AeroVironment, Inc. (NASDAQ:AVAV) Expected to Post Quarterly Sales of $132.78 Million - Defense World - Financial Daily News Site

AeroVironment, Inc. (NASDAQ:AVAV) Expected to Post Quarterly Sales of $132.78 Million – Defense World


Analysts predict that AeroVironment, Inc. (NASDAQ:AVAV – Get Rating) will announce sales of $132.78 million for the current quarter, Zacks reports. Two analysts have provided estimates for AeroVironment’s earnings, with the highest sales estimate coming in at $141.55 million and the lowest estimate coming in at $124.00 million. AeroVironment reported sales of $136.02 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.4%. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that AeroVironment will report full-year sales of $445.88 million for the current financial year, with estimates ranging from $437.10 million to $454.66 million. For the next year, analysts expect that the company will post sales of $493.74 million, with estimates ranging from $449.80 million to $537.68 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover AeroVironment.

AeroVironment (NASDAQ:AVAV – Get Rating) last released its quarterly earnings results on Thursday, March 3rd. The aerospace company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $90.10 million for the quarter, compared to analysts’ expectations of $107.01 million. AeroVironment had a positive return on equity of 8.14% and a negative net margin of 0.11%. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share.

Several brokerages recently commented on AVAV. Canaccord Genuity Group raised AeroVironment from a “hold” rating to a “buy” rating and boosted their target price for the stock from $64.00 to $85.00 in a report on Friday, March 4th. Royal Bank of Canada raised AeroVironment from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $95.00 to $100.00 in a report on Wednesday, May 18th. Canaccord Genuity Group raised AeroVironment from a “hold” rating to a “buy” rating and boosted their target price for the stock from $64.00 to $85.00 in a report on Friday, March 4th. Zacks Investment Research raised AeroVironment from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a report on Wednesday, May 4th. Finally, Robert W. Baird cut AeroVironment from an “outperform” rating to a “neutral” rating and set a $95.00 target price on the stock. in a report on Friday, April 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, AeroVironment currently has a consensus rating of “Hold” and an average price target of $89.00.

In other AeroVironment news, VP Melissa Ann Brown sold 1,200 shares of AeroVironment stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $75.77, for a total value of $90,924.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 7.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. grew its position in AeroVironment by 3.1% during the 1st quarter. Victory Capital Management Inc. now owns 5,121 shares of the aerospace company’s stock worth $411,000 after purchasing an additional 153 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of AeroVironment by 2.6% during the 3rd quarter. Arizona State Retirement System now owns 6,386 shares of the aerospace company’s stock valued at $551,000 after acquiring an additional 161 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of AeroVironment by 5.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 3,325 shares of the aerospace company’s stock valued at $313,000 after acquiring an additional 173 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of AeroVironment by 1.0% during the 3rd quarter. Voya Investment Management LLC now owns 19,422 shares of the aerospace company’s stock valued at $1,677,000 after acquiring an additional 187 shares in the last quarter. Finally, Bouvel Investment Partners LLC grew its holdings in shares of AeroVironment by 0.8% during the 1st quarter. Bouvel Investment Partners LLC now owns 26,969 shares of the aerospace company’s stock valued at $2,539,000 after acquiring an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 85.48% of the company’s stock.

AVAV opened at $96.27 on Monday. The business’s 50 day moving average is $91.37 and its 200-day moving average is $76.67. The stock has a market cap of $2.40 billion, a PE ratio of -3,207.93 and a beta of 0.43. The company has a current ratio of 4.05, a quick ratio of 3.03 and a debt-to-equity ratio of 0.30. AeroVironment has a twelve month low of $52.03 and a twelve month high of $115.95.

AeroVironment Company Profile (Get Rating)

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses. It operates in two segments, Unmanned Aircraft Systems (UAS) and Medium Unmanned Aircraft Systems (MUAS). The company supplies UAS, tactical missile systems, and related services primarily to organizations within the U.S.

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