Brokerages Expect AeroCentury Corp. (NASDAQ:ACY) to Announce $0.11 Earnings Per Share

AeroCentury Corp. (NASDAQ:ACY) has received an average broker rating score of 2.00 (Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating.

Brokerages have set a 1 year consensus target price of $10.50 for the company and are anticipating that the company will post $0.11 EPS for the current quarter, according to Zacks. Zacks has also given AeroCentury an industry rank of 13 out of 256 based on the ratings given to its competitors.

Separately, Taglich Brothers restated a “speculative buy” rating on shares of AeroCentury in a research report on Wednesday, May 22nd.

Shares of ACY traded down $0.06 during trading hours on Monday, hitting $7.27. The stock had a trading volume of 11,765 shares, compared to its average volume of 3,526. AeroCentury has a fifty-two week low of $7.16 and a fifty-two week high of $17.15.

AeroCentury (NASDAQ:ACY) last posted its quarterly earnings data on Wednesday, May 15th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.05. The company had revenue of $7.38 million for the quarter, compared to analyst estimates of $7.62 million.

AeroCentury Company Profile

AeroCentury Corp., together with its subsidiaries, provides leasing and finance services to regional airlines worldwide. The company principally engages in leasing its aircraft portfolio consisting of mid-life regional aircraft through operating and finance leases. It also sells aircraft from its operating lease portfolio to third parties, which include other leasing companies, financial services companies, and airlines.

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