Brokerages expect that AeroVironment, Inc. (NASDAQ:AVAV) will announce earnings per share (EPS) of $0.06 for the current quarter, according to Zacks. Three analysts have made estimates for AeroVironment’s earnings, with the lowest EPS estimate coming in at $0.00 and the highest estimate coming in at $0.11. AeroVironment posted earnings of ($0.19) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 131.6%. The firm is scheduled to issue its next earnings report on Tuesday, September 4th.
According to Zacks, analysts expect that AeroVironment will report full year earnings of $1.01 per share for the current financial year, with EPS estimates ranging from $0.97 to $1.05. For the next year, analysts expect that the company will report earnings of $1.47 per share, with EPS estimates ranging from $1.27 to $1.90. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover AeroVironment.
AeroVironment (NASDAQ:AVAV) last announced its earnings results on Tuesday, June 26th. The aerospace company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.33. The business had revenue of $117.38 million for the quarter, compared to the consensus estimate of $116.16 million. AeroVironment had a net margin of 6.71% and a return on equity of 6.37%. AeroVironment’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $1.30 earnings per share.
A number of equities research analysts recently weighed in on AVAV shares. Zacks Investment Research downgraded shares of AeroVironment from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. BidaskClub raised shares of AeroVironment from a “strong sell” rating to a “sell” rating in a research note on Tuesday, March 13th. ValuEngine raised shares of AeroVironment from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Stifel Nicolaus raised shares of AeroVironment from a “hold” rating to a “buy” rating and raised their target price for the company from $45.00 to $65.00 in a research note on Wednesday, April 11th. Finally, Robert W. Baird increased their price target on shares of AeroVironment from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, June 6th. Eight research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. AeroVironment presently has a consensus rating of “Hold” and an average price target of $53.67.
Hedge funds and other institutional investors have recently modified their holdings of the business. Tyers Asset Management LLC grew its position in AeroVironment by 106.8% during 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 last quarter. Sei Investments Co. bought a new position in AeroVironment during the first quarter valued at approximately $100,000. Meadow Creek Investment Management LLC grew its position in AeroVironment by 106.8% during 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 last quarter. Jane Street Group LLC grew its position in AeroVironment by 124.8% during 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 last quarter. Finally, SG Americas Securities LLC grew its position in AeroVironment by 72.4% during the first quarter. SG Americas Securities LLC now owns 3,717 shares of the aerospace company’s stock valued at $169,000 after acquiring an additional 1,561 shares during the last quarter. Institutional investors and hedge funds own 79.14% of the company’s stock.
AVAV traded down $0.14 on Wednesday, reaching $71.29. The company had a trading volume of 387,600 shares, compared to its average volume of 365,213. The company has a market capitalization of $1.71 billion, a P/E ratio of 65.83, a P/E/G ratio of 3.28 and a beta of 1.19. AeroVironment has a 52-week low of $36.71 and a 52-week high of $73.63.
AeroVironment Company Profile
AeroVironment, Inc designs, develops, produces, supports, and operates unmanned aircraft systems (UAS) and efficient energy systems (EES) in the United States and internationally. The company offers small UAS products to deliver intelligence, surveillance, and reconnaissance; and communications, such as real-time tactical reconnaissance, tracking, combat assessment, and geographic data to the small tactical unit or individual operator.
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