AeroVironment, Inc. (AVAV) Expected to Announce Earnings of $0.43 Per Share

Brokerages expect AeroVironment, Inc. (NASDAQ:AVAV) to announce earnings of $0.43 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for AeroVironment’s earnings, with the highest EPS estimate coming in at $0.56 and the lowest estimate coming in at $0.22. AeroVironment reported earnings of $1.30 per share in the same quarter last year, which would indicate a negative year over year growth rate of 66.9%. The business is scheduled to issue its next quarterly earnings report on Tuesday, June 26th.

On average, analysts expect that AeroVironment will report full-year earnings of $0.65 per share for the current fiscal year. For the next year, analysts anticipate that the business will report earnings of $1.00 per share, with EPS estimates ranging from $0.85 to $1.15. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow AeroVironment.

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AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data on Tuesday, March 6th. The aerospace company reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. AeroVironment had a net margin of 10.50% and a return on equity of 9.15%. The firm had revenue of $63.90 million for the quarter, compared to the consensus estimate of $58.18 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year.

Several equities analysts recently weighed in on AVAV shares. Stifel Nicolaus upgraded shares of AeroVironment from a “hold” rating to a “buy” rating and increased their price target for the stock from $45.00 to $65.00 in a report on Wednesday, April 11th. BidaskClub downgraded shares of AeroVironment from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 27th. Zacks Investment Research downgraded shares of AeroVironment from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Finally, ValuEngine upgraded shares of AeroVironment from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $46.17.

In other AeroVironment news, Chairman Timothy E. Conver sold 7,600 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $47.00, for a total value of $357,200.00. Following the sale, the chairman now owns 58,138 shares in the company, valued at approximately $2,732,486. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Timothy E. Conver sold 3,800 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $47.72, for a total value of $181,336.00. Following the completion of the sale, the chairman now owns 58,138 shares in the company, valued at approximately $2,774,345.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,200 shares of company stock worth $1,677,928. Insiders own 11.00% of the company’s stock.

Large investors have recently made changes to their positions in the company. Tyers Asset Management LLC lifted its position in shares of AeroVironment by 106.8% during the 4th quarter. Tyers Asset Management LLC now owns 1,952 shares of the aerospace company’s stock valued at $110,000 after buying an additional 1,008 shares in the last quarter. LS Investment Advisors LLC lifted its position in shares of AeroVironment by 179.6% during the 4th quarter. LS Investment Advisors LLC now owns 2,069 shares of the aerospace company’s stock valued at $116,000 after buying an additional 1,329 shares in the last quarter. Meadow Creek Investment Management LLC lifted its position in shares of AeroVironment by 106.8% during the 4th quarter. Meadow Creek Investment Management LLC now owns 3,416 shares of the aerospace company’s stock valued at $192,000 after buying an additional 1,764 shares in the last quarter. Jane Street Group LLC lifted its position in shares of AeroVironment by 124.8% during the 4th quarter. Jane Street Group LLC now owns 3,657 shares of the aerospace company’s stock valued at $205,000 after buying an additional 2,030 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of AeroVironment during the 4th quarter valued at approximately $238,000. Hedge funds and other institutional investors own 74.80% of the company’s stock.

AVAV opened at $56.71 on Thursday. AeroVironment has a 52-week low of $28.13 and a 52-week high of $58.99. The stock has a market cap of $1,368.14, a PE ratio of 105.02, a P/E/G ratio of 4.09 and a beta of 1.24.

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About AeroVironment

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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