$0.16 EPS Expected for AeroVironment, Inc. (AVAV) This Quarter

Equities analysts expect AeroVironment, Inc. (NASDAQ:AVAV) to post earnings of $0.16 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for AeroVironment’s earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.18. AeroVironment posted earnings of $0.29 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 44.8%. The firm is expected to issue its next earnings report on Tuesday, December 4th.

According to Zacks, analysts expect that AeroVironment will report full year earnings of $1.36 per share for the current financial year, with EPS estimates ranging from $1.27 to $1.45. For the next year, analysts expect that the company will post earnings of $1.49 per share, with EPS estimates ranging from $1.28 to $1.90. Zacks’ earnings per share averages are an average based on a survey of research firms that follow AeroVironment.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Wednesday, September 5th. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.79. AeroVironment had a net margin of 15.56% and a return on equity of 10.71%. The business had revenue of $78.04 million for the quarter, compared to analyst estimates of $73.65 million. During the same quarter in the previous year, the business earned ($0.19) earnings per share. The firm’s revenue was up 127.1% compared to the same quarter last year.

A number of research analysts recently commented on the stock. Zacks Investment Research downgraded shares of AeroVironment from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 11th. Drexel Hamilton reaffirmed a “hold” rating on shares of AeroVironment in a research report on Wednesday, June 27th. Stifel Nicolaus downgraded shares of AeroVironment from a “buy” rating to a “hold” rating and boosted their price objective for the company from $65.00 to $70.00 in a research report on Thursday, June 28th. BidaskClub raised shares of AeroVironment from a “hold” rating to a “buy” rating in a research report on Tuesday, July 3rd. 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 research report on Tuesday, August 28th. Six equities research analysts have rated the stock with a hold rating and two have given a strong buy rating to the stock. AeroVironment presently has an average rating of “Buy” and a consensus price target of $83.20.

Shares of AVAV stock traded up $0.57 during trading hours on Monday, reaching $102.64. 315,600 shares of the stock traded hands, compared to its average volume of 366,181. AeroVironment has a 1-year low of $41.53 and a 1-year high of $121.32. The firm has a market capitalization of $2.68 billion, a P/E ratio of 95.04, a P/E/G ratio of 5.12 and a beta of 1.16.

In related news, VP Kirk J. Flittie sold 3,659 shares of the business’s stock in a transaction that occurred on Thursday, July 12th. The shares were sold at an average price of $72.76, for a total transaction of $266,228.84. Following the transaction, the vice president now directly owns 9,083 shares of the company’s stock, valued at $660,879.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.70% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its position in AeroVironment by 8.5% in the first quarter. BlackRock Inc. now owns 3,826,856 shares of the aerospace company’s stock worth $174,161,000 after acquiring an additional 298,784 shares in the last quarter. American Capital Management Inc. grew its position in AeroVironment by 3.0% in the second quarter. American Capital Management Inc. now owns 1,690,795 shares of the aerospace company’s stock worth $120,773,000 after acquiring an additional 49,529 shares in the last quarter. Baillie Gifford & Co. grew its position in AeroVironment by 47.2% in the second quarter. Baillie Gifford & Co. now owns 764,588 shares of the aerospace company’s stock worth $54,614,000 after acquiring an additional 245,033 shares in the last quarter. Global X Management Co LLC grew its position in AeroVironment by 15.2% in the second quarter. Global X Management Co LLC now owns 482,723 shares of the aerospace company’s stock worth $34,481,000 after acquiring an additional 63,811 shares in the last quarter. Finally, Legal & General Group Plc grew its position in AeroVironment by 880.8% in the first quarter. Legal & General Group Plc now owns 396,310 shares of the aerospace company’s stock worth $18,029,000 after acquiring an additional 355,905 shares in the last quarter. 82.17% of the stock is owned by institutional investors.

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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