$0.09 EPS Expected for AeroVironment, Inc. (AVAV) This Quarter

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.

Several equities research analysts recently weighed in on AVAV shares. Robert W. Baird restated a “hold” rating and issued a $35.00 price target on shares of AeroVironment in a research note on Monday, August 28th. ValuEngine lowered shares of AeroVironment from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. TheStreet upgraded shares of AeroVironment from a “c+” rating to a “b” rating in a research note on Friday, December 8th. Zacks Investment Research upgraded shares of AeroVironment from a “hold” rating to a “strong-buy” rating and set a $64.00 price target on the stock in a research note on Friday, December 8th. Finally, Canaccord Genuity restated a “hold” rating and issued a $50.00 price target on shares of AeroVironment in a research note on Thursday, December 14th. Seven equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average price target of $44.40.

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.

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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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Earnings History and Estimates for AeroVironment (NASDAQ:AVAV)

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