Analysts Anticipate AeroVironment, Inc. (AVAV) Will Announce Quarterly Sales of $112.48 Million

Analysts expect that AeroVironment, Inc. (NASDAQ:AVAV) will report sales of $112.48 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for AeroVironment’s earnings. The lowest sales estimate is $107.50 million and the highest is $117.95 million. AeroVironment posted sales of $125.38 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 10.3%. The company is expected to announce its next quarterly earnings report on Tuesday, June 26th.

According to Zacks, analysts expect that AeroVironment will report full-year sales of $112.48 million for the current fiscal year, with estimates ranging from $289.10 million to $299.48 million. For the next year, analysts forecast that the company will report sales of $328.96 million per share, with estimates ranging from $324.27 million to $338.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow AeroVironment.

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AeroVironment (NASDAQ:AVAV) last issued its earnings results on Tuesday, March 6th. The aerospace company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. AeroVironment had a net margin of 10.50% and a return on equity of 9.15%. The firm had revenue of $63.90 million for the quarter, compared to analysts’ expectations of $58.18 million. During the same quarter last year, the business earned ($0.09) earnings per share. The business’s revenue was up 20.1% on a year-over-year basis.

AVAV has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of AeroVironment from a “hold” rating to a “strong-buy” rating and set a $64.00 target price on the stock in a report on Friday, December 8th. TheStreet upgraded shares of AeroVironment from a “c+” rating to a “b” rating in a report on Friday, December 8th. Canaccord Genuity restated a “hold” rating and issued a $50.00 target price on shares of AeroVironment in a report on Thursday, December 14th. BidaskClub cut shares of AeroVironment from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 27th. Finally, ValuEngine upgraded shares of AeroVironment from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $42.40.

Shares of AeroVironment stock traded down $1.13 on Wednesday, hitting $45.08. The stock had a trading volume of 190,335 shares, compared to its average volume of 324,603. AeroVironment has a one year low of $27.07 and a one year high of $58.99. The stock has a market capitalization of $1,104.70, a price-to-earnings ratio of 83.48, a P/E/G ratio of 3.30 and a beta of 1.24.

In related news, Chairman Timothy E. Conver sold 7,600 shares of AeroVironment stock in a transaction on Friday, January 26th. The shares were sold at an average price of $53.41, for a total value of $405,916.00. Following the sale, the chairman now owns 58,138 shares in the company, valued at $3,105,150.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Timothy E. Conver sold 3,800 shares of AeroVironment stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $47.72, for a total transaction of $181,336.00. Following the completion of the sale, the chairman now owns 58,138 shares in the company, valued at approximately $2,774,345.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,800 shares of company stock worth $2,082,020. 11.00% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in AVAV. Principal Financial Group Inc. boosted its holdings in AeroVironment by 1.9% in the third quarter. Principal Financial Group Inc. now owns 160,009 shares of the aerospace company’s stock valued at $8,660,000 after acquiring an additional 3,016 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in AeroVironment by 64.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,990 shares of the aerospace company’s stock valued at $432,000 after acquiring an additional 3,140 shares in the last quarter. Rhumbline Advisers boosted its holdings in AeroVironment by 3.0% in the third quarter. Rhumbline Advisers now owns 44,738 shares of the aerospace company’s stock valued at $2,421,000 after acquiring an additional 1,310 shares in the last quarter. SG Americas Securities LLC bought a new stake in AeroVironment in the third quarter valued at $513,000. Finally, Ameriprise Financial Inc. boosted its holdings in AeroVironment by 1.8% in the third quarter. Ameriprise Financial Inc. now owns 110,091 shares of the aerospace company’s stock valued at $5,958,000 after acquiring an additional 1,966 shares in the last quarter. Institutional investors and hedge funds own 74.84% of the company’s stock.

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AeroVironment Company Profile

AeroVironment, Inc designs, develops, produces, supports and operates a portfolio of products and services for government agencies, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems.

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