Brokerages expect that AeroVironment, Inc. (NASDAQ:AVAV) will post $63.77 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for AeroVironment’s earnings, with estimates ranging from $53.50 million to $83.80 million. AeroVironment posted sales of $53.16 million in the same quarter last year, which suggests a positive year over year growth rate of 20%. The company is expected to issue its next earnings report on Tuesday, March 6th.

According to Zacks, analysts expect that AeroVironment will report full-year sales of $63.77 million for the current financial year, with estimates ranging from $290.00 million to $303.40 million. For the next financial year, analysts expect that the company will post sales of $336.11 million per share, with estimates ranging from $317.53 million to $347.80 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for AeroVironment.

AeroVironment (NASDAQ:AVAV) last issued its earnings results on Tuesday, December 5th. The aerospace company reported $0.29 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.30. The company had revenue of $73.83 million for the quarter, compared to analyst estimates of $63.53 million. AeroVironment had a net margin of 10.42% and a return on equity of 8.23%. The business’s revenue was up 47.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.18) EPS.

AVAV has been the topic of several research analyst reports. BidaskClub lowered shares of AeroVironment from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 27th. TheStreet upgraded shares of AeroVironment from a “c+” rating to a “b” rating in a research report on Friday, December 8th. Canaccord Genuity restated a “hold” rating and set a $50.00 target price on shares of AeroVironment in a research report on Thursday, December 14th. ValuEngine lowered shares of AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Zacks Investment Research upgraded shares of AeroVironment from a “hold” rating to a “strong-buy” rating and set a $64.00 target price on the stock in a research report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $44.40.

In related news, Chairman Timothy E. Conver sold 3,800 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $44.14, for a total value of $167,732.00. Following the sale, the chairman now directly owns 58,138 shares in the company, valued at approximately $2,566,211.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Timothy E. Conver sold 7,600 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $44.85, for a total transaction of $340,860.00. Following the completion of the sale, the chairman now owns 58,138 shares in the company, valued at $2,607,489.30. The disclosure for this sale can be found here. Insiders sold a total of 38,000 shares of company stock worth $1,982,916 over the last quarter. Insiders own 11.00% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in AeroVironment by 3.6% in the 2nd quarter. BlackRock Inc. now owns 3,333,627 shares of the aerospace company’s stock valued at $127,344,000 after purchasing an additional 116,654 shares during the last quarter. Vanguard Group Inc. raised its stake in AeroVironment by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,929,825 shares of the aerospace company’s stock valued at $73,719,000 after purchasing an additional 68,232 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in AeroVironment by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,490,349 shares of the aerospace company’s stock valued at $56,930,000 after purchasing an additional 44,670 shares during the last quarter. American Capital Management Inc. raised its stake in AeroVironment by 9.7% in the 4th quarter. American Capital Management Inc. now owns 1,441,771 shares of the aerospace company’s stock valued at $80,970,000 after purchasing an additional 127,619 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new position in AeroVironment in the 2nd quarter valued at about $39,724,000. 73.99% of the stock is owned by hedge funds and other institutional investors.

Shares of AeroVironment (AVAV) opened at $53.48 on Friday. The company has a market cap of $1,272.75, a price-to-earnings ratio of 40.70, a price-to-earnings-growth ratio of 5.06 and a beta of 1.16. AeroVironment has a 1 year low of $25.42 and a 1 year high of $58.99.

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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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