Taglich Brothers Equities Analysts Cut Earnings Estimates for AeroCentury Corp. (ACY)

AeroCentury Corp. (NYSEAMERICAN:ACY) – Equities researchers at Taglich Brothers decreased their FY2017 earnings per share estimates for shares of AeroCentury in a report released on Tuesday. Taglich Brothers analyst H. Halpern now expects that the company will earn $1.22 per share for the year, down from their previous forecast of $1.77. Taglich Brothers also issued estimates for AeroCentury’s Q4 2017 earnings at $0.28 EPS, Q1 2018 earnings at $0.31 EPS, Q2 2018 earnings at $0.38 EPS, Q3 2018 earnings at $0.58 EPS and Q4 2018 earnings at $0.71 EPS.

Several other equities research analysts also recently weighed in on the company. ValuEngine downgraded AeroCentury from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research downgraded AeroCentury from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 24th.

Shares of AeroCentury (ACY) traded up $0.82 during trading hours on Friday, reaching $15.67. The company’s stock had a trading volume of 4,200 shares, compared to its average volume of 7,280. AeroCentury has a 12 month low of $8.65 and a 12 month high of $16.10.

A hedge fund recently raised its stake in AeroCentury stock. Renaissance Technologies LLC lifted its holdings in AeroCentury Corp. (NYSEAMERICAN:ACY) by 7.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,000 shares of the company’s stock after purchasing an additional 1,300 shares during the period. Renaissance Technologies LLC’s holdings in AeroCentury were worth $176,000 as of its most recent filing with the SEC.

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About AeroCentury

AeroCentury Corp. acquires used regional aircraft and aircraft engines for lease to regional carriers all over the world. The Company’s segment is leasing of regional aircraft to foreign and domestic regional airlines. The business of the Company is managed by JetFleet Management Corp. (JMC), an integrated aircraft management, marketing and financing business.

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