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Earnings
Fly Leasing reports Q4 adjusted EPS $2.49, consensus $1.69 » 07:27
02/27/20
02/27
07:27
02/27/20
07:27
FLY

Fly Leasing

$16.12 /

-0.1 (-0.62%)

Reports Q4 revenue…

Reports Q4 revenue $154.25M, consensus $136.32M. Q4 Return on equity was 35.9%, Adjusted return on equity was 36.7%. Book value per share was $28.42, which was a 32% increase in the year.

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Over a quarter ago
Syndicate
Fly Leasing files to sell 3.11M American Depositary Shares for holders  17:09
11/14/19
11/14
17:09
11/14/19
17:09
FLY

Fly Leasing

$19.41 /

+0.06 (+0.31%)

 
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Earnings
Fly Leasing reports Q3 adjusted EPS $1.93, consensus $1.91 » 07:08
11/08/19
11/08
07:08
11/08/19
07:08
FLY

Fly Leasing

$21.97 /

+0.26 (+1.20%)

Reports Q3 revenue…

Reports Q3 revenue $139.03M, consensus $148.21M. Adjusted Return on Equity was 30.8%. Sold eight aircraft for a gain of $38.9M, a 17% premium to book value. Purchased two aircraft for $53.7M. $25.85 book value per share at quarter end, a 20% increase since December 31, 2018.

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Fly Leasing upgraded to Neutral following underperformance at JPMorgan » 08:39
10/21/19
10/21
08:39
10/21/19
08:39
FLY

Fly Leasing

$19.55 /

+0.175 (+0.90%)

As previously reported,…

As previously reported, JPMorgan analyst Jamie Baker upgraded Fly Leasing (FLY) to Neutral from Underweight with a $27.50 price target, up from $23.00. Baker notes that the shares have unperformed peers since August and his rolled-forward valuation projects upside potential of about 41%, which warrants a higher rating. Despite a more recent pullback from highs, the stock has rallied about 85% year-to-date and "comfortably taken up residence in the valuation neighborhood of its larger peers" after several years of chronic discount, and Baker does not expect the newer comparative valuation to change, he stated.

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Fly Leasing upgraded to Neutral from Underweight at JPMorgan » 04:49
10/21/19
10/21
04:49
10/21/19
04:49
FLY

Fly Leasing

$19.55 /

+0.175 (+0.90%)

JPMorgan analyst Jamie…

JPMorgan analyst Jamie Baker upgraded Fly Leasing to Neutral from Underweight with a $27.50 price target.

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Conference/Events
Fly Leasing » 04:55
09/04/19
09/04
04:55
09/04/19
04:55
AER

AerCap

$53.11 /

-0.55 (-1.03%)

, AL

Air Lease

$40.75 /

-0.905 (-2.17%)

, AYR

Aircastle

$21.30 /

-0.56 (-2.56%)

, BA

Boeing

$354.42 /

-9.69 (-2.66%)

, EADSY

Airbus

$0.00 /

+ (+0.00%)

, FLY

Fly Leasing

$20.80 /

+0.075 (+0.36%)

9th Annual Aircraft,…

9th Annual Aircraft, Finance & Leasing Conference will be held in New York on September 3-4 with a pre-conference being held on September 3 followed by the conference on September 4.

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Conference/Events
Fly Leasing » 07:54
09/03/19
09/03
07:54
09/03/19
07:54
AER

AerCap

$53.66 /

+0.53 (+1.00%)

, AL

Air Lease

$41.66 /

+0.525 (+1.28%)

, AYR

Aircastle

$21.86 /

-0.02 (-0.09%)

, BA

Boeing

$364.11 /

+1.44 (+0.40%)

, EADSY

Airbus

$0.00 /

+ (+0.00%)

, FLY

Fly Leasing

$20.73 /

+0.025 (+0.12%)

9th Annual Aircraft,…

9th Annual Aircraft, Finance & Leasing Conference will be held in New York on September 3-4 with a pre-conference being held on September 3 followed by the conference on September 4.

