Analysts expect that Fly Leasing Ltd (NYSE:FLY) will announce earnings per share of $0.47 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Fly Leasing’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.44. Fly Leasing posted earnings per share of ($0.43) during the same quarter last year, which would suggest a positive year over year growth rate of 209.3%. The firm is scheduled to report its next quarterly earnings report before the market opens on Thursday, November 8th.

On average, 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 fiscal year, analysts expect that the company will report earnings of $2.62 per share, with EPS estimates ranging from $2.45 to $3.00. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Fly Leasing.

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

Several research analysts recently weighed in on the company. Zacks Investment Research downgraded Fly Leasing from a “buy” rating to a “hold” rating in a research note on Monday, August 27th. TheStreet upgraded Fly Leasing from a “d+” rating to a “c-” rating in a research note on Wednesday, September 19th. Finally, Citigroup boosted their target price on Fly Leasing from $14.00 to $14.50 and gave the stock a “sell” rating in a research note on Friday, August 24th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Fly Leasing currently has an average rating of “Hold” and a consensus target price of $19.13.

FLY stock traded up $0.27 on Friday, hitting $13.60. 70,049 shares of the company’s stock were exchanged, compared to its average volume of 111,217. Fly Leasing has a 12-month low of $11.54 and a 12-month high of $15.32. 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 $404.64 million, a price-to-earnings ratio of 151.11, a price-to-earnings-growth ratio of 0.61 and a beta of 1.03.

A number of hedge funds have recently made changes to their positions in FLY. Wells Fargo & Company MN grew its stake in Fly Leasing by 74.6% during the 1st quarter. Wells Fargo & Company MN now owns 215,137 shares of the transportation company’s stock worth $2,863,000 after buying an additional 91,953 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Fly Leasing by 35.5% during the 1st quarter. Russell Investments Group Ltd. now owns 375,692 shares of the transportation company’s stock valued at $5,001,000 after purchasing an additional 98,431 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Fly Leasing during the 1st quarter valued at about $269,000. Uniplan Investment Counsel Inc. grew its stake in Fly Leasing by 1.5% during the 1st quarter. Uniplan Investment Counsel Inc. now owns 543,957 shares of the transportation company’s stock valued at $7,240,000 after purchasing an additional 7,815 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in Fly Leasing by 123.4% during the 1st quarter. Point72 Asset Management L.P. now owns 136,850 shares of the transportation company’s stock valued at $1,821,000 after purchasing an additional 75,580 shares during the last quarter. Hedge funds and other institutional investors own 49.15% of the company’s stock.

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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