Headlines about Fly Leasing (NYSE:FLY) have trended somewhat positive on Wednesday, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fly Leasing earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the transportation company an impact score of 46.0290508872085 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern’s analysis:
- Brokerages Expect Fly Leasing Ltd (FLY) Will Post Quarterly Sales of $102.90 Million (americanbankingnews.com)
- Fly Leasing Ltd (FLY) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- The Shuttleworth Collection’s ‘Fly Navy’ Air Show (warbirdsnews.com)
- Brokerages Expect Fly Leasing Ltd (FLY) to Announce $0.74 EPS (americanbankingnews.com)
- With An ROE Of 1.29%, Can Fly Leasing Limited (NYSE:FLY) Catch Up To The Industry? (finance.yahoo.com)
Several research analysts recently issued reports on the company. Zacks Investment Research cut Fly Leasing from a “buy” rating to a “hold” rating in a research report on Thursday, May 3rd. ValuEngine cut Fly Leasing from a “buy” rating to a “hold” rating in a research report on Monday, June 4th. JPMorgan Chase & Co. lifted their target price on Fly Leasing from $14.00 to $15.00 and gave the company an “underweight” rating in a research report on Tuesday, March 6th. Finally, Royal Bank of Canada lifted their target price on Fly Leasing to $30.00 and gave the company an “outperform” rating in a research report on Monday, May 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.92.
Shares of Fly Leasing traded up $0.05, hitting $13.97, during mid-day trading on Wednesday, Marketbeat Ratings reports. 1,497 shares of the company traded hands, compared to its average volume of 90,190. The stock has a market cap of $394.88 million, a price-to-earnings ratio of 155.22, a PEG ratio of 0.61 and a beta of 0.93. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 4.74. Fly Leasing has a 12-month low of $11.54 and a 12-month high of $14.97.
Fly Leasing (NYSE:FLY) last posted its quarterly earnings data on Thursday, May 3rd. The transportation company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.09. Fly Leasing had a return on equity of 3.02% and a net margin of 1.98%. The business had revenue of $88.76 million for the quarter, compared to analysts’ expectations of $87.16 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The business’s revenue was up 12.0% on a year-over-year basis. equities research analysts expect that Fly Leasing will post 2.24 earnings per share for the current year.
About Fly Leasing
Fly Leasing Limited, through its subsidiaries, purchases and leases commercial aircrafts under multi-year contracts to various airlines worldwide. As of December 31, 2017, the company had a portfolio of 85 aircrafts, including 73 narrow-body passenger aircrafts and 12 wide-body passenger aircrafts. Fly Leasing Limited was founded in 2007 and is headquartered in Dún Laoghaire, Ireland.
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