Fly Leasing (NYSE:FLY) released its earnings results on Thursday. The transportation company reported $1.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.47, Morningstar.com reports. Fly Leasing had a net margin of 29.64% and a return on equity of 22.99%. The firm had revenue of $147.00 million for the quarter, compared to analyst estimates of $140.40 million. During the same period in the prior year, the firm earned $0.90 earnings per share. The business’s quarterly revenue was up 43.1% compared to the same quarter last year.
Shares of Fly Leasing stock opened at $20.00 on Friday. The firm has a market capitalization of $569.65 million, a P/E ratio of 6.54 and a beta of 0.92. Fly Leasing has a 52 week low of $10.42 and a 52 week high of $21.24. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.86. The firm’s 50 day moving average is $17.23 and its two-hundred day moving average is $15.14.
A number of analysts recently weighed in on the stock. ValuEngine upgraded shares of Fly Leasing from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research lowered shares of Fly Leasing from a “buy” rating to a “hold” rating in a research note on Friday, July 26th.
About Fly Leasing
Fly Leasing Limited, through its subsidiaries, purchases and leases commercial aircraft under multi-year contracts to various airlines worldwide. As of December 31, 2018, it had a portfolio of 101 aircraft, including 90 narrow-body passenger aircraft and 11 wide-body passenger aircraft, as well as 7 engines.
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