Equities analysts expect that AeroVironment (NASDAQ:AVAV) will announce earnings of $0.43 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for AeroVironment’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.56. AeroVironment posted earnings of $1.30 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 66.9%. The firm is scheduled to announce its next earnings results on Tuesday, June 26th.
On average, analysts expect that AeroVironment will report full-year earnings of $0.65 per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of $1.00 per share, with EPS estimates ranging from $0.85 to $1.15. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for AeroVironment.
AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Tuesday, March 6th. The aerospace company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $63.90 million for the quarter, compared to analyst estimates of $58.18 million. AeroVironment had a net margin of 10.50% and a return on equity of 9.15%. AeroVironment’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.09) earnings per share.
In other news, Chairman Timothy E. Conver sold 3,800 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $47.72, for a total value of $181,336.00. Following the sale, the chairman now directly owns 58,138 shares in the company, valued at approximately $2,774,345.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Timothy E. Conver sold 7,600 shares of the firm’s stock in a transaction that occurred on Tuesday, March 27th. The shares were sold at an average price of $45.78, for a total transaction of $347,928.00. Following the completion of the sale, the chairman now owns 58,138 shares in the company, valued at $2,661,557.64. The disclosure for this sale can be found here. Insiders have sold 34,200 shares of company stock worth $1,677,928 over the last quarter. Corporate insiders own 11.00% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Tyers Asset Management LLC boosted its stake in shares of AeroVironment by 106.8% in the 4th quarter. Tyers Asset Management LLC now owns 1,952 shares of the aerospace company’s stock valued at $110,000 after purchasing an additional 1,008 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of AeroVironment by 2.7% in the 4th quarter. Teachers Advisors LLC now owns 38,926 shares of the aerospace company’s stock valued at $2,186,000 after purchasing an additional 1,040 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of AeroVironment by 179.6% in the 4th quarter. LS Investment Advisors LLC now owns 2,069 shares of the aerospace company’s stock valued at $116,000 after purchasing an additional 1,329 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of AeroVironment by 12.7% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,011 shares of the aerospace company’s stock valued at $787,000 after purchasing an additional 1,574 shares in the last quarter. Finally, Meadow Creek Investment Management LLC boosted its stake in shares of AeroVironment by 106.8% in the 4th quarter. Meadow Creek Investment Management LLC now owns 3,416 shares of the aerospace company’s stock valued at $192,000 after purchasing an additional 1,764 shares in the last quarter. Institutional investors own 74.80% of the company’s stock.
AeroVironment stock traded down $0.04 during trading hours on Thursday, reaching $56.69. 153,375 shares of the stock were exchanged, compared to its average volume of 309,612. The company has a market capitalization of $1,355.23, a price-to-earnings ratio of 104.98, a PEG ratio of 4.05 and a beta of 1.24. AeroVironment has a twelve month low of $28.13 and a twelve month high of $58.99.
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AeroVironment, Inc designs, develops, produces, supports, and operates unmanned aircraft systems (UAS) and efficient energy systems (EES) in the United States and internationally. The company offers small UAS products to deliver intelligence, surveillance, and reconnaissance; and communications, such as real-time tactical reconnaissance, tracking, combat assessment, and geographic data to the small tactical unit or individual operator.
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