Media coverage about Fly Leasing (NYSE:FLY) has been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fly Leasing earned a news impact score of 0.11 on Accern’s scale. Accern also gave news headlines about the transportation company an impact score of 45.1578580959832 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several research firms have issued reports on FLY. ValuEngine cut Fly Leasing from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Citigroup assumed coverage on Fly Leasing in a research note on Friday, December 8th. They set a “sell” rating and a $13.50 target price for the company. Finally, Zacks Investment Research upgraded Fly Leasing from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.10.
Fly Leasing (FLY) traded down $0.12 during trading hours on Friday, reaching $12.85. The company had a trading volume of 231,700 shares, compared to its average volume of 127,158. The stock has a market capitalization of $368.77, a price-to-earnings ratio of -5.95, a PEG ratio of 0.65 and a beta of 1.03. The company has a debt-to-equity ratio of 4.74, a quick ratio of 1.18 and a current ratio of 1.18. Fly Leasing has a 52-week low of $11.91 and a 52-week high of $14.65.
Fly Leasing (NYSE:FLY) last announced its quarterly earnings results on Thursday, November 9th. The transportation company reported ($0.43) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.81). The business had revenue of $86.22 million for the quarter, compared to analysts’ expectations of $89.36 million. Fly Leasing had a positive return on equity of 6.72% and a negative net margin of 19.77%. equities analysts anticipate that Fly Leasing will post 0.17 earnings per share for the current fiscal year.
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Fly Leasing Company Profile
Fly Leasing Limited is engaged in purchasing commercial aircraft, which it leases under multi-year contracts to a range of airlines throughout the world. The Company primarily acquires aircraft by entering into purchase and leaseback transactions with airlines for new aircraft; purchasing portfolios, which consists of aircraft of various types and ages, and acquiring individual aircraft.
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