AeroVironment (NASDAQ:AVAV) announced its quarterly earnings data on Thursday. The aerospace company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.13, MarketWatch Earnings reports. The business had revenue of $72.98 million during the quarter, compared to analyst estimates of $74.54 million. AeroVironment had a return on equity of 10.71% and a net margin of 15.56%. The company’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share.
Shares of AeroVironment stock opened at $91.68 on Friday. The firm has a market cap of $2.20 billion, a PE ratio of 84.89, a P/E/G ratio of 3.36 and a beta of 1.31. AeroVironment has a 12-month low of $41.60 and a 12-month high of $121.32.
Several institutional investors have recently made changes to their positions in AVAV. Point72 Hong Kong Ltd acquired a new stake in shares of AeroVironment during the second quarter worth $111,000. Tower Research Capital LLC TRC acquired a new stake in shares of AeroVironment during the second quarter worth $158,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of AeroVironment during the third quarter worth $170,000. PNC Financial Services Group Inc. raised its position in shares of AeroVironment by 113.2% during the second quarter. PNC Financial Services Group Inc. now owns 2,527 shares of the aerospace company’s stock worth $181,000 after purchasing an additional 1,342 shares during the period. Finally, Laurion Capital Management LP acquired a new stake in shares of AeroVironment during the second quarter worth $203,000. 82.44% of the stock is currently owned by institutional investors.
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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