AeroVironment (NASDAQ:AVAV) Issues FY 2020 After-Hours Earnings Guidance

AeroVironment (NASDAQ:AVAV) issued an update on its FY 2020
After-Hours earnings guidance on Tuesday morning. The company provided EPS guidance of 1.47-1.67 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.66. The company issued revenue guidance of $350-370 million, compared to the consensus revenue estimate of $360.02 million.AeroVironment also updated its FY20 guidance to $1.47-$1.67 EPS.

Several analysts have issued reports on AVAV shares. Piper Jaffray Companies reissued a buy rating and set a $76.00 price target on shares of AeroVironment in a report on Wednesday, November 20th. Stifel Nicolaus reaffirmed a hold rating on shares of AeroVironment in a research note on Thursday, September 26th. BidaskClub raised AeroVironment from a hold rating to a buy rating in a research report on Thursday. Zacks Investment Research downgraded AeroVironment from a buy rating to a hold rating in a research note on Friday, November 8th. Finally, William Blair reissued a buy rating on shares of AeroVironment in a report on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. AeroVironment currently has a consensus rating of Buy and an average price target of $74.92.

Shares of AVAV stock opened at $61.59 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 10.56 and a quick ratio of 9.26. AeroVironment has a one year low of $48.61 and a one year high of $95.38. The company’s fifty day moving average price is $60.18 and its 200-day moving average price is $58.10. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 41.61 and a beta of 1.18.

AeroVironment (NASDAQ:AVAV) last issued its earnings results on Tuesday, December 3rd. The aerospace company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. AeroVironment had a net margin of 11.52% and a return on equity of 8.55%. The company had revenue of $83.30 million during the quarter, compared to the consensus estimate of $80.53 million. During the same quarter in the prior year, the firm posted $0.29 EPS. AeroVironment’s quarterly revenue was up 14.1% compared to the same quarter last year. Equities research analysts expect that AeroVironment will post 1.65 earnings per share for the current fiscal year.

In other news, Chairman Timothy E. Conver sold 6,896 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $52.17, for a total value of $359,764.32. Following the completion of the transaction, the chairman now owns 56,660 shares of the company’s stock, valued at $2,955,952.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold 41,376 shares of company stock worth $2,437,115 over the last 90 days. Company insiders own 10.50% of the company’s stock.

About AeroVironment

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 and Estimates for AeroVironment (NASDAQ:AVAV)

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