Fly Leasing stock: buy or sell?
September 20th, 2019
Fly Leasing Limited, together with its subsidiaries, purchases and leases commercial aircraft under multi-year contracts to various airlines worldwide.
Should I buy Fly Leasing stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, Fly Leasing stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Fly Leasing stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we found 1 rating published for FLY stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-4-8||Goldman Sachs Group||n/a||Buy|
Fly Leasing stock analysis
Fly Leasing shares declined -1.65% to $20.80 today.
Shares of Fly Leasing closed today at $20.80 and declined a fatal -1.65%. Since SMA100d and SMA200d crossed up on May, FLY price climbed $4.25 per share (25.68%). In the last 32 days when FLY stock price broke up the SMA50d line, it gained $3.82 (22.50%). On September/6, FLY hit new all time highs, pushing higher previous ATH of $21.87 recorded on Sep 5th. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
Shares of Fly Leasing dropped a tragic -2.39% this week. By mid August FLY skyrocketed an astounding 15.10% in just one week.
Fly Leasing stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, FLY might consolidate in a flat-base, waiting to break out over or down under . Not so far away is the last all-time high Fly Leasing marked early September. Since SMA20d and SMA40w crossed up late May, FLY price climbed $4.74 per share (29.51%). Since early March when FLY stock price broke up the SMA40w line, it gained $9.34 (81.50%).
Fly Leasing stock price history
Fly Leasing IPO was on September 28th, 2007 at $11.28 per share1. Since then, FLY stock surged a 84.40%, with a yearly average of 7.70%. If you had invested $1,000 in Fly Leasing stock in 2007, it would worth $844.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Fly Leasing stock historical price chart
FLY stock reached all-time highs on Sep/6 with a price of $22.11.
Fly Leasing stock price targetHow much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' FLY stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we have not detected any price target for Fly Leasing stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareOn March, Fly Leasing reported its latest financial data, posting a super good climb for the Earnings per Share (EPS). Analyst expected $0.58 per share, but Fly Leasing posted $0.94.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Fly Leasing annual turnover boosted a super good 15.12% to $400.19 million dollars from $347.63 marked in 2017. When comparing 2018 vs 2017, in line, profit margin (that is, the net income divided by revenues) climbed a 20.67% to 21.42%.
|2013||$360 M||-||$53 M14.6%||-|
|2014||$405 M||12.52%||$56 M13.9%||6.79%|
|2015||$430 M||6.26%||$23 M5.3%||-59.35%|
|2016||$316 M||-26.59%||$-29.11 M-9.2%||-227.70%|
|2017||$348 M||10.13%||$2.60 M0.7%||-108.92%|
|2018||$400 M||15.12%||$86 M21.4%||3,199.58%|
Quarterly financial resultsFly Leasing posted $113.93 M in sales for 2018-Q4, a 14.49% up compared to previous quarter. Reported quarter income marked $31.01 M with a profit margin of 27.22%. Profit margin jumped a 6.38% compared to previous quarter when profit margin was 20.84%. When comparing revenues to same quarter last year, Fly Leasing sales marked a phenomenal gain and rose a 9.97%. Looking back to recent quarterly results, Fly Leasing posted 3 positive quarters in a row.
|2017-Q1||$79 M||-||$5 M6.4%||-|
|2017-Q2||$81 M||1.67%||$3 M3.6%||-42.52%|
|2017-Q3||$86 M||6.38%||$-13 M-14.6%||-528.22%|
|2017-Q4||$104 M||20.84%||$7 M6.9%||-157.34%|
|2018-Q1||$87 M||-15.79%||$10 M11.0%||34.31%|
|2018-Q2||$99 M||14.03%||$24 M24.5%||152.79%|
|2018-Q3||$100 M||0.02%||$21 M20.8%||-14.80%|
|2018-Q4||$114 M||14.49%||$31 M27.2%||49.51%|
Fly Leasing ownershipWhen you are planning to buy shares of a company, it's worth to check its ownership structure.
Fly Leasing shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 4.18% of all shares.
In case of Fly Leasing stock, 0.31% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for FLY stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Fly Leasing:
|Market cap||$645.6 M||$9.9 M||$7.5 B||$4.8 B||$1.7 B|
|Total shares||31.0 M||1.6 M||136.6 M||111.7 M||75.0 M|
|Float shares||23.1 M||1.2 M||130.4 M||104.1 M||51.7 M|
|- Institutional holdings (%)||0.3%||18.6%||99.0%||0.1%||60.7%|
|- Insider holdings (%)||4.2%||21.2%||12.2%||28.5%||30.9%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
Fly Leasing summary
|Friday, September 20th, 2019|
|Day range||$20.59 - $21.30|
|Average true range||$0.64|
|50d mov avg||$18.66|
|100d mov avg||$17.50|
|200d mov avg||$14.92|
Fly Leasing performanceTo measure stock performance is always good to compare with competitors or related stocks. We selected AeroCentury, Aercap, Air Lease, Aircastle, CAI International, General Electric, Textainer and Willis Lease Finance as the bechmarking frame for Fly Leasing stock.
|WLFCWillis Lease Fina...||1.88%||42.57%||62.57%|