Fly Leasing (FLY) Earning Somewhat Favorable Press Coverage, Report Shows

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News stories about Fly Leasing (NYSE:FLY) have trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded 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 assigned media coverage about the transportation company an impact score of 46.0290508872085 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news stories that may have effected Accern’s rankings:

Shares of Fly Leasing traded up $0.05, hitting $13.97, during midday trading on Wednesday, according to 1,497 shares of the stock traded hands, compared to its average volume of 90,190. The company has a market cap of $394.88 million, a price-to-earnings ratio of 155.22, a P/E/G ratio of 0.61 and a beta of 0.93. Fly Leasing has a one year low of $11.54 and a one year high of $14.97. 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 (NYSE:FLY) last released its quarterly earnings data on Thursday, May 3rd. The transportation company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.09. The firm had revenue of $88.76 million during the quarter, compared to the consensus estimate of $87.16 million. Fly Leasing had a return on equity of 3.02% and a net margin of 1.98%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 earnings per share. equities research analysts anticipate that Fly Leasing will post 2.24 earnings per share for the current year.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Fly Leasing from a “buy” rating to a “hold” rating in a report on Thursday, May 3rd. ValuEngine downgraded Fly Leasing from a “buy” rating to a “hold” rating in a report on Monday, June 4th. JPMorgan Chase & Co. lifted their target price on Fly Leasing from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Tuesday, March 6th. Finally, Royal Bank of Canada lifted their target price on Fly Leasing to $30.00 and gave the stock an “outperform” rating in a report on Monday, May 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Fly Leasing currently has a consensus rating of “Hold” and a consensus target price of $17.92.

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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