Taglich Brothers Reaffirms Speculative Buy Rating for AeroCentury (ACY)
Taglich Brothers restated their speculative buy rating on shares of AeroCentury (NASDAQ:ACY) in a research report released on Wednesday, Zacks.com reports.
AeroCentury stock opened at $7.90 on Wednesday.
AeroCentury (NASDAQ:ACY) last posted its quarterly earnings data on Wednesday, May 15th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The business had revenue of $7.38 million during the quarter, compared to the consensus estimate of $7.62 million.
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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