AeroVironment (NASDAQ:AVAV) posted its quarterly earnings data on Wednesday. The aerospace company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.39, Fidelity Earnings reports. AeroVironment had a return on equity of 7.93% and a net margin of 15.09%. The firm had revenue of $86.91 million during the quarter, compared to the consensus estimate of $85.25 million. AeroVironment updated its FY 2020 guidance to $1.47-1.67 EPS and its FY20 guidance to $1.47-$1.67 EPS.
NASDAQ:AVAV traded up $2.59 during trading hours on Thursday, reaching $55.35. The company had a trading volume of 37,758 shares, compared to its average volume of 150,878. AeroVironment has a 1-year low of $48.61 and a 1-year high of $121.32. The firm has a market cap of $1.31 billion, a PE ratio of 37.39, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14. The business’s 50 day moving average price is $52.60 and its 200-day moving average price is $63.92.
In other AeroVironment news, Chairman Timothy E. Conver sold 13,792 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $63.35, for a total value of $873,723.20. Following the completion of the transaction, the chairman now directly owns 55,659 shares of the company’s stock, valued at $3,525,997.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Timothy E. Conver sold 6,896 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $50.93, for a total value of $351,213.28. Following the completion of the transaction, the chairman now directly owns 56,660 shares of the company’s stock, valued at $2,885,693.80. The disclosure for this sale can be found here. Insiders sold 75,856 shares of company stock valued at $4,278,347 over the last three months. 10.50% of the stock is currently owned by corporate insiders.
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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