AeroVironment (NASDAQ:AVAV – Get Free Report) announced its quarterly earnings results on Wednesday. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.29), Briefing.com reports. The company had revenue of $188.46 million during the quarter, compared to analysts’ expectations of $181.80 million. AeroVironment had a net margin of 7.82% and a return on equity of 9.87%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 EPS. AeroVironment updated its FY25 guidance to $3.18-3.49 EPS.
AeroVironment Trading Up 2.0 %
Shares of AeroVironment stock traded up $3.79 during mid-day trading on Wednesday, hitting $196.89. 669,499 shares of the stock were exchanged, compared to its average volume of 342,535. AeroVironment has a twelve month low of $116.51 and a twelve month high of $236.60. The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of 90.66 and a beta of 0.45. The company has a 50-day simple moving average of $208.78 and a 200 day simple moving average of $194.35. The company has a current ratio of 4.26, a quick ratio of 3.04 and a debt-to-equity ratio of 0.01.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on AVAV shares. Alembic Global Advisors upgraded shares of AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price target for the company in a report on Wednesday, August 28th. Raymond James downgraded shares of AeroVironment from an “outperform” rating to a “market perform” rating in a report on Monday, September 16th. Baird R W raised shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Jefferies Financial Group raised shares of AeroVironment from a “hold” rating to a “buy” rating and lowered their price objective for the company from $240.00 to $230.00 in a research note on Wednesday, November 20th. Finally, Robert W. Baird raised shares of AeroVironment from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $161.00 to $220.00 in a research note on Wednesday, August 28th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $211.83.
Insiders Place Their Bets
In related news, CFO Kevin Patrick Mcdonnell sold 508 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $216.65, for a total value of $110,058.20. Following the transaction, the chief financial officer now owns 16,868 shares in the company, valued at approximately $3,654,452.20. This trade represents a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 1,782 shares of company stock valued at $373,609 in the last ninety days. Insiders own 1.27% of the company’s stock.
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.
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