Analysts expect AeroVironment, Inc. (NASDAQ:AVAV) to post sales of $74.83 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for AeroVironment’s earnings, with estimates ranging from $71.80 million to $80.00 million. AeroVironment reported sales of $73.83 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.4%. The company is scheduled to report its next quarterly earnings report on Tuesday, December 4th.

According to Zacks, analysts expect that AeroVironment will report full-year sales of $307.72 million for the current year, with estimates ranging from $300.00 million to $320.00 million. For the next year, analysts expect that the business will post sales of $376.68 million, with estimates ranging from $342.00 million to $460.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover AeroVironment.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Wednesday, September 5th. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.79. AeroVironment had a net margin of 15.56% and a return on equity of 10.71%. The firm had revenue of $78.04 million for the quarter, compared to the consensus estimate of $73.65 million. During the same quarter in the previous year, the firm posted ($0.19) EPS. The firm’s quarterly revenue was up 127.1% on a year-over-year basis.

Several research analysts have weighed in on the stock. BidaskClub lowered shares of AeroVironment from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 22nd. Zacks Investment Research lowered shares of AeroVironment from a “strong-buy” rating to a “hold” rating in a report on Friday, June 29th. Canaccord Genuity raised their price objective on shares of AeroVironment from $60.00 to $80.00 and gave the stock a “hold” rating in a report on Thursday, September 6th. Robert W. Baird raised their price objective on shares of AeroVironment from $52.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, August 28th. Finally, Piper Jaffray Companies reissued a “neutral” rating and set a $77.00 price objective on shares of AeroVironment in a report on Thursday, September 6th. Six analysts have rated the stock with a hold rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $83.20.

Hedge funds have recently made changes to their positions in the business. Sei Investments Co. acquired a new position in shares of AeroVironment in the 1st quarter valued at about $100,000. Point72 Hong Kong Ltd acquired a new position in shares of AeroVironment in the 2nd quarter valued at about $111,000. Tower Research Capital LLC TRC acquired a new position in shares of AeroVironment in the 2nd quarter valued at about $158,000. SG Americas Securities LLC boosted its holdings in shares of AeroVironment by 72.4% in the 1st quarter. SG Americas Securities LLC now owns 3,717 shares of the aerospace company’s stock valued at $169,000 after buying an additional 1,561 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of AeroVironment by 113.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,527 shares of the aerospace company’s stock valued at $181,000 after buying an additional 1,342 shares during the period. 82.17% of the stock is owned by institutional investors.

AeroVironment stock traded up $1.65 during midday trading on Wednesday, hitting $92.69. 343,593 shares of the stock were exchanged, compared to its average volume of 367,273. AeroVironment has a 1 year low of $41.53 and a 1 year high of $121.32. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 85.82, a price-to-earnings-growth ratio of 5.12 and a beta of 1.16.

About AeroVironment

AeroVironment, Inc designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company offers unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S. Department of Defense and to international allied governments; and tactical missile systems and related services to organizations within the U.S.

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Earnings History and Estimates for AeroVironment (NASDAQ:AVAV)

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