$0.35 EPS Expected for AeroVironment, Inc. (NASDAQ:AVAV) This Quarter

Analysts expect AeroVironment, Inc. (NASDAQ:AVAV) to announce earnings of $0.35 per share for the current quarter, Zacks reports. Four analysts have provided estimates for AeroVironment’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.37. AeroVironment posted earnings of $0.59 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 40.7%. The business is scheduled to report its next earnings results on Wednesday, September 4th.

According to Zacks, analysts expect that AeroVironment will report full year earnings of $1.53 per share for the current financial year, with EPS estimates ranging from $1.48 to $1.60. For the next financial year, analysts forecast that the firm will report earnings of $1.74 per share, with EPS estimates ranging from $1.68 to $1.90. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for AeroVironment.

AeroVironment (NASDAQ:AVAV) last announced its earnings results on Tuesday, June 25th. The aerospace company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. AeroVironment had a net margin of 15.09% and a return on equity of 7.93%. The firm had revenue of $87.90 million for the quarter, compared to the consensus estimate of $82.57 million. During the same period in the prior year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was down 25.1% on a year-over-year basis.

A number of brokerages have commented on AVAV. William Blair reissued a “buy” rating on shares of AeroVironment in a research report on Monday, July 8th. ValuEngine raised shares of United Overseas Bank from a “sell” rating to a “hold” rating in a research report on Monday, June 17th. Robert W. Baird reissued a “neutral” rating and issued a $65.00 price objective (down from $83.00) on shares of AeroVironment in a research report on Wednesday, June 26th. Piper Jaffray Companies increased their price objective on shares of Mirati Therapeutics from $85.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, June 4th. Finally, Canaccord Genuity dropped their price objective on shares of AeroVironment from $86.00 to $80.00 and set an “in-line” rating on the stock in a research report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $74.32.

In other news, Chairman Timothy E. Conver sold 6,896 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $68.36, for a total value of $471,410.56. Following the completion of the transaction, the chairman now owns 55,659 shares in the company, valued at approximately $3,804,849.24. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Timothy E. Conver sold 13,792 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $55.24, for a total transaction of $761,870.08. Following the completion of the transaction, the chairman now owns 56,660 shares of the company’s stock, valued at approximately $3,129,898.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 76,156 shares of company stock worth $4,787,431. Insiders own 11.70% of the company’s stock.

Several institutional investors have recently modified their holdings of AVAV. BlackRock Inc. raised its stake in shares of AeroVironment by 4.4% in the fourth quarter. BlackRock Inc. now owns 3,852,473 shares of the aerospace company’s stock valued at $261,777,000 after purchasing an additional 164,034 shares in the last quarter. Texas Permanent School Fund lifted its holdings in shares of AeroVironment by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 13,936 shares of the aerospace company’s stock worth $947,000 after acquiring an additional 535 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of AeroVironment by 12.7% in the 4th quarter. Raymond James & Associates now owns 20,371 shares of the aerospace company’s stock worth $1,384,000 after acquiring an additional 2,291 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of AeroVironment by 3.4% in the 4th quarter. Great West Life Assurance Co. Can now owns 28,373 shares of the aerospace company’s stock worth $1,783,000 after acquiring an additional 935 shares during the last quarter. Finally, United Services Automobile Association lifted its holdings in shares of AeroVironment by 25.1% in the 4th quarter. United Services Automobile Association now owns 4,232 shares of the aerospace company’s stock worth $288,000 after acquiring an additional 848 shares during the last quarter. Institutional investors and hedge funds own 82.66% of the company’s stock.

AVAV traded down $1.05 during trading hours on Friday, hitting $54.40. 523 shares of the company’s stock were exchanged, compared to its average volume of 328,490. AeroVironment has a 12-month low of $53.90 and a 12-month high of $121.32. The stock’s 50 day moving average price is $60.61. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 36.91, a P/E/G ratio of 1.45 and a beta of 1.11.

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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Earnings History and Estimates for AeroVironment (NASDAQ:AVAV)

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