Fly Leasing (NYSE:FLY) posted its quarterly earnings data on Friday. The transportation company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.02, Briefing.com reports. Fly Leasing had a return on equity of 22.62% and a net margin of 29.64%. The company had revenue of $139.00 million during the quarter, compared to analysts’ expectations of $148.20 million. During the same period last year, the firm earned $0.75 EPS. The firm’s revenue for the quarter was up 32.9% on a year-over-year basis.
Fly Leasing stock traded down $1.38 during mid-day trading on Friday, reaching $20.62. 564,555 shares of the company were exchanged, compared to its average volume of 182,458. Fly Leasing has a twelve month low of $10.42 and a twelve month high of $23.21. The firm’s 50-day simple moving average is $20.27 and its two-hundred day simple moving average is $18.03. The company has a debt-to-equity ratio of 3.56, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $658.98 million, a PE ratio of 6.74 and a beta of 0.83.
A number of research firms have weighed in on FLY. Zacks Investment Research cut Fly Leasing from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 29th. ValuEngine raised Fly Leasing from a “strong sell” rating to a “sell” rating in a research report on Friday, November 1st. Compass Point set a $23.00 price objective on Fly Leasing and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, JPMorgan Chase & Co. raised Fly Leasing from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $23.00 to $27.50 in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Fly Leasing currently has a consensus rating of “Hold” and a consensus target price of $23.13.
Fly Leasing Company Profile
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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