$0.26 Earnings Per Share Expected for AeroVironment, Inc. (NASDAQ:AVAV) This Quarter

Wall Street brokerages expect that AeroVironment, Inc. (NASDAQ:AVAV) will announce $0.26 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for AeroVironment’s earnings. The lowest EPS estimate is ($0.08) and the highest is $0.45. AeroVironment posted earnings per share of $0.59 during the same quarter last year, which would indicate a negative year over year growth rate of 55.9%. The company is scheduled to announce its next earnings report on Wednesday, September 4th.

According to Zacks, analysts expect that AeroVironment will report full year earnings of $1.66 per share for the current year, with EPS estimates ranging from $1.44 to $1.80. For the next financial year, analysts anticipate that the business will report earnings of $1.88 per share, with EPS estimates ranging from $1.75 to $2.05. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow AeroVironment.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings data on Tuesday, June 25th. The aerospace company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.01. The business had revenue of $87.90 million for the quarter, compared to analyst estimates of $82.57 million. AeroVironment had a return on equity of 11.40% and a net margin of 17.48%. The firm’s revenue for the quarter was down 25.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 EPS.

AVAV has been the topic of a number of analyst reports. BidaskClub lowered AeroVironment from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 5th. Zacks Investment Research raised AeroVironment from a “hold” rating to a “strong-buy” rating and set a $91.00 price objective on the stock in a report on Friday, March 8th. TheStreet lowered AeroVironment from an “a-” rating to a “c+” rating in a report on Monday, March 11th. ValuEngine lowered AeroVironment from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Finally, Canaccord Genuity raised AeroVironment from a “hold” rating to a “buy” rating and raised their target price for the company from $84.00 to $86.00 in a report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. AeroVironment currently has a consensus rating of “Hold” and a consensus target price of $73.60.

In other AeroVironment news, Chairman Timothy E. Conver sold 14,092 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $66.04, for a total value of $930,635.68. Following the sale, the chairman now owns 55,659 shares of the company’s stock, valued at approximately $3,675,720.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Timothy E. Conver sold 13,792 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $63.35, for a total value of $873,723.20. Following the completion of the sale, the chairman now directly owns 55,659 shares in the company, valued at approximately $3,525,997.65. The disclosure for this sale can be found here. Insiders sold a total of 80,781 shares of company stock worth $5,391,781 in the last ninety days. Insiders own 11.70% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AVAV. Laurel Wealth Advisors LLC bought a new stake in shares of AeroVironment in the 4th quarter worth approximately $68,000. Bank of Montreal Can lifted its position in shares of AeroVironment by 12.9% in the 4th quarter. Bank of Montreal Can now owns 1,350 shares of the aerospace company’s stock worth $91,000 after acquiring an additional 154 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of AeroVironment in the 4th quarter worth approximately $122,000. LS Investment Advisors LLC lifted its position in shares of AeroVironment by 15.9% in the 4th quarter. LS Investment Advisors LLC now owns 2,059 shares of the aerospace company’s stock worth $140,000 after acquiring an additional 282 shares during the period. Finally, Quantamental Technologies LLC bought a new stake in shares of AeroVironment in the 1st quarter worth approximately $159,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ AVAV traded down $5.53 during mid-day trading on Wednesday, reaching $55.78. 70,687 shares of the company traded hands, compared to its average volume of 201,953. The stock has a market cap of $1.48 billion, a PE ratio of 51.75, a PEG ratio of 1.49 and a beta of 1.29. The company’s fifty day moving average is $65.12. AeroVironment has a fifty-two week low of $56.00 and a fifty-two week high of $121.32.

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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Earnings History and Estimates for AeroVironment (NASDAQ:AVAV)

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