Wells Fargo & Co. Initiates Coverage on Fly Leasing Ltd(ADR) (FLY)
Fly Leasing Ltd(ADR) traded up 1.00% on Tuesday, hitting $13.15. Fly Leasing Ltd(ADR) has a 1-year low of $10.00 and a 1-year high of $14.54. The company has a market cap of $338.9 million and a price-to-earnings ratio of 18.39.
The company last announced its quarterly results on Thursday, May 3rd. It reported $1.04 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.33 EPS by $0.71. The company’s quarterly revenue was up 110.7% on a year-over-year basis. Analysts expect that Fly Leasing Ltd(ADR) will post $0.34 EPS next quarter.
Fly Leasing Limited, formerly Babcock & Brown Air Limited (B&B Air), is a global lessor of modern, fuel-efficient commercial jet aircraft.