AeroVironment (AVAV) Announces Quarterly Earnings Results, Misses Expectations By $0.05 EPS
AeroVironment (NASDAQ:AVAV) issued its quarterly earnings data on Wednesday. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $0.05, StockRatingsNetwork.com reports. The company had revenue of $51.90 million for the quarter, compared to the consensus estimate of $50.70 million. During the same quarter in the previous year, the company posted ($0.32) earnings per share.
AVAV has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $29.50.
Shares of AeroVironment (NASDAQ:AVAV) traded up 1.08% during mid-day trading on Wednesday, hitting $33.65. 608,844 shares of the company’s stock traded hands. AeroVironment has a 52 week low of $21.66 and a 52 week high of $41.67. The stock’s 50-day moving average is $32.06 and its 200-day moving average is $33.83. The company has a market cap of $766.6 million and a P/E ratio of 55.48.
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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