Earnings per share of $ 0.47 expected for Fly Leasing Ltd (FLY) this quarter

Wall Street badysts expect Fly Leasing Ltd. (NYSE: FLY) to announce earnings per share of $ 0.47 for the current quarter, says Zacks Investment Research. Two badysts have published earnings estimates for Fly Leasing. The lowest EPS is estimated at 0.44 USD and the highest at 0.48 USD. Fly Leasing reported earnings per share of (US $ 0.43) in the same quarter of last year, suggesting a positive growth rate of 209.3% year-over-year. The company is expected to release its next quarterly results before the market opens on Thursday, November 8th.

According to Zacks, badysts expect Fly Leasing to report annual earnings of $ 2.30 per share for the current year, with EPS estimates ranging from $ 2.20 to $ 2.36. For the upcoming year, badysts expect the company to report earnings of $ 2.62 per share, with EPS estimates ranging from $ 2.45 to $ 3.00. Zacks Investment Research's earnings-per-share calculations are based on a survey of badysts who follow Fly Leasing.

Fly Leasing (NYSE: FLY) has announced its quarterly results for the last time on Thursday, August 23. The transportation company reported earnings per share of $ 0.87 for the quarter, up $ 0.18 from Thomson Reuters consensus estimate. The company reported revenue of $ 99.30 million in the quarter, down from $ 98.62 million, according to badysts. Fly Leasing had a return on equity of 5.79% and a net margin of 7.43%. The company's turnover increased 25.4% year-on-year. In the same quarter last year, the company reported earnings per share of $ 0.31.

FLY has been the subject of several reports from research badysts. Zacks Investment Research upgraded Fly Leasing's lease from "hold" to "buy" and set a target price of $ 15.00 for the company in a report on Wednesday, October 24th. Citigroup increased its price target on Fly Leasing from $ 14.00 to $ 14.50 and awarded the company a sale rating in a report released on Friday, August 24th. In a report released on Thursday, ValuEngine lowered the leasing of Fly Leasing from "hold" to "sell". Finally, TheStreet turned Fly Leasing from "d +" to "c-" in a report on Wednesday, September 19th. Three research badysts badigned a sales rating to the title, one a retention attribute and another badigning a purchase note to the company. Fly Leasing currently has a Consensus rating of "Retention" and an average price target of $ 18.63.

Fly Leasing shares sold $ 0.19 during Tuesday trading, reaching $ 13.31. The stock traded 35,352 shares, compared with an average of 61,010 shares. The company has a fast ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 4.29. The company has a market capitalization of $ 381.97 million, a price / earnings ratio of 11.47, a price / earnings ratio of 0.58 and a beta of 1.01. Fly Leasing has a minimum of 52 weeks of $ 11.54 and a maximum of fifty-two weeks of $ 15.32.

Institutional investors have recently changed their positions in the company. Cozad Asset Management Inc. acquired a new interest in Fly Leasing shares during the second quarter for a value of $ 316,000. Campbell & CO Investment Adviser LLC increased its position in Fly Leasing shares by 67.2% in the second quarter. Campbell & CO Investment Adviser LLC now holds 22,467 shares of the transportation company, valued at $ 317,000, after purchasing 9,028 additional shares during the period. Mount Yale Investment Advisors LLC acquired a new interest in Fly Leasing shares during the second quarter, for $ 344,000. Citadel Advisors LLC increased its position in Fly Leasing shares by 27.0% in the second quarter. Citadel Advisors LLC now holds 25,715 shares of the transportation company, worth $ 363,000, after purchasing an additional 5,468 shares during the period. Finally, Bank of Montreal Can acquired a new stake in Fly Leasing shares worth $ 592,000 in the second quarter. 49.06% of the capital currently belongs to institutional investors.

Fly Leasing Company Profile

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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