Fly Leasing Limited (FLY) Set to Announce Earnings on Thursday
Fly Leasing Limited (NYSE:FLY) is set to post its quarterly earnings results before the market opens on Thursday, November 9th. Analysts expect Fly Leasing Limited to post earnings of $0.36 per share for the quarter.
Fly Leasing Limited (NYSE:FLY) last posted its quarterly earnings results on Thursday, August 10th. The transportation company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. The company had revenue of $79.21 million for the quarter, compared to the consensus estimate of $83.17 million. Fly Leasing Limited had a positive return on equity of 11.37% and a negative net margin of 9.68%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 EPS. On average, analysts expect Fly Leasing Limited to post $1.02 EPS for the current fiscal year and $2.08 EPS for the next fiscal year.
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Several analysts have recently weighed in on FLY shares. Cowen and Company reaffirmed a “buy” rating and set a $16.00 price target on shares of Fly Leasing Limited in a research note on Tuesday, September 19th. BidaskClub raised shares of Fly Leasing Limited from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. ValuEngine raised shares of Fly Leasing Limited from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 6th. Compass Point reaffirmed a “buy” rating and set a $19.00 price target (up previously from $17.00) on shares of Fly Leasing Limited in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research raised shares of Fly Leasing Limited from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Tuesday, August 15th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $17.60.
Fly Leasing Limited Company Profile
Fly Leasing Limited is engaged in purchasing commercial aircraft, which it leases under multi-year contracts to a range of airlines throughout the world. The Company primarily acquires aircraft by entering into purchase and leaseback transactions with airlines for new aircraft; purchasing portfolios, which consists of aircraft of various types and ages, and acquiring individual aircraft.
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