News headlines about Fly Leasing Limited (NYSE:FLY) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Fly Leasing Limited earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave press coverage about the transportation company an impact score of 45.7854899661396 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Zacks: Brokerages Expect Fly Leasing Limited (FLY) Will Post Quarterly Sales of $89.03 Million (americanbankingnews.com)
- Fly Leasing Limited (FLY) Expected to Announce Earnings of $0.37 Per Share (americanbankingnews.com)
- Fly Leasing Limited (FLY) Upgraded at ValuEngine (americanbankingnews.com)
- Fly Leasing to Report Third Quarter 2017 … (ih.advfn.com)
- Fly Leasing to Report Third Quarter 2017 Financial Results on November 9, 2017 (finance.yahoo.com)
Several analysts recently weighed in on FLY shares. Zacks Investment Research upgraded shares of Fly Leasing Limited from a “sell” rating to a “hold” rating in a report on Monday, July 17th. ValuEngine downgraded shares of Fly Leasing Limited from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Cowen and Company reiterated a “buy” rating and issued a $16.00 target price on shares of Fly Leasing Limited in a report on Tuesday, September 19th. BidaskClub upgraded shares of Fly Leasing Limited from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Compass Point reiterated a “buy” rating and issued a $19.00 target price (up previously from $17.00) on shares of Fly Leasing Limited in a report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.60.
Fly Leasing Limited (NYSE FLY) traded down 0.90% during mid-day trading on Thursday, reaching $14.27. 41,885 shares of the company traded hands. The stock has a 50-day moving average of $13.95 and a 200 day moving average of $13.42. The stock’s market capitalization is $430.58 million. Fly Leasing Limited has a 52-week low of $11.85 and a 52-week high of $14.65.
Fly Leasing Limited (NYSE:FLY) last issued its earnings results on Thursday, August 10th. The transportation company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. Fly Leasing Limited had a negative net margin of 9.68% and a positive return on equity of 11.37%. The business had revenue of $79.21 million for the quarter, compared to the consensus estimate of $83.17 million. During the same quarter last year, the firm posted $0.45 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research analysts expect that Fly Leasing Limited will post $0.86 earnings per share for the current 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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