AeroVironment (NASDAQ:AVAV) Announces Earnings Results, Beats Expectations By $0.39 EPS

AeroVironment (NASDAQ:AVAV) posted its quarterly earnings data on Wednesday. The aerospace company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.39, Fidelity Earnings reports. AeroVironment had a return on equity of 7.93% and a net margin of 15.09%. The firm had revenue of $86.91 million during the quarter, compared to the consensus estimate of $85.25 million. AeroVironment updated its FY 2020 guidance to $1.47-1.67 EPS and its FY20 guidance to $1.47-$1.67 EPS.

NASDAQ:AVAV traded up $2.59 during trading hours on Thursday, reaching $55.35. The company had a trading volume of 37,758 shares, compared to its average volume of 150,878. AeroVironment has a 1-year low of $48.61 and a 1-year high of $121.32. The firm has a market cap of $1.31 billion, a PE ratio of 37.39, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14. The business’s 50 day moving average price is $52.60 and its 200-day moving average price is $63.92.

In other AeroVironment news, Chairman Timothy E. Conver sold 13,792 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $63.35, for a total value of $873,723.20. Following the completion of the transaction, the chairman now directly owns 55,659 shares of the company’s stock, valued at $3,525,997.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Timothy E. Conver sold 6,896 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $50.93, for a total value of $351,213.28. Following the completion of the transaction, the chairman now directly owns 56,660 shares of the company’s stock, valued at $2,885,693.80. The disclosure for this sale can be found here. Insiders sold 75,856 shares of company stock valued at $4,278,347 over the last three months. 10.50% of the stock is currently owned by corporate insiders.



A number of equities analysts have recently weighed in on AVAV shares. BidaskClub cut AeroVironment from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 14th. Zacks Investment Research raised AeroVironment from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Piper Jaffray Companies cut their target price on AeroVironment from $79.00 to $74.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 4th. Robert W. Baird reissued a “neutral” rating and set a $65.00 target price (down previously from $83.00) on shares of AeroVironment in a research report on Wednesday, June 26th. Finally, William Blair restated a “buy” rating on shares of AeroVironment in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $74.32.

AeroVironment Company Profile

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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Earnings History for AeroVironment (NASDAQ:AVAV)

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