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.
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.
ILLEGAL ACTIVITY NOTICE: This story was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2018/04/07/analysts-anticipate-aerovironment-inc-avav-will-announce-quarterly-sales-of-112-48-million.html.
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.
Get a free copy of the Zacks research report on AeroVironment (AVAV)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AeroVironment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AeroVironment and related companies with MarketBeat.com's FREE daily email newsletter.