Zacks: Brokerages Anticipate AeroVironment, Inc. (AVAV) to Announce $0.25 EPS

Equities research analysts expect AeroVironment, Inc. (NASDAQ:AVAV) to post earnings of $0.25 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for AeroVironment’s earnings, with estimates ranging from $0.21 to $0.31. AeroVironment reported earnings per share of $0.85 in the same quarter last year, which would suggest a negative year-over-year growth rate of 70.6%. The firm is scheduled to issue its next earnings results on Tuesday, June 25th.

According to Zacks, analysts expect that AeroVironment will report full year earnings of $1.75 per share for the current financial year, with EPS estimates ranging from $1.70 to $1.80. For the next year, analysts expect that the business will report earnings of $1.70 per share, with EPS estimates ranging from $1.53 to $1.80. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow AeroVironment.

AeroVironment (NASDAQ:AVAV) last announced its earnings results on Tuesday, March 5th. The aerospace company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.21. The firm had revenue of $75.32 million during the quarter, compared to analyst estimates of $75.30 million. AeroVironment had a net margin of 17.48% and a return on equity of 11.40%.

Several equities analysts have recently weighed in on the stock. BidaskClub lowered shares of AeroVironment from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. Zacks Investment Research lowered shares of AeroVironment from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. ValuEngine lowered shares of AeroVironment from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, William Blair assumed coverage on shares of AeroVironment in a research report on Thursday, January 24th. They set an “outperform” rating and a $73.60 price objective for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $77.60.

NASDAQ:AVAV opened at $67.82 on Friday. AeroVironment has a twelve month low of $49.69 and a twelve month high of $121.32. The stock has a market cap of $1.62 billion, a PE ratio of 62.80, a price-to-earnings-growth ratio of 1.82 and a beta of 1.33.

In other AeroVironment news, Chairman Timothy E. Conver sold 20,700 shares of the company’s stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $76.43, for a total transaction of $1,582,101.00. Following the completion of the sale, the chairman now directly owns 55,659 shares of the company’s stock, valued at $4,254,017.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Timothy E. Conver sold 20,688 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $82.88, for a total transaction of $1,714,621.44. Following the sale, the chairman now directly owns 55,659 shares of the company’s stock, valued at $4,613,017.92. The disclosure for this sale can be found here. Insiders have sold 109,348 shares of company stock valued at $8,347,624 over the last ninety days. Insiders own 11.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. IMS Capital Management purchased a new stake in shares of AeroVironment in the third quarter worth approximately $25,000. Laurel Wealth Advisors LLC purchased a new stake in shares of AeroVironment in the fourth quarter worth approximately $68,000. Bank of Montreal Can lifted its position in shares of AeroVironment by 12.9% in the fourth quarter. Bank of Montreal Can now owns 1,350 shares of the aerospace company’s stock worth $91,000 after purchasing an additional 154 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of AeroVironment by 24.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,496 shares of the aerospace company’s stock worth $102,000 after purchasing an additional 296 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of AeroVironment in the fourth quarter worth approximately $122,000. 85.55% 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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Earnings History and Estimates for AeroVironment (NASDAQ:AVAV)

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