Equities analysts predict that Fly Leasing Ltd (NYSE:FLY) will post earnings per share (EPS) of $0.47 for the current quarter, according to Zacks. Two analysts have issued estimates for Fly Leasing’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.48. Fly Leasing posted earnings per share of ($0.43) during the same quarter last year, which indicates a positive year over year growth rate of 209.3%. The firm is expected to announce its next quarterly earnings report on Thursday, November 8th.

According to Zacks, analysts expect that Fly Leasing will report full year earnings of $2.30 per share for the current financial year, with EPS estimates ranging from $2.20 to $2.36. For the next financial year, analysts expect that the business will post earnings of $2.62 per share, with EPS estimates ranging from $2.45 to $3.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Fly Leasing.

Fly Leasing (NYSE:FLY) last announced its quarterly earnings data on Thursday, August 23rd. The transportation company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.18. The business had revenue of $99.30 million during the quarter, compared to the consensus estimate of $98.62 million. Fly Leasing had a net margin of 7.43% and a return on equity of 5.79%. The firm’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 earnings per share.

Several brokerages have issued reports on FLY. TheStreet raised shares of Fly Leasing from a “d+” rating to a “c-” rating in a research note on Wednesday, September 19th. ValuEngine downgraded shares of Fly Leasing from a “buy” rating to a “hold” rating in a research note on Monday, June 4th. Citigroup raised their price objective on shares of Fly Leasing from $14.00 to $14.50 and gave the stock a “sell” rating in a research note on Friday, August 24th. Finally, Zacks Investment Research raised shares of Fly Leasing from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Friday, August 24th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Fly Leasing presently has an average rating of “Hold” and a consensus price target of $19.10.

NYSE FLY traded down $0.32 during trading on Wednesday, hitting $13.97. The stock had a trading volume of 71,500 shares, compared to its average volume of 114,581. The company has a debt-to-equity ratio of 4.29, a current ratio of 1.33 and a quick ratio of 1.33. The company has a market cap of $411.53 million, a P/E ratio of 158.11, a PEG ratio of 0.62 and a beta of 1.05. Fly Leasing has a one year low of $11.54 and a one year high of $15.32.

Several institutional investors have recently bought and sold shares of FLY. Wells Fargo & Company MN raised its stake in shares of Fly Leasing by 74.6% during the first quarter. Wells Fargo & Company MN now owns 215,137 shares of the transportation company’s stock valued at $2,863,000 after acquiring an additional 91,953 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Fly Leasing during the first quarter valued at approximately $286,000. Russell Investments Group Ltd. raised its stake in shares of Fly Leasing by 35.5% during the first quarter. Russell Investments Group Ltd. now owns 375,692 shares of the transportation company’s stock valued at $5,001,000 after acquiring an additional 98,431 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Fly Leasing during the first quarter valued at approximately $269,000. Finally, Uniplan Investment Counsel Inc. raised its stake in shares of Fly Leasing by 1.5% during the first quarter. Uniplan Investment Counsel Inc. now owns 543,957 shares of the transportation company’s stock valued at $7,240,000 after acquiring an additional 7,815 shares in the last quarter. 49.15% of the stock is owned by hedge funds and other institutional investors.

About Fly Leasing

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 DĂșn Laoghaire, Ireland.

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