in its primary market area to originate commercial business, commercial real estate, multi-family real estate, land, real estate construction, residential real estate and other consumer loans.

Since May 1, 2017, it had 0 buys, and 10 selling transactions for $1.01 million activity. 1,000 shares were sold by HNAT JAMES G, worth $21,722 on Monday, May 1. JBLU is down around 17.92% from its 12-month high of $16.85 notched on Nov 04, 2016 but is -17.54% above its highest point the past 12 months of $24.13 a share. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock.

07/26/2017 - JetBlue Airways Corporation was downgraded to "neutral" by analysts at Buckingham Research. The sales growth rate for a stock is a measure of how the stock's sales per share (SPS) has grown over a specific period of time.

JetBlue Airways Corporation (NASDAQ:JBLU) has seen its SMA20 which is now 7.34%. The firm has "Buy" rating given on Friday, January 29 by Evercore. The rating was initiated by Barclays Capital on Thursday, December 15 with "Overweight". BidaskClub raised JetBlue Airways Corporation from a "hold" rating to a "buy" rating in a research report on Saturday, July 1st. CENTRAL TRUST Co acquired a new position in JetBlue Airways Corporation in the second quarter valued at about $162,000. The firm has "Hold" rating given on Thursday, May 25 by Stifel Nicolaus. On Monday, July 18 the stock rating was maintained by Barclays Capital with "Equalweight". Cowen & Co upgraded JetBlue Airways Corporation (NASDAQ:JBLU) on Wednesday, April 27 to "Outperform" rating. As per Wednesday, August 10, the company rating was maintained by Jefferies. During the key period of last 5 years, JetBlue Airways Corporation (NASDAQ:JBLU) sales have annually surged 8.00% on average, however its earnings per share growth remained at 51.00%. JBLU's profit will be $187.40M for 8.99 P/E if the $0.57 EPS becomes a reality. After $0.64 actual EPS reported by JetBlue Airways Corporation for the previous quarter, Wall Street now forecasts -10.94% negative EPS growth.

Providing a preliminary impact of Hurricanes Irma and Maria on the fourth quarter of 2017, JetBlue said it anticipates revenue will be negatively impacted by about $70 million to $90 million in the fourth quarter, while operating income is expected to be reduced by $50 million to $70 million, or $0.10 to $0.13 per share. Strategic Advsr owns 53,350 shares.

Insanely Easy and Clever Stock: Domino's Pizza, Inc. (NYSE:DPZ)
This repurchase authorization authorizes the restaurant operator to buy up to 13.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

(KR) to generate earnings per share of $1.98 in 2017. Its down 0.29, from 1.33 in 2017Q1. It dived, as 47 investors sold JBLU shares while 112 reduced holdings.

Among institutions that increased their positions, 108 were new positions. 268.97 million shares or 2.41% less from 275.61 million shares in 2017Q1 were reported.

Ratings analysis reveals 50% of JetBlue Airways's analysts are positive. Neuberger Berman Limited Liability Corporation has 68,880 shares.

Shares of JetBlue Airways Corporation (JBLU) traded down 0.560% on Thursday, reaching $20.415. Camarda Financial Advisors Llc, a Florida-based fund reported 109,192 shares.

Over the past year, the price of The Kroger Co. First Allied Advisory Incorporated owns 0.04% invested in JetBlue Airways Corporation (NASDAQ:JBLU) for 44,102 shares. Citigroup accumulated 139,481 shares. 9,500 are owned by Kistler. Nelson Van Denburg & Campbell Wealth Group Limited Liability Corporation owns 600 shares for 0.01% of their portfolio. JetBlue Airways Corporation (JBLU) has risen 18.75% since October 12, 2016 and is uptrending. Total debt to equity ratio of the company for most recent quarter is 0.32 while Long term debt to equity ratio for same time period is 0.26. Franklin Resources holds 91,649 shares. Hsbc Holdings Pcl holds 0.05% of its portfolio in Eastman Chemical Company (NYSE:EMN) for 337,334 shares. But in several cases high influential ownership could give a false signal to value investors, and can't be reconciled with the original intent of the strategy. The Georgia-based Zwj Counsel Inc has invested 0.02% in PPL Corp (NYSE:PPL).

Related Articles