Equities research analysts expect Fly Leasing Ltd (NYSE:FLY) to post earnings per share of $0.50 for the current quarter, according to Zacks. Three analysts have made estimates for Fly Leasing’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.98. Fly Leasing reported earnings per share of $0.95 in the same quarter last year, which indicates a negative year over year growth rate of 47.4%. The company is expected to issue its next quarterly earnings results on Thursday, March 8th.

On average, analysts expect that Fly Leasing will report full year earnings of $0.16 per share for the current fiscal year, with EPS estimates ranging from $0.14 to $0.18. For the next financial year, analysts anticipate that the business will report earnings of $1.97 per share, with EPS estimates ranging from $1.55 to $2.40. Zacks’ EPS averages are an average based on a survey of research analysts that cover Fly Leasing.

A number of equities analysts have commented on FLY shares. Cowen reissued a “buy” rating and issued a $16.00 price objective on shares of Fly Leasing in a research note on Tuesday, September 19th. Compass Point reissued a “buy” rating and issued a $19.00 price objective (up previously from $17.00) on shares of Fly Leasing in a research note on Tuesday, October 3rd. ValuEngine raised Fly Leasing from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 6th. Zacks Investment Research lowered Fly Leasing from a “hold” rating to a “strong sell” rating in a research note on Monday, November 13th. Finally, Citigroup started coverage on Fly Leasing in a research note on Friday, December 8th. They issued a “sell” rating and a $13.50 price objective on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Fly Leasing currently has an average rating of “Hold” and a consensus price target of $17.10.

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new position in Fly Leasing in the third quarter worth $102,000. Parametric Portfolio Associates LLC lifted its stake in shares of Fly Leasing by 8.2% during the second quarter. Parametric Portfolio Associates LLC now owns 18,818 shares of the transportation company’s stock valued at $253,000 after acquiring an additional 1,424 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of Fly Leasing by 27.1% during the third quarter. Allianz Asset Management GmbH now owns 22,481 shares of the transportation company’s stock valued at $315,000 after acquiring an additional 4,798 shares during the period. Citadel Advisors LLC lifted its stake in shares of Fly Leasing by 191.1% during the second quarter. Citadel Advisors LLC now owns 29,401 shares of the transportation company’s stock valued at $395,000 after acquiring an additional 19,301 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Fly Leasing by 18.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 30,960 shares of the transportation company’s stock valued at $407,000 after acquiring an additional 4,851 shares during the period. 45.02% of the stock is currently owned by institutional investors.

Fly Leasing (FLY) opened at $12.99 on Friday. The company has a debt-to-equity ratio of 4.74, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $370.20, a price-to-earnings ratio of -6.01, a price-to-earnings-growth ratio of 0.65 and a beta of 1.07. Fly Leasing has a one year low of $11.91 and a one year high of $14.65.

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About Fly Leasing

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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