Shares of Fly Leasing Ltd (NYSE:FLY) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $16.91 and traded as high as $17.16. Fly Leasing shares last traded at $17.12, with a volume of 999 shares changing hands.

Several equities analysts recently commented on the stock. Goldman Sachs Group reaffirmed a “neutral” rating and set a $393.00 target price on shares of Boeing in a report on Monday, April 8th. Zacks Investment Research lowered shares of HEXO from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Finally, ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $17.17.

The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.10 and a current ratio of 1.10. The company’s fifty day simple moving average is $16.91. The firm has a market capitalization of $492.74 million, a P/E ratio of 5.56 and a beta of 0.90.

Fly Leasing (NYSE:FLY) last released its earnings results on Thursday, May 9th. The transportation company reported $1.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.26. Fly Leasing had a net margin of 26.08% and a return on equity of 18.59%. The company had revenue of $134.70 million for the quarter, compared to analyst estimates of $133.37 million. During the same quarter last year, the firm earned $0.44 EPS. The firm’s quarterly revenue was up 51.8% compared to the same quarter last year. On average, sell-side analysts forecast that Fly Leasing Ltd will post 3.95 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Donald Smith & CO. Inc. boosted its stake in shares of Fly Leasing by 0.6% during the 1st quarter. Donald Smith & CO. Inc. now owns 2,687,801 shares of the transportation company’s stock valued at $37,199,000 after purchasing an additional 17,229 shares in the last quarter. Monarch Partners Asset Management LLC boosted its stake in shares of Fly Leasing by 95.4% during the 1st quarter. Monarch Partners Asset Management LLC now owns 166,985 shares of the transportation company’s stock valued at $2,311,000 after purchasing an additional 81,545 shares in the last quarter. SFE Investment Counsel boosted its stake in shares of Fly Leasing by 2.0% during the 1st quarter. SFE Investment Counsel now owns 106,435 shares of the transportation company’s stock valued at $1,473,000 after purchasing an additional 2,050 shares in the last quarter. Renaissance Group LLC boosted its stake in shares of Fly Leasing by 2.5% during the 1st quarter. Renaissance Group LLC now owns 58,100 shares of the transportation company’s stock valued at $804,000 after purchasing an additional 1,420 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Fly Leasing during the 2nd quarter valued at about $818,000. 44.87% of the stock is currently owned by institutional investors and hedge funds.

Fly Leasing Company Profile (NYSE:FLY)

Fly Leasing Limited, through its subsidiaries, purchases and leases commercial aircraft under multi-year contracts to various airlines worldwide. As of December 31, 2018, it had a portfolio of 101 aircraft, including 90 narrow-body passenger aircraft and 11 wide-body passenger aircraft, as well as 7 engines.

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