News headlines about Fly Leasing Limited (NYSE:FLY) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fly Leasing Limited earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media coverage about the transportation company an impact score of 47.2037036903291 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Fly Leasing reports Q3 2017 financial results (financial-news.co.uk)
- Fly Leasing Reports Third Quarter 2017 Financial Results (finance.yahoo.com)
- Fly Leasing reports 3Q loss (finance.yahoo.com)
- Edited Transcript of FLY earnings conference call or presentation 9-Nov-17 2:00pm GMT (finance.yahoo.com)
- Fly Leasing Limited (FLY) Posts Quarterly Earnings Results, Beats Expectations By $0.15 EPS (americanbankingnews.com)
Several equities research analysts have commented on FLY shares. Cowen and Company restated a “buy” rating and issued a $16.00 target price on shares of Fly Leasing Limited in a research note on Tuesday, September 19th. BidaskClub upgraded Fly Leasing Limited from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. ValuEngine upgraded Fly Leasing Limited from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 6th. Compass Point restated a “buy” rating and issued a $19.00 target price (up previously from $17.00) on shares of Fly Leasing Limited in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded Fly Leasing Limited from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Tuesday, August 15th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $17.60.
Shares of Fly Leasing Limited (FLY) traded down $0.09 during trading on Friday, hitting $13.72. The stock had a trading volume of 76,800 shares, compared to its average volume of 69,029. Fly Leasing Limited has a one year low of $11.91 and a one year high of $14.65. The company has a market cap of $414.00, a PE ratio of 11.73, a P/E/G ratio of 1.35 and a beta of 1.10. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 4.48.
Fly Leasing Limited (NYSE:FLY) last announced its quarterly earnings data on Thursday, August 10th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Fly Leasing Limited had a positive return on equity of 6.59% and a negative net margin of 19.77%. The company had revenue of $79.21 million for the quarter, compared to analysts’ expectations of $83.17 million. During the same quarter in the prior year, the business posted $0.45 EPS. The business’s revenue was up 3.8% compared to the same quarter last year. analysts forecast that Fly Leasing Limited will post 0.74 earnings per share for the current fiscal year.
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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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