AeroVironment (NASDAQ:AVAV) updated its FY20 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.47-$1.67 for the period, compared to the Thomson Reuters consensus estimate of $1.62. The company issued revenue guidance of $350-$370 million, compared to the consensus revenue estimate of $360.31 million.AeroVironment also updated its FY 2020
After-Hours guidance to 1.47-1.67 EPS.
Shares of AVAV traded down $1.90 during midday trading on Wednesday, hitting $62.71. The stock had a trading volume of 8,020 shares, compared to its average volume of 133,388. AeroVironment has a fifty-two week low of $48.61 and a fifty-two week high of $95.38. The business has a 50-day simple moving average of $60.01 and a two-hundred day simple moving average of $58.18. The firm has a market cap of $1.47 billion, a P/E ratio of 42.69 and a beta of 1.18. The company has a current ratio of 10.56, a quick ratio of 9.26 and a debt-to-equity ratio of 0.02.
AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Tuesday, December 3rd. The aerospace company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.05. AeroVironment had a net margin of 11.52% and a return on equity of 8.55%. The business had revenue of $83.30 million for the quarter, compared to analyst estimates of $80.53 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. On average, analysts expect that AeroVironment will post 1.65 earnings per share for the current fiscal year.
In related news, Chairman Timothy E. Conver sold 6,896 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.10, for a total transaction of $435,137.60. Following the completion of the sale, the chairman now directly owns 56,660 shares in the company, valued at $3,575,246. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 48,272 shares of company stock valued at $2,818,947. 10.50% of the stock is owned by corporate insiders.
AeroVironment Company Profile
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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