AeroCentury Corp. (NYSEAMERICAN:ACY) – Taglich Brothers dropped their Q3 2019 earnings estimates for shares of AeroCentury in a report released on Thursday, November 29th. Taglich Brothers analyst H. Halpern now expects that the company will post earnings per share of $0.42 for the quarter, down from their prior estimate of $0.44. Taglich Brothers also issued estimates for AeroCentury’s Q4 2019 earnings at $0.44 EPS.
AeroCentury (NYSEAMERICAN:ACY) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. The business had revenue of $7.17 million for the quarter, compared to analysts’ expectations of $7.57 million.
Other research analysts have also issued research reports about the company. Zacks Investment Research lowered AeroCentury from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. TheStreet raised AeroCentury from a “c” rating to a “b” rating in a research note on Wednesday, August 15th.
Shares of AeroCentury stock opened at $11.70 on Monday. AeroCentury has a fifty-two week low of $10.26 and a fifty-two week high of $17.34.
An institutional investor recently raised its position in AeroCentury stock. Leisure Capital Management lifted its position in shares of AeroCentury Corp. (NYSEAMERICAN:ACY) by 9.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,952 shares of the company’s stock after buying an additional 4,332 shares during the period. Leisure Capital Management owned approximately 3.59% of AeroCentury worth $808,000 as of its most recent SEC filing.
AeroCentury Company Profile
AeroCentury Corp., together with its subsidiaries, acquires and leases aircraft and aircraft engines to regional airlines in the United States and internationally. The company provides operating and finance leasing services of mid-life regional aircraft to carriers. It also sells aircraft from its operating lease portfolio to third parties, which includes other leasing companies, financial services companies, and airlines, as well as engages in parting out aircraft.
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