Equities analysts expect that AeroVironment, Inc. (NASDAQ:AVAV) will report earnings of $0.16 per share for the current quarter, Zacks reports. Four analysts have made estimates for AeroVironment’s earnings, with estimates ranging from $0.10 to $0.18. AeroVironment reported earnings of $0.29 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 44.8%. The firm is expected to report its next quarterly earnings report on Tuesday, December 4th.
On average, analysts expect that AeroVironment will report full year earnings of $1.36 per share for the current fiscal year, with EPS estimates ranging from $1.27 to $1.45. For the next fiscal year, analysts forecast that the business will post earnings of $1.49 per share, with EPS estimates ranging from $1.28 to $1.90. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover AeroVironment.
AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Wednesday, September 5th. The aerospace company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.79. The firm had revenue of $78.04 million for the quarter, compared to analysts’ expectations of $73.65 million. AeroVironment had a net margin of 15.56% and a return on equity of 10.71%. The company’s revenue was up 127.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.19) EPS.
Several brokerages recently issued reports on AVAV. BidaskClub lowered shares of AeroVironment from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 22nd. Zacks Investment Research upgraded shares of AeroVironment from a “hold” rating to a “strong-buy” rating and set a $115.00 price objective on the stock in a report on Friday, September 7th. Canaccord Genuity boosted their price objective on shares of AeroVironment from $60.00 to $80.00 and gave the company a “hold” rating in a report on Thursday, September 6th. Piper Jaffray Companies restated a “neutral” rating and issued a $77.00 price objective on shares of AeroVironment in a report on Thursday, September 6th. Finally, Robert W. Baird boosted their price objective on shares of AeroVironment from $52.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, August 28th. Six analysts have rated the stock with a hold rating and two have issued a strong buy rating to the stock. AeroVironment currently has an average rating of “Buy” and an average target price of $83.20.
AVAV traded up $1.65 on Monday, hitting $92.69. The company had a trading volume of 343,593 shares, compared to its average volume of 367,273. The firm has a market cap of $2.68 billion, a P/E ratio of 85.82, a price-to-earnings-growth ratio of 5.12 and a beta of 1.16. AeroVironment has a 1 year low of $41.53 and a 1 year high of $121.32.
A number of large investors have recently modified their holdings of AVAV. SG Americas Securities LLC increased its stake in AeroVironment by 72.4% during the first quarter. SG Americas Securities LLC now owns 3,717 shares of the aerospace company’s stock worth $169,000 after purchasing an additional 1,561 shares during the period. Swiss National Bank increased its stake in AeroVironment by 3.6% during the first quarter. Swiss National Bank now owns 37,400 shares of the aerospace company’s stock worth $1,702,000 after purchasing an additional 1,300 shares during the period. Schwab Charles Investment Management Inc. increased its stake in AeroVironment by 1.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 104,554 shares of the aerospace company’s stock worth $4,759,000 after purchasing an additional 1,471 shares during the period. BlackRock Inc. increased its stake in AeroVironment by 8.5% during the first quarter. BlackRock Inc. now owns 3,826,856 shares of the aerospace company’s stock worth $174,161,000 after purchasing an additional 298,784 shares during the period. Finally, Sei Investments Co. purchased a new stake in AeroVironment during the first quarter worth about $100,000. Institutional investors own 82.17% of the company’s stock.
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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