AeroVironment (NASDAQ:AVAV) Releases Earnings Results, Beats Estimates By $0.05 EPS
AeroVironment (NASDAQ:AVAV) released its earnings results on Tuesday. The aerospace company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.05, Bloomberg Earnings reports. The firm had revenue of $83.30 million during the quarter, compared to analysts’ expectations of $80.53 million. AeroVironment had a net margin of 11.52% and a return on equity of 8.55%. AeroVironment’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 EPS. AeroVironment updated its FY 2020
After-Hours guidance to 1.47-1.67 EPS and its FY20 guidance to $1.47-$1.67 EPS.
Shares of AVAV opened at $64.61 on Wednesday. AeroVironment has a twelve month low of $48.61 and a twelve month high of $95.38. The firm has a market capitalization of $1.51 billion, a P/E ratio of 43.66 and a beta of 1.18. The company has a current ratio of 10.56, a quick ratio of 9.26 and a debt-to-equity ratio of 0.02. The stock’s fifty day simple moving average is $60.01 and its 200 day simple moving average is $58.18.
In other AeroVironment news, Chairman Timothy E. Conver sold 6,896 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $52.17, for a total transaction of $359,764.32. Following the completion of the sale, the chairman now owns 56,660 shares of the company’s stock, valued at $2,955,952.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 48,272 shares of company stock worth $2,818,947 in the last quarter. 10.50% of the stock is owned by insiders.
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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