AeroCentury Corp. (NYSEMKT:ACY) to Release Quarterly Earnings on Tuesday
AeroCentury Corp. (NYSEMKT:ACY) is set to issue its quarterly earnings data on Tuesday, August 8th. Analysts expect the company to announce earnings of $0.25 per share for the quarter.
AeroCentury Corp. (NYSEMKT:ACY) last issued its earnings results on Thursday, May 11th. The financial services provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.11. AeroCentury Corp. had a return on equity of 6.19% and a net margin of 8.39%. The firm had revenue of $7.95 million for the quarter, compared to analyst estimates of $7.92 million. On average, analysts expect AeroCentury Corp. to post $1.61 EPS for the current fiscal year and $1.80 EPS for the next fiscal year.
Shares of AeroCentury Corp. (NYSEMKT ACY) opened at 11.90 on Monday. AeroCentury Corp. has a 12 month low of $8.50 and a 12 month high of $16.10. The firm has a market capitalization of $16.85 million, a price-to-earnings ratio of 13.11 and a beta of 0.15. The firm has a 50-day moving average price of $12.77 and a 200 day moving average price of $10.84.
Several research firms recently commented on ACY. ValuEngine upgraded AeroCentury Corp. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded AeroCentury Corp. from a “sell” rating to a “hold” rating and set a $12.00 price objective for the company in a research report on Thursday, May 18th. Finally, TheStreet downgraded AeroCentury Corp. from a “c” rating to a “d” rating in a research report on Wednesday, May 17th.
AeroCentury Corp. Company Profile
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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