AeroVironment (NASDAQ:AVAV) posted its quarterly earnings results on Thursday. The aerospace company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.13, MarketWatch Earnings reports. AeroVironment had a return on equity of 10.71% and a net margin of 15.56%. The firm had revenue of $72.98 million for the quarter, compared to analyst estimates of $74.54 million. During the same period in the previous year, the firm earned $0.29 earnings per share. AeroVironment’s quarterly revenue was up 10.9% on a year-over-year basis.
Shares of AVAV stock opened at $91.68 on Friday. AeroVironment has a fifty-two week low of $41.60 and a fifty-two week high of $121.32. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 84.89, a PEG ratio of 3.36 and a beta of 1.31.
Several research analysts have weighed in on the company. Drexel Hamilton reaffirmed a “hold” rating on shares of AeroVironment in a research report on Friday. BidaskClub raised AeroVironment from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 11th. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $77.00 target price on shares of AeroVironment in a research report on Thursday, September 6th. Zacks Investment Research raised AeroVironment from a “hold” rating to a “strong-buy” rating and set a $115.00 target price on the stock in a research report on Friday, September 7th. Finally, Robert W. Baird upped their target price on AeroVironment from $52.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 28th. Six research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $83.20.
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AeroVironment, Inc designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company offers unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S. Department of Defense and to international allied governments; and tactical missile systems and related services to organizations within the U.S.
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