AeroVironment (NASDAQ:AVAV) Issues Earnings Results

AeroVironment (NASDAQ:AVAV) released its quarterly earnings results on Wednesday. The aerospace company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.28, Briefing.com reports. The firm had revenue of $189.48 million for the quarter, compared to the consensus estimate of $183.18 million. AeroVironment had a return on equity of 10.89% and a net margin of 8.32%. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter last year, the business posted $1.00 EPS. AeroVironment updated its FY25 guidance to $3.18-3.49 EPS and its FY 2025 guidance to 3.180-3.490 EPS.

AeroVironment Price Performance

Shares of AVAV opened at $183.73 on Friday. The company’s 50-day moving average is $178.02 and its 200-day moving average is $172.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.56 and a quick ratio of 2.52. The firm has a market capitalization of $5.17 billion, a PE ratio of 82.76 and a beta of 0.51. AeroVironment has a fifty-two week low of $104.67 and a fifty-two week high of $224.00.

Insider Buying and Selling

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 511 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $178.45, for a total transaction of $91,187.95. Following the completion of the sale, the chief financial officer now directly owns 21,334 shares in the company, valued at $3,807,052.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other AeroVironment news, CEO Wahid Nawabi sold 9,867 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $169.23, for a total transaction of $1,669,792.41. Following the transaction, the chief executive officer now owns 99,892 shares in the company, valued at approximately $16,904,723.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kevin Patrick Mcdonnell sold 511 shares of AeroVironment stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $178.45, for a total transaction of $91,187.95. Following the completion of the sale, the chief financial officer now owns 21,334 shares of the company’s stock, valued at $3,807,052.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,287 shares of company stock valued at $1,928,305. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

AVAV has been the subject of several research reports. Baird R W raised shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Royal Bank of Canada lowered their price target on shares of AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a research note on Thursday. Robert W. Baird upgraded AeroVironment from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $161.00 to $220.00 in a report on Wednesday, August 28th. Alembic Global Advisors upgraded AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 target price on the stock in a report on Wednesday, August 28th. Finally, BTIG Research began coverage on AeroVironment in a research report on Wednesday, June 26th. They set a “buy” rating and a $255.00 price target for the company. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, AeroVironment currently has a consensus rating of “Buy” and a consensus target price of $210.20.

About AeroVironment

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.