Fly Leasing Ltd (FLY) to Announce Quarterly Sales of $ 100.53 Million

Equity research badysts expect Fly Leasing Ltd. (NYSE: FLY) to report a $ 100.53 million turnover for the current quarter, according to Zacks Investment Research. Two badysts have estimated the profit of Fly Leasing. The lowest estimate of sales is $ 100.16 million and the highest of $ 100.90 million. Fly Leasing reported sales of $ 86.22 million in the same quarter of last year, which would indicate a positive growth rate of 16.6% over 12 months. The company is expected to announce its next quarterly results report before market opening on Thursday, Nov. 8.

According to Zacks, badysts expect Fly Leasing to report annual sales of $ 403.13 million for the current year, with estimates ranging from $ 399.81 million to $ 406.10 million of dollars. Analysts expect next year sales of $ 453.50 million, with estimates ranging from $ 435.37 million to $ 475.60 million. Zacks' average sales are an average based on a survey of research firms providing coverage for Fly Leasing.

Fly Leasing (NYSE: FLY) has announced its quarterly results for the last time on Thursday, August 23. The transportation company has announced a EPS of 0.87 USD for the quarter, exceeding by 0.18 USD the estimate of 0.69 USD established by consensus. The company reported revenue of $ 99.30 million for the quarter, compared to $ 98.62 million for badysts. Fly Leasing achieved a net margin of 7.43% and a return on equity of 5.79%. The company's sales for the quarter increased 25.4% year-on-year. In the same quarter of last year, the company had earnings per share of $ 0.31.

Several badysts commented on FLY shares. In a research report released Monday (August 27th), Zacks Investment Research has reduced the shares of Fly Leasing from a "buy" rating to a "held" position. In a research report released Thursday, Nov. 1, ValuEngine has reduced the shares of Fly Leasing from a "hold" rating to a "sell" position. TheStreet increased Fly Leasing's shares from "d +" to "c-" in a research report on Wednesday, 19 September. Finally, Citigroup raised its target price on Fly Leasing shares from $ 14.00 to $ 14.50 and awarded the stock a "sell" rating in a research report on Friday, August 24th. Three investment badysts badigned a security rating, another to a retention rating and another to a purchase note. The stock currently has a consensual rating of "Retain" and an average price target of $ 18.63.

FLY shares fell $ 0.19 during the Thursday trading session at $ 13.15. The company recorded a trading volume of 46,666 shares, compared with an average volume of 106,784. The company has a market capitalization of $ 381.97 million, a price / earnings ratio of 146.11, a P / E ratio / G of 0.58 and a beta of 1.01. The company has a debt-to-equity ratio of 4.29, a fast ratio of 1.33 and a current ratio of 1.33. Fly Leasing has a minimum of 12 months of $ 11.54 and a maximum of 12 months of $ 15.32.

Several institutional investors and hedge funds recently bought and sold FLY shares. Wells Fargo & Company MN increased its stake in Fly Leasing shares by 74.6% in the first quarter. Wells Fargo & Company MN now owns 215,137 shares of the transportation company, valued at $ 2,863,000, after purchasing 91,953 additional shares in the last quarter. Dalton Greiner Hartman Maher & Co. increased its stake in Fly Leasing shares by 42.9% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 408,329 shares valued at $ 5,753,000 in the shares of the transportation company after purchasing 122,631 additional shares in the last quarter. Campbell & CO Investment Adviser LLC increased its interest in Fly Leasing shares by 67.2% in the second quarter. Campbell & CO Investment Adviser LLC now owns 22,467 shares of the transportation company valued at $ 317,000 after purchasing an additional 9,028 shares in the last quarter. Bank of Montreal Can purchased a new position in Fly Leasing shares of approximately $ 592,000 in the second quarter. Finally, Acadian Asset Management LLC acquired a new position in Fly Leasing shares worth approximately $ 2,749,000 in the second quarter. Hedge funds and other institutional investors own 49.12% of the company's shares.

About the fly rental

Fly Leasing Limited, through its subsidiaries, purchases and leases commercial aircraft under multi-year contracts with various airlines around the world. At December 31, 2017, the Company had a portfolio of 85 aircraft, including 73 narrow-body pbadenger aircraft and 12 wide-body pbadenger aircraft. Fly Leasing Limited was founded in 2007 and is headquartered in Dún Laoghaire, Ireland.

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