AeroCentury Corp. (NYSEAMERICAN:ACY) – Analysts at Taglich Brothers reduced their Q3 2019 EPS estimates for shares of AeroCentury in a research note issued to investors on Thursday, November 29th. Taglich Brothers analyst H. Halpern now anticipates that the company will earn $0.42 per share for the quarter, down from their prior forecast of $0.44. Taglich Brothers also issued estimates for AeroCentury’s Q4 2019 earnings at $0.44 EPS.
AeroCentury (NYSEAMERICAN:ACY) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.05. The company had revenue of $7.17 million during the quarter, compared to analysts’ expectations of $7.57 million.
ACY opened at $11.70 on Monday. AeroCentury has a 1 year low of $10.26 and a 1 year high of $17.34.
A hedge fund recently raised its stake in AeroCentury stock. Leisure Capital Management increased its holdings in AeroCentury Corp. (NYSEAMERICAN:ACY) by 9.3% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 50,952 shares of the company’s stock after buying an additional 4,332 shares during the quarter. Leisure Capital Management owned about 3.59% of AeroCentury worth $808,000 at the end of the most recent reporting period.
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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