AeroVironment (AVAV) Set to Announce Quarterly Earnings on Wednesday
AeroVironment (NASDAQ:AVAV) is set to issue its Q115 quarterly earnings data on Wednesday, September 3rd. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $50.70 million for the quarter.
AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings results on Tuesday, July 8th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. The company had revenue of $73.50 million for the quarter, compared to the consensus estimate of $69.62 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. On average, analysts expect AeroVironment to post $0.08 EPS for the current fiscal year and $0.55 EPS for the next fiscal year.
AeroVironment (NASDAQ:AVAV) traded up 3.61% on Tuesday, hitting $32.6773. The stock had a trading volume of 190,823 shares. AeroVironment has a 52-week low of $21.66 and a 52-week high of $41.67. The stock has a 50-day moving average of $32.16 and a 200-day moving average of $33.75. The company has a market cap of $744.5 million and a price-to-earnings ratio of 52.57.
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of AeroVironment in a research note on Wednesday, July 9th. They now have a $30.00 price target on the stock, up previously from $29.00. Analysts at Benchmark Co. downgraded shares of AeroVironment from a “buy” rating to a “hold” rating in a research note on Tuesday, June 17th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. AeroVironment presently has a consensus rating of “Hold” and a consensus target price of $29.50.
AeroVironment, Inc designs, develops, produces and supports a portfolio of products and services. The Company operates in two segments: Unmanned Aircraft Systems (NASDAQ:AVAV) and Efficient Energy Systems (EES).
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