AeroVironment, Inc. (AVAV) Expected to Post Earnings of $0.10 Per Share
Equities analysts expect AeroVironment, Inc. (NASDAQ:AVAV) to report earnings of $0.10 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for AeroVironment’s earnings. The lowest EPS estimate is ($0.10) and the highest is $0.23. AeroVironment posted earnings per share of ($0.09) during the same quarter last year, which would suggest a positive year over year growth rate of 211.1%. The company is expected to issue its next earnings results on Tuesday, March 6th.
On average, analysts expect that AeroVironment will report full-year earnings of $0.61 per share for the current year, with EPS estimates ranging from $0.55 to $0.76. For the next year, analysts expect that the business will post earnings of $0.79 per share, with EPS estimates ranging from $0.70 to $0.90. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow AeroVironment.
AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings results on Tuesday, December 5th. The aerospace company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.30. AeroVironment had a net margin of 10.42% and a return on equity of 8.34%. The firm had revenue of $73.83 million for the quarter, compared to analysts’ expectations of $63.53 million. During the same quarter in the prior year, the company posted ($0.18) earnings per share. The business’s revenue for the quarter was up 47.3% on a year-over-year basis.
Several brokerages recently issued reports on AVAV. Canaccord Genuity raised their target price on shares of AeroVironment from $40.00 to $48.00 and gave the stock a “hold” rating in a report on Wednesday, October 4th. Robert W. Baird restated a “hold” rating and issued a $35.00 target price on shares of AeroVironment in a report on Tuesday, October 24th. Zacks Investment Research cut shares of AeroVironment from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 1st. Piper Jaffray Companies restated a “neutral” rating and issued a $36.00 target price on shares of AeroVironment in a report on Thursday, August 31st. Finally, ValuEngine cut shares of AeroVironment from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Seven investment analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average target price of $39.00.
In other AeroVironment news, Chairman Timothy E. Conver sold 2,000 shares of the stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $53.91, for a total value of $107,820.00. Following the transaction, the chairman now directly owns 58,138 shares in the company, valued at $3,134,219.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Timothy E. Conver sold 7,600 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $49.14, for a total transaction of $373,464.00. Following the completion of the transaction, the chairman now owns 58,138 shares in the company, valued at $2,856,901.32. The disclosure for this sale can be found here. Insiders sold 43,800 shares of company stock worth $2,179,960 in the last 90 days. 11.00% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AVAV. Janus Henderson Group PLC bought a new position in AeroVironment in the second quarter worth approximately $39,724,000. BlackRock Inc. raised its position in AeroVironment by 3.6% in the second quarter. BlackRock Inc. now owns 3,333,627 shares of the aerospace company’s stock worth $127,344,000 after acquiring an additional 116,654 shares during the period. Vident Investment Advisory LLC raised its position in AeroVironment by 31.1% in the third quarter. Vident Investment Advisory LLC now owns 474,428 shares of the aerospace company’s stock worth $25,676,000 after acquiring an additional 112,487 shares during the period. Pier Capital LLC bought a new position in AeroVironment in the third quarter worth approximately $6,015,000. Finally, Vanguard Group Inc. raised its position in AeroVironment by 5.9% in the first quarter. Vanguard Group Inc. now owns 1,861,593 shares of the aerospace company’s stock worth $52,180,000 after acquiring an additional 103,167 shares during the period. Institutional investors and hedge funds own 74.65% of the company’s stock.
Shares of AeroVironment (AVAV) traded up $1.10 during mid-day trading on Monday, reaching $55.57. 955,872 shares of the company traded hands, compared to its average volume of 261,436. AeroVironment has a 52 week low of $24.70 and a 52 week high of $58.23. The stock has a market capitalization of $1,031.09, a PE ratio of 33.01, a P/E/G ratio of 4.71 and a beta of 1.16.
AeroVironment Company Profile
AeroVironment, Inc designs, develops, produces, supports and operates a portfolio of products and services for government agencies, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems.
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