$0.25 Earnings Per Share Expected for AeroVironment, Inc. (AVAV) This Quarter

Wall Street analysts forecast that AeroVironment, Inc. (NASDAQ:AVAV) will post earnings of $0.25 per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for AeroVironment’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.31. AeroVironment posted earnings of $0.85 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 70.6%. The business is expected to issue its next quarterly earnings report on Tuesday, June 25th.

According to Zacks, analysts expect that AeroVironment will report full-year earnings of $1.75 per share for the current year, with EPS estimates ranging from $1.70 to $1.80. For the next financial year, analysts expect that the business will report earnings of $1.68 per share, with EPS estimates ranging from $1.53 to $1.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover AeroVironment.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings results on Tuesday, March 5th. The aerospace company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.21. AeroVironment had a net margin of 17.48% and a return on equity of 11.40%. The firm had revenue of $75.32 million during the quarter, compared to the consensus estimate of $75.30 million.

Several analysts have recently weighed in on AVAV shares. ValuEngine downgraded shares of AeroVironment from a “buy” rating to a “hold” rating in a research note on Friday, December 21st. William Blair started coverage on shares of AeroVironment in a research note on Thursday, January 24th. They set an “outperform” rating and a $73.60 price target for the company. BidaskClub raised shares of AeroVironment from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Finally, Zacks Investment Research downgraded shares of AeroVironment from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $77.60.

Shares of AeroVironment stock traded up $1.96 on Friday, hitting $67.14. 246,239 shares of the company traded hands, compared to its average volume of 276,035. AeroVironment has a 52 week low of $49.69 and a 52 week high of $121.32. The company has a market capitalization of $1.61 billion, a PE ratio of 62.17, a P/E/G ratio of 1.79 and a beta of 1.33.

In related news, Chairman Timothy E. Conver sold 20,700 shares of AeroVironment stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $76.43, for a total transaction of $1,582,101.00. Following the transaction, the chairman now directly owns 55,659 shares of the company’s stock, valued at $4,254,017.37. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Timothy E. Conver sold 10,350 shares of AeroVironment stock in a transaction that occurred on Wednesday, January 23rd. The shares were sold at an average price of $73.18, for a total transaction of $757,413.00. Following the transaction, the chairman now directly owns 55,659 shares in the company, valued at $4,073,125.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 125,335 shares of company stock worth $9,399,568. 11.70% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. IMS Capital Management purchased a new position in AeroVironment during the third quarter valued at approximately $25,000. Laurel Wealth Advisors LLC purchased a new position in AeroVironment during the fourth quarter valued at approximately $68,000. Bank of Montreal Can increased its holdings in AeroVironment by 12.9% during the fourth quarter. Bank of Montreal Can now owns 1,350 shares of the aerospace company’s stock valued at $91,000 after buying an additional 154 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in AeroVironment by 24.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,496 shares of the aerospace company’s stock valued at $102,000 after buying an additional 296 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in AeroVironment during the fourth quarter valued at approximately $122,000. 85.63% of the stock is currently owned by institutional investors.

About AeroVironment

AeroVironment, Inc designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company offers unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S. Department of Defense and to international allied governments; and tactical missile systems and related services to organizations within the U.S.

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