Equities research analysts expect that Fly Leasing Ltd (NYSE:FLY) will report $1.45 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have issued estimates for Fly Leasing’s earnings. The highest EPS estimate is $1.50 and the lowest is $1.43. Fly Leasing reported earnings of $0.90 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 61.1%. The firm is expected to issue its next earnings results before the market opens on Thursday, August 22nd.
According to Zacks, analysts expect that Fly Leasing will report full-year earnings of $3.93 per share for the current financial year, with EPS estimates ranging from $3.75 to $4.10. For the next financial year, analysts forecast that the business will post earnings of $3.33 per share, with EPS estimates ranging from $3.15 to $3.45. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Fly Leasing.
Fly Leasing (NYSE:FLY) last announced its earnings results on Thursday, May 9th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.26. Fly Leasing had a return on equity of 18.59% and a net margin of 26.08%. The business had revenue of $134.70 million during the quarter, compared to analyst estimates of $133.37 million. During the same quarter in the previous year, the business earned $0.44 earnings per share. The company’s revenue for the quarter was up 51.8% compared to the same quarter last year.
Several large investors have recently made changes to their positions in the business. Renaissance Group LLC raised its stake in shares of Fly Leasing by 2.5% during the first quarter. Renaissance Group LLC now owns 58,100 shares of the transportation company’s stock valued at $804,000 after acquiring an additional 1,420 shares in the last quarter. SFE Investment Counsel raised its stake in shares of Fly Leasing by 2.0% during the first quarter. SFE Investment Counsel now owns 106,435 shares of the transportation company’s stock valued at $1,473,000 after acquiring an additional 2,050 shares in the last quarter. Advisors Preferred LLC bought a new stake in shares of Fly Leasing during the first quarter valued at approximately $117,000. PEAK6 Investments LLC bought a new stake in shares of Fly Leasing during the fourth quarter valued at approximately $111,000. Finally, Donald Smith & CO. Inc. raised its stake in shares of Fly Leasing by 0.6% during the first quarter. Donald Smith & CO. Inc. now owns 2,687,801 shares of the transportation company’s stock valued at $37,199,000 after acquiring an additional 17,229 shares in the last quarter. Institutional investors and hedge funds own 44.87% of the company’s stock.
Shares of NYSE:FLY traded down $0.34 during trading hours on Wednesday, hitting $17.17. 167,298 shares of the company’s stock traded hands, compared to its average volume of 157,300. Fly Leasing has a 1 year low of $10.42 and a 1 year high of $17.73. The firm has a fifty day simple moving average of $16.90. The firm has a market cap of $493.32 million, a price-to-earnings ratio of 5.61 and a beta of 0.90. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.86.
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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