Fly Leasing (FLY) Set to Announce Earnings on Thursday

Fly Leasing (NYSE:FLY) is set to post its quarterly earnings results before the market opens on Thursday, November 8th. Analysts expect Fly Leasing to post earnings of $0.47 per share for the quarter.

Fly Leasing (NYSE:FLY) last released its quarterly earnings data on Thursday, August 23rd. The transportation company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.69 by $0.18. Fly Leasing had a net margin of 7.43% and a return on equity of 5.79%. The business had revenue of $99.30 million during the quarter, compared to the consensus estimate of $98.62 million. During the same quarter in the prior year, the firm earned $0.31 EPS. The business’s revenue was up 25.4% on a year-over-year basis. On average, analysts expect Fly Leasing to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

FLY opened at $13.15 on Wednesday. Fly Leasing has a 52 week low of $11.54 and a 52 week high of $15.32. The stock has a market cap of $381.97 million, a price-to-earnings ratio of 146.11, a P/E/G ratio of 0.58 and a beta of 1.01. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 4.29.

Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Fly Leasing from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd. ValuEngine downgraded shares of Fly Leasing from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Citigroup increased their price objective on shares of Fly Leasing from $14.00 to $14.50 and gave the company a “sell” rating in a report on Friday, August 24th. Finally, TheStreet raised shares of Fly Leasing from a “d+” rating to a “c-” rating in a report on Wednesday, September 19th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. Fly Leasing has a consensus rating of “Hold” and a consensus target price of $18.63.

WARNING: This news story was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/11/07/fly-leasing-fly-set-to-announce-earnings-on-thursday.html.

Fly Leasing Company Profile

Fly Leasing Limited, through its subsidiaries, purchases and leases commercial aircrafts under multi-year contracts to various airlines worldwide. As of December 31, 2017, the company had a portfolio of 85 aircrafts, including 73 narrow-body passenger aircrafts and 12 wide-body passenger aircrafts. Fly Leasing Limited was founded in 2007 and is headquartered in Dún Laoghaire, Ireland.

Featured Article: Stop Order Uses For Individual Investors

Earnings History for Fly Leasing (NYSE:FLY)

Receive News & Ratings for Fly Leasing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fly Leasing and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply