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Strong Liquidity Aids JetBlue (JBLU) Amid Weak Revenues
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We have recently updated a report on JetBlue Airways Corporation (JBLU - Free Report) .
JetBlue’s strong liquidity position is impressive. The carrier's current ratio (a measure of liquidity) at the end of first-quarter 2021 was 1.15 compared with 0.61 reading a year ago. Notably, JetBlue exited the first quarter with cash and cash equivalents of $2,358 million compared with $1,918 million at the end of 2020. Total debt at the end of the reported quarter was $5,082 million compared with $4,863 million at 2020 end.
Additionally, total operating expenses (on a reported basis) in 2020 declined 36% year over year, mainly owing to 65.9% plummet in expenses on aircraft fuel and related taxes. In first-quarter 2021, total operating expenses (on a reported basis) plunged 46.6% year over year, mainly due to 47% decline in aircraft fuel and related taxes.
Like other carriers, JetBlue is suffering from dismal passenger revenues due to coronavirus-induced weak air-travel demand. Due to weak passenger revenues, the carrier posted loss for five successive quarters. The carrier anticipates second-quarter 2021 revenues to decline in the 30-35% range from second-quarter 2019 levels.
Long-term (three to five years) expected earnings per share growth rate for Landstar, Triton and Herc Holdings is projected at 12%, 10% and 42.9%, respectively.
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If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%
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Strong Liquidity Aids JetBlue (JBLU) Amid Weak Revenues
We have recently updated a report on JetBlue Airways Corporation (JBLU - Free Report) .
JetBlue’s strong liquidity position is impressive. The carrier's current ratio (a measure of liquidity) at the end of first-quarter 2021 was 1.15 compared with 0.61 reading a year ago. Notably, JetBlue exited the first quarter with cash and cash equivalents of $2,358 million compared with $1,918 million at the end of 2020. Total debt at the end of the reported quarter was $5,082 million compared with $4,863 million at 2020 end.
Additionally, total operating expenses (on a reported basis) in 2020 declined 36% year over year, mainly owing to 65.9% plummet in expenses on aircraft fuel and related taxes. In first-quarter 2021, total operating expenses (on a reported basis) plunged 46.6% year over year, mainly due to 47% decline in aircraft fuel and related taxes.
Like other carriers, JetBlue is suffering from dismal passenger revenues due to coronavirus-induced weak air-travel demand. Due to weak passenger revenues, the carrier posted loss for five successive quarters. The carrier anticipates second-quarter 2021 revenues to decline in the 30-35% range from second-quarter 2019 levels.
Zacks Rank & Stocks to Consider
JetBlue currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Transportation sector include Landstar System, Inc. (LSTR - Free Report) , Triton International Limited and Herc Holdings Inc. (HRI - Free Report) . Herc Holdings and Landstar sport a Zacks Rank #1 (Strong Buy), while Triton carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term (three to five years) expected earnings per share growth rate for Landstar, Triton and Herc Holdings is projected at 12%, 10% and 42.9%, respectively.
Time to Invest in Legal Marijuana
If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%
You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
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