AeroVironment (NASDAQ:AVAV) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.45-0.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.61. The company issued revenue guidance of $280-300 million, compared to the consensus revenue estimate of $294.27 million.
Shares of AeroVironment (NASDAQ:AVAV) traded down $0.72 during midday trading on Tuesday, reaching $44.00. The company’s stock had a trading volume of 419,400 shares, compared to its average volume of 237,462. The company has a market cap of $1,066.14, a price-to-earnings ratio of 53.24, a P/E/G ratio of 4.87 and a beta of 1.16. AeroVironment has a 52-week low of $24.70 and a 52-week high of $55.75.
AVAV has been the subject of a number of research reports. Canaccord Genuity increased their price target on AeroVironment from $35.00 to $40.00 and gave the company a hold rating in a research note on Wednesday, August 30th. Jefferies Group increased their price target on AeroVironment from $29.00 to $37.00 and gave the company a hold rating in a research note on Wednesday, August 30th. Robert W. Baird reaffirmed a hold rating and set a $35.00 price target on shares of AeroVironment in a research note on Monday, August 28th. BidaskClub lowered AeroVironment from a buy rating to a hold rating in a research note on Wednesday, August 16th. Finally, ValuEngine lowered AeroVironment from a buy rating to a hold rating in a research note on Wednesday, November 15th. Seven analysts have rated the stock with a hold rating, AeroVironment has a consensus rating of Hold and an average price target of $39.00.
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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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