For the second day in a row, shares of commercial airplane lessor Fly Leasing (NYSE: FLY) are proving true to their name. After soaring 32% on Tuesday on the back of a big upgrade from analysts at J.P. Morgan, Fly shares took off again this morning, and as of 12:45 p.m. EDT were up another 8.5%. As I mentioned, J.P. Morgan gets the credit for Fly stock's amazing run these past couple of days.
Moody's Investors Service, ("Moody's") has affirmed the ratings of the following aircraft leasing companies and revised their outlooks to negative: AerCap Holdings N.V. (Baa3 backed issuer rating), Aviation Capital Group LLC (Baa2 issuer rating), Avolon Holdings Limited (Baa3 backed issuer rating), DAE Funding LLC (Baa3 backed long-term senior unsecured), Fly Leasing Limited (Ba3 corporate family rating), and Voyager Aviation Holdings, LLC (B1 corporate family rating). Moody's has also revised the review of Aircastle Limited's Baa3 long-term senior unsecured rating to review for downgrade from review direction uncertain.
FLY earnings call for the period ending May 10, 2020.
If you own shares in Fly Leasing Limited (NYSE:FLY) then it's worth thinking about how it contributes to the...
Q4 2019 FLY Leasing Ltd Earnings Call
Top Ranked Value Stocks to Buy for March 18th
Shares of Fly Leasing (NYSE:FLY) rose 8% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were down 1.39% year over year to $1.42, which missed the estimate of $1.45.Revenue of $121,555,000 lower by 9.76% from the same period last year, which beat the estimate of $120,520,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Fly Leasing hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: May 08, 2020View more earnings on FLYWebcast URL: https://edge.media-server.com/mmc/p/zuntmqanRecent Stock Performance Company's 52-week high was at $23.2152-week low: $3.41Price action over last quarter: down 67.54%Company Description Fly Leasing Ltd is principally involved in the commercial aircraft business. In addition, to arranging for the leasing of the fleet the group is also involved acquiring and disposing of aircraft, marketeering aircraft for lease and release, collecting rents and other payments from the lessees of aircraft, monitoring maintenance, insurance and other obligations under leases, and enforcing Fly Leasing's rights against lessees.See more from Benzinga * Alliance Resource: Q1 Earnings Insights * Tenneco: Q1 Earnings Insights * Recap: H&E Equipment Services Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Fly Leasing Limited (NYSE: FLY) ("FLY"), a global leader in aircraft leasing, today announced its financial results for the first quarter of 2020.
Looking into the current session, Fly Leasing Inc. (NYSE: FLY) shares are trading at $7.66, after a 24% surge. Moreover, over the past month, the stock spiked by 39.71%, but in the past year, fell by 52.86%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session.The stock is currently above from its 52 week low by 124.68%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with rental & leasing services stocks, and capitalize on the lower share price observed over the year.The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings.Most often, an industry will prevail in a particular phase of a business cycle, than other industries.Compared to the aggregate P/E ratio of the 7.19 in the rental & leasing services industry, Fly Leasing has a lower P/E ratio of 0.88. Shareholders might be inclined to think that they might perform worse than its industry peers. It's also possible that the stock is undervalued.There are many limitations to P/E ratio. It is sometimes difficult to determine the nature of the earnings makeup of a company. Shareholders might not get what they're looking for, from trailing earnings.See more from Benzinga * 15 Industrials Stocks Moving In Tuesday's Pre-Market Session * Recap: Fly Leasing Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Q1 2020 FLY Leasing Ltd Earnings Call
Top Ranked Value Stocks to Buy for March 10th
Weak demand for aircraft is likely to have dealt a major blow to Fly Leasing's (FLY) Q1 performance.
Top Ranked Value Stocks to Buy for March 23rd
Fly Leasing Limited (NYSE: FLY) ("FLY"), a global leader in aircraft leasing, today announced that it will release its first quarter 2020 earnings results before the market opens on Friday, May 8, 2020.
Fly Leasing (FLY) closed the most recent trading day at $6.14, moving -0.32% from the previous trading session.
Moody's Investors Service, ("Moody's") has affirmed the ratings of the following aircraft leasing companies and revised their outlooks to negative: AerCap Holdings N.V. (Baa3 backed issuer rating), Aviation Capital Group LLC (Baa2 issuer rating), Avolon Holdings Limited (Baa3 backed issuer rating), DAE Funding LLC (Baa3 backed long-term senior unsecured), Fly Leasing Limited (Ba3 corporate family rating), and Voyager Aviation Holdings, LLC (B1 corporate family rating). Moody's has also revised the review of Aircastle Limited's Baa3 long-term senior unsecured rating to review for downgrade from review direction uncertain.
Moody's Investors Service, ("Moody's") has affirmed the ratings of the following aircraft leasing companies and revised their outlooks to negative: AerCap Holdings N.V. (Baa3 backed issuer rating), Aviation Capital Group LLC (Baa2 issuer rating), Avolon Holdings Limited (Baa3 backed issuer rating), DAE Funding LLC (Baa3 backed long-term senior unsecured), Fly Leasing Limited (Ba3 corporate family rating), and Voyager Aviation Holdings, LLC (B1 corporate family rating). Moody's has also revised the review of Aircastle Limited's Baa3 long-term senior unsecured rating to review for downgrade from review direction uncertain.
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It's been a pretty great week for Fly Leasing Limited (NYSE:FLY) shareholders, with its shares surging 16% to US$6.07...
Fly Leasing Limited (NYSE: FLY) ("FLY"), a global leader in aircraft leasing, announced that, on February 28, 2020, the Company filed its annual report on Form 20-F, including its audited financial statements for the fiscal year ended December 31, 2019, with the U.S. Securities and Exchange Commission (the "SEC"). FLY's Form 20-F can be accessed by visiting the Annual Report page in the Investor Relations section of FLY's website at www.flyleasing.com, as well as on the SEC's website at www.sec.gov. Shareholders may request a complimentary paper copy by contacting info@flyleasing.com.