Equities analysts expect that AeroVironment, Inc. (NASDAQ:AVAV) will post $43.67 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for AeroVironment’s earnings. The lowest sales estimate is $43.50 million and the highest is $43.80 million. AeroVironment reported sales of $36.22 million in the same quarter last year, which indicates a positive year over year growth rate of 20.6%. The company is scheduled to report its next quarterly earnings report after the market closes on Tuesday, August 29th.
On average, analysts expect that AeroVironment will report full-year sales of $43.67 million for the current year, with estimates ranging from $290.00 million to $296.40 million. For the next year, analysts forecast that the firm will post sales of $317.28 million per share, with estimates ranging from $305.00 million to $327.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow AeroVironment.
AeroVironment (NASDAQ:AVAV) last released its earnings results on Tuesday, June 27th. The aerospace company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.31. AeroVironment had a return on equity of 3.49% and a net margin of 4.71%. The firm had revenue of $125.40 million for the quarter, compared to analysts’ expectations of $122.90 million. During the same period in the prior year, the firm posted $0.23 earnings per share. The company’s quarterly revenue was up 47.9% on a year-over-year basis.
Several research analysts have recently commented on the company. BidaskClub lowered AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday. Canaccord Genuity reaffirmed a “hold” rating and set a $35.00 target price on shares of AeroVironment in a research report on Thursday, August 10th. Jefferies Group LLC upped their target price on AeroVironment from $27.00 to $29.00 and gave the company a “hold” rating in a research report on Wednesday, June 28th. ValuEngine raised AeroVironment from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research raised AeroVironment from a “hold” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research report on Friday, June 30th. Eight investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. AeroVironment has a consensus rating of “Hold” and a consensus price target of $33.00.
In related news, Chairman Timothy E. Conver sold 4,000 shares of the company’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $31.74, for a total transaction of $126,960.00. Following the transaction, the chairman now directly owns 66,621 shares of the company’s stock, valued at approximately $2,114,550.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Timothy E. Conver sold 20,000 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $30.33, for a total value of $606,600.00. Following the transaction, the chairman now directly owns 66,621 shares in the company, valued at $2,020,614.93. The disclosure for this sale can be found here. Insiders have sold a total of 91,897 shares of company stock worth $3,344,357 over the last ninety days. 12.50% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of AVAV. PNC Financial Services Group Inc. increased its stake in AeroVironment by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,860 shares of the aerospace company’s stock valued at $136,000 after buying an additional 38 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in AeroVironment by 0.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 13,729 shares of the aerospace company’s stock valued at $368,000 after buying an additional 48 shares during the last quarter. Sei Investments Co. increased its stake in AeroVironment by 1.8% in the second quarter. Sei Investments Co. now owns 3,450 shares of the aerospace company’s stock valued at $132,000 after buying an additional 61 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in AeroVironment by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the aerospace company’s stock valued at $235,000 after buying an additional 100 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in AeroVironment by 0.9% in the first quarter. Arizona State Retirement System now owns 10,698 shares of the aerospace company’s stock valued at $300,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.
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AeroVironment (NASDAQ:AVAV) traded down 1.68% during midday trading on Monday, hitting $37.36. The stock had a trading volume of 109,875 shares. The stock has a market cap of $869.26 million, a PE ratio of 69.19 and a beta of 1.31. The company’s 50 day moving average price is $38.19 and its 200-day moving average price is $31.10. AeroVironment has a 52-week low of $22.16 and a 52-week high of $40.10.
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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