Fly Leasing Limited (NYSE:FLY) to Release Earnings on Thursday
Fly Leasing Limited (NYSE:FLY) will be releasing its earnings data before the market opens on Thursday, August 10th. Analysts expect Fly Leasing Limited to post earnings of $0.25 per share for the quarter.
Fly Leasing Limited (NYSE:FLY) last released its quarterly earnings results on Thursday, May 11th. The transportation company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Fly Leasing Limited had a negative net margin of 9.21% and a positive return on equity of 11.96%. The business had revenue of $79.27 million for the quarter, compared to analysts’ expectations of $83.27 million. During the same period last year, the business earned $0.47 EPS. The company’s revenue was down 2.4% compared to the same quarter last year. On average, analysts expect Fly Leasing Limited to post $1.31 EPS for the current fiscal year and $2.01 EPS for the next fiscal year.
Shares of Fly Leasing Limited (NYSE FLY) opened at 13.99 on Wednesday. Fly Leasing Limited has a 12-month low of $11.41 and a 12-month high of $14.45. The company’s market capitalization is $449.86 million. The stock has a 50 day moving average of $13.71 and a 200-day moving average of $13.39.
A number of brokerages have recently weighed in on FLY. ValuEngine upgraded Fly Leasing Limited from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Royal Bank Of Canada restated a “buy” rating on shares of Fly Leasing Limited in a research report on Friday, April 21st. BidaskClub upgraded Fly Leasing Limited from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded Fly Leasing Limited from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $17.10.
Fly Leasing Limited 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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