Equities analysts forecast that AeroVironment, Inc. (NASDAQ:AVAV) will report earnings per share of $0.09 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for AeroVironment’s earnings, with the lowest EPS estimate coming in at ($0.01) and the highest estimate coming in at $0.17. AeroVironment posted earnings per share of ($0.09) during the same quarter last year, which would suggest a positive year over year growth rate of 200%. The company is scheduled to report its next quarterly earnings results on Tuesday, March 6th.
According to Zacks, analysts expect that AeroVironment will report full year earnings of $0.64 per share for the current financial year, with EPS estimates ranging from $0.55 to $0.75. For the next fiscal year, analysts expect that the firm will post earnings of $0.78 per share, with EPS estimates ranging from $0.65 to $0.95. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover AeroVironment.
AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data on Tuesday, December 5th. The aerospace company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.30. The company had revenue of $73.83 million during the quarter, compared to analysts’ expectations of $63.53 million. AeroVironment had a net margin of 10.42% and a return on equity of 8.23%. The firm’s revenue for the quarter was up 47.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.18) EPS.
In related news, Chairman Timothy E. Conver sold 7,600 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $54.00, for a total value of $410,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Timothy E. Conver sold 3,800 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $44.14, for a total transaction of $167,732.00. Following the completion of the sale, the chairman now owns 58,138 shares of the company’s stock, valued at approximately $2,566,211.32. The disclosure for this sale can be found here. Insiders have sold 36,200 shares of company stock valued at $1,835,376 over the last 90 days. 11.00% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. lifted its position in AeroVironment by 1.8% in the 2nd quarter. Sei Investments Co. now owns 3,450 shares of the aerospace company’s stock worth $132,000 after buying an additional 61 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in AeroVironment in the 3rd quarter worth approximately $250,000. Municipal Employees Retirement System of Michigan lifted its position in AeroVironment by 3.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,850 shares of the aerospace company’s stock worth $185,000 after buying an additional 150 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in AeroVironment by 1.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,916 shares of the aerospace company’s stock worth $187,000 after buying an additional 56 shares in the last quarter. Finally, First Manhattan Co. purchased a new stake in AeroVironment in the 3rd quarter worth approximately $270,000. Institutional investors own 74.04% of the company’s stock.
Shares of AeroVironment (NASDAQ AVAV) opened at $57.27 on Friday. The firm has a market cap of $1,360.00, a PE ratio of 44.28, a P/E/G ratio of 6.04 and a beta of 1.16. AeroVironment has a 12 month low of $24.70 and a 12 month high of $58.99.
WARNING: This piece was originally reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at https://www.com-unik.info/2017/12/22/0-09-eps-expected-for-aerovironment-inc-avav-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AeroVironment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AeroVironment and related companies with MarketBeat.com's FREE daily email newsletter.