AeroCentury Corp. Expected to Post Q3 2018 Earnings of ($0.03) Per Share (ACY)

AeroCentury Corp. (NYSEAMERICAN:ACY) – Investment analysts at Taglich Brothers decreased their Q3 2018 earnings per share estimates for AeroCentury in a report issued on Thursday, August 23rd. Taglich Brothers analyst H. Halpern now forecasts that the company will earn ($0.03) per share for the quarter, down from their previous estimate of $0.53. Taglich Brothers also issued estimates for AeroCentury’s Q4 2018 earnings at $0.38 EPS, FY2018 earnings at $0.51 EPS, Q1 2019 earnings at $0.44 EPS, Q3 2019 earnings at $0.44 EPS and Q4 2019 earnings at $0.47 EPS.

ACY has been the subject of a number of other research reports. TheStreet raised AeroCentury from a “c” rating to a “b” rating in a report on Wednesday, August 15th. Zacks Investment Research raised AeroCentury from a “sell” rating to a “hold” rating in a report on Thursday, June 28th.

Shares of NYSEAMERICAN ACY opened at $15.40 on Monday. AeroCentury has a fifty-two week low of $10.90 and a fifty-two week high of $17.34.

AeroCentury (NYSEAMERICAN:ACY) last announced its quarterly earnings data on Thursday, August 9th. The company reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.15. The firm had revenue of $7.78 million during the quarter, compared to analysts’ expectations of $6.84 million. AeroCentury had a return on equity of 3.75% and a net margin of 4.61%.

Several institutional investors have recently bought and sold shares of ACY. Renaissance Technologies LLC raised its holdings in shares of AeroCentury by 45.2% during the 4th quarter. Renaissance Technologies LLC now owns 42,400 shares of the company’s stock worth $646,000 after buying an additional 13,200 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of AeroCentury by 100.3% during the 4th quarter. Deutsche Bank AG now owns 7,950 shares of the company’s stock worth $121,000 after buying an additional 3,980 shares in the last quarter. Finally, Leisure Capital Management raised its holdings in shares of AeroCentury by 9.3% during the 2nd quarter. Leisure Capital Management now owns 50,952 shares of the company’s stock worth $808,000 after buying an additional 4,332 shares in the last quarter.

About AeroCentury

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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Earnings History and Estimates for AeroCentury (NYSEAMERICAN:ACY)

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