$74.83 Million in Sales Expected for AeroVironment, Inc. (AVAV) This Quarter

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Brokerages predict that AeroVironment, Inc. (NASDAQ:AVAV) will post $74.83 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for AeroVironment’s earnings. The lowest sales estimate is $71.80 million and the highest is $80.00 million. AeroVironment posted sales of $73.83 million during the same quarter last year, which suggests a positive year over year growth rate of 1.4%. The company is expected to announce its next earnings report on Tuesday, December 4th.

On average, analysts expect that AeroVironment will report full year sales of $307.72 million for the current year, with estimates ranging from $300.00 million to $320.00 million. For the next financial year, analysts forecast that the firm will report sales of $376.68 million, with estimates ranging from $342.00 million to $460.00 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover AeroVironment.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Wednesday, September 5th. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.79. The firm had revenue of $78.04 million during the quarter, compared to the consensus estimate of $73.65 million. AeroVironment had a return on equity of 10.71% and a net margin of 15.56%. The business’s revenue for the quarter was up 127.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.19) EPS.

AVAV has been the subject of a number of recent analyst reports. Piper Jaffray Companies restated a “neutral” rating and issued a $77.00 price objective on shares of AeroVironment in a research note on Thursday, September 6th. BidaskClub upgraded AeroVironment from a “hold” rating to a “buy” rating in a research report on Tuesday, July 3rd. Drexel Hamilton reiterated a “hold” rating on shares of AeroVironment in a research report on Wednesday, June 27th. Zacks Investment Research upgraded AeroVironment from a “hold” rating to a “strong-buy” rating and set a $115.00 price objective for the company in a research report on Friday, September 7th. Finally, Canaccord Genuity upped their price objective on AeroVironment from $60.00 to $80.00 and gave the company a “hold” rating in a research report on Thursday, September 6th. Six investment analysts have rated the stock with a hold rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $83.20.

NASDAQ:AVAV traded up $1.65 during trading on Wednesday, reaching $92.69. The company’s stock had a trading volume of 343,593 shares, compared to its average volume of 367,273. The company has a market capitalization of $2.68 billion, a PE ratio of 85.82, a price-to-earnings-growth ratio of 5.12 and a beta of 1.16. AeroVironment has a 12 month low of $41.53 and a 12 month high of $121.32.

A number of large investors have recently added to or reduced their stakes in the business. Global X Management Co LLC lifted its holdings in shares of AeroVironment by 15.2% during the second quarter. Global X Management Co LLC now owns 482,723 shares of the aerospace company’s stock worth $34,481,000 after buying an additional 63,811 shares in the last quarter. KBC Group NV boosted its holdings in AeroVironment by 3.6% in the second quarter. KBC Group NV now owns 60,468 shares of the aerospace company’s stock valued at $4,319,000 after acquiring an additional 2,125 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in AeroVironment in the second quarter valued at approximately $9,261,000. Laurion Capital Management LP bought a new stake in AeroVironment in the second quarter valued at approximately $203,000. Finally, Royce & Associates LP boosted its holdings in shares of AeroVironment by 25.0% during the 2nd quarter. Royce & Associates LP now owns 22,500 shares of the aerospace company’s stock worth $1,607,000 after buying an additional 4,500 shares in the last quarter. 82.17% of the stock is owned by institutional investors and hedge funds.

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 and Estimates for AeroVironment (NASDAQ:AVAV)

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