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Hot Stocks
Fly Leasing rises 9.2% » 09:47
08/22/19
08/22
09:47
08/22/19
09:47
FLY

Fly Leasing

$20.00 /

+1.75 (+9.59%)

Fly Leasing is up 9.2%,…

Fly Leasing is up 9.2%, or $1.68 to $19.95.

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Hot Stocks
Fly Intel: Pre-market Movers » 09:13
08/22/19
08/22
09:13
08/22/19
09:13
HRL

Hormel Foods

$40.96 /

+0.07 (+0.17%)

, DKS

Dick's Sporting

$32.97 /

+0.62 (+1.92%)

, BJ

BJ's Wholesale

$22.54 /

+0.915 (+4.23%)

, FLWS

1-800-Flowers.com

$19.36 /

+0.74 (+3.97%)

, FLY

Fly Leasing

$18.25 /

+0.265 (+1.47%)

, JWN

Nordstrom

$26.51 /

+1.38 (+5.49%)

, KEYS

Keysight Technologies

$89.14 /

+1.85 (+2.12%)

, WUBA

58.com

$56.06 /

+0.83 (+1.50%)

, RTRX

Retrophin

$17.39 /

+0.3 (+1.76%)

, SQM

SQM

$25.40 /

-0.86 (-3.27%)

, SEDG

SolarEdge

$87.87 /

+3.16 (+3.73%)

UP AFTER EARNINGS: Hormel…

UP AFTER EARNINGS: Hormel Foods (HRL), up 4%... Dick's Sporting (DKS), up 8%... BJ's Wholesale (BJ), up 9%... 1-800-Flowers.com (FLWS), up 5%... Fly Leasing (FLY), up 6%... Nordstrom (JWN), up 9%... Keysight Technologies (KEYS), up 7%. DOWN AFTER EARNINGS: 58.com (WUBA), down 4%. ALSO LOWER: Retrophin (RTRX), down 30% after the Phase 3 FORT study did not meet its primary or secondary endpoints... SQM (SQM), down 9% after JPMorgan analyst Lucas Ferreira downgraded the stock to Underweight from Neutral after the company "once again" lowered its lithium price forecast citing significant exposure to the deteriorating Chinese market... SolarEdge (SEDG), down 5.5% after UBS analyst Jon Windham downgraded shares to Neutral from Buy.

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Hot Stocks
Fly Leasing CEO says 'FLY continues to achieve record results' » 07:04
08/22/19
08/22
07:04
08/22/19
07:04
FLY

Fly Leasing

$18.25 /

+0.265 (+1.47%)

"FLY continues to…

"FLY continues to achieve record results, producing its fifth straight quarter of double-digit ROE," said Colm Barrington, FLY's CEO. "Our renewed fleet contributed to a 13% increase in operating lease rental revenue compared to the same quarter last year. Economic gains of nearly $19 million from the sale of seven aircraft helped us to achieve record Adjusted Net Income of $61.9 million, or $1.92 per share, in the quarter, and Adjusted Net Income of $109.0 million, or $3.37 per share, for the first six months of the year. Looking ahead, we expect another strong result in the third quarter." "As a result of our deleveraging strategy following last year's major fleet acquisition, we have met our leverage target a year ahead of schedule," said Barrington. "We also have been repurchasing stock, buying back 1.47 million shares in the quarter. FLY will begin taking delivery of its $1 billion of contracted A320neo family aircraft later this year, and is well positioned to add aircraft as opportunities arise." "We sold seven aircraft in the quarter at a 10% premium to book value, and in the third quarter, we have contracted to sell 14 more aircraft, also at gains, again demonstrating the value embedded in FLY's fleet," added Barrington. "Our record results have also added significantly to shareholders' equity, which is now over $24 per share and 13% above the level at the end of 2018. We continue to see great value in FLY's shares, which are trading at a 26% discount to book value. At its August meeting, FLY's board of directors authorized a new $50 million share repurchase program."

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