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.
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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.
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