AeroVironment, Inc. (AVAV) Expected to Post Earnings of $0.43 Per Share

Wall Street analysts expect AeroVironment, Inc. (NASDAQ:AVAV) to report earnings per share (EPS) of $0.43 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for AeroVironment’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.56. AeroVironment reported earnings of $1.30 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 66.9%. The firm is expected to report its next earnings results on Tuesday, June 26th.

On average, analysts expect that AeroVironment will report full year earnings of $0.65 per share for the current financial year. For the next fiscal year, analysts forecast that the company will post earnings of $0.90 per share, with EPS estimates ranging from $0.70 to $1.15. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover AeroVironment.

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

A number of equities analysts recently commented on AVAV shares. Zacks Investment Research downgraded AeroVironment from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. BidaskClub downgraded AeroVironment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 27th. Canaccord Genuity reiterated a “hold” rating and issued a $50.00 price target on shares of AeroVironment in a research note on Thursday, December 14th. Finally, ValuEngine upgraded AeroVironment from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $42.40.

In other AeroVironment news, Chairman Timothy E. Conver sold 7,600 shares of AeroVironment stock in a transaction that occurred on Tuesday, March 27th. The stock was sold at an average price of $45.78, for a total value of $347,928.00. Following the completion of the transaction, the chairman now directly owns 58,138 shares in the company, valued at $2,661,557.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Timothy E. Conver sold 3,800 shares of AeroVironment stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $47.72, for a total value of $181,336.00. Following the completion of the transaction, the chairman now owns 58,138 shares of the company’s stock, valued at $2,774,345.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,800 shares of company stock valued at $2,082,020. 11.00% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the business. Tyers Asset Management LLC boosted its stake in AeroVironment by 106.8% in the fourth quarter. Tyers Asset Management LLC now owns 1,952 shares of the aerospace company’s stock valued at $110,000 after acquiring an additional 1,008 shares during the period. LS Investment Advisors LLC boosted its stake in AeroVironment by 179.6% in the fourth quarter. LS Investment Advisors LLC now owns 2,069 shares of the aerospace company’s stock valued at $116,000 after acquiring an additional 1,329 shares during the period. Meadow Creek Investment Management LLC boosted its stake in AeroVironment by 106.8% in the fourth quarter. Meadow Creek Investment Management LLC now owns 3,416 shares of the aerospace company’s stock valued at $192,000 after acquiring an additional 1,764 shares during the period. Jane Street Group LLC boosted its stake in AeroVironment by 124.8% in the fourth quarter. Jane Street Group LLC now owns 3,657 shares of the aerospace company’s stock valued at $205,000 after acquiring an additional 2,030 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new position in AeroVironment in the fourth quarter valued at approximately $238,000. Institutional investors own 74.84% of the company’s stock.

NASDAQ:AVAV traded up $0.69 during mid-day trading on Monday, reaching $45.77. The stock had a trading volume of 223,180 shares, compared to its average volume of 338,536. The company has a market capitalization of $1,077.68, a price-to-earnings ratio of 84.76, a price-to-earnings-growth ratio of 3.22 and a beta of 1.24. AeroVironment has a 1-year low of $27.07 and a 1-year high of $58.99.

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About AeroVironment

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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