Equities analysts forecast that AeroVironment, Inc. (NASDAQ:AVAV) will post sales of $66.04 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for AeroVironment’s earnings, with the lowest sales estimate coming in at $59.27 million and the highest estimate coming in at $72.50 million. AeroVironment posted sales of $50.12 million during the same quarter last year, which would indicate a positive year over year growth rate of 31.8%. The firm is scheduled to issue its next earnings results on Tuesday, December 5th.

According to Zacks, analysts expect that AeroVironment will report full-year sales of $66.04 million for the current year, with estimates ranging from $290.00 million to $293.17 million. For the next financial year, analysts forecast that the business will report sales of $319.74 million per share, with estimates ranging from $313.00 million to $327.00 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover AeroVironment.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings data on Tuesday, August 29th. The aerospace company reported ($0.19) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.15. AeroVironment had a net margin of 7.22% and a return on equity of 5.40%. The business had revenue of $43.80 million for the quarter, compared to the consensus estimate of $42.44 million. During the same period in the prior year, the firm earned ($0.51) earnings per share. The company’s revenue was up 21.0% compared to the same quarter last year.

Several analysts have recently issued reports on the company. Canaccord Genuity upped their price objective on AeroVironment from $40.00 to $48.00 and gave the stock a “hold” rating in a report on Wednesday, October 4th. Robert W. Baird restated a “hold” rating and set a $35.00 price target on shares of AeroVironment in a report on Tuesday. Piper Jaffray Companies restated a “neutral” rating and set a $36.00 price target on shares of AeroVironment in a report on Thursday, August 31st. Jefferies Group LLC increased their price target on AeroVironment from $29.00 to $37.00 and gave the company a “hold” rating in a report on Wednesday, August 30th. Finally, BidaskClub lowered AeroVironment from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Six analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus target price of $39.00.

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Shares of AeroVironment (NASDAQ:AVAV) opened at 51.38 on Friday. The stock has a 50 day moving average of $52.04 and a 200-day moving average of $38.92. The stock has a market capitalization of $1.20 billion, a P/E ratio of 60.52 and a beta of 1.29. AeroVironment has a one year low of $23.30 and a one year high of $55.75.

In other news, Chairman Timothy E. Conver sold 2,000 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $53.91, for a total value of $107,820.00. Following the completion of the transaction, the chairman now directly owns 58,138 shares in the company, valued at $3,134,219.58. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Timothy E. Conver sold 7,600 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $39.04, for a total value of $296,704.00. Following the completion of the transaction, the chairman now owns 58,138 shares of the company’s stock, valued at $2,269,707.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,600 shares of company stock valued at $2,260,596. 11.00% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Sei Investments Co. grew its holdings in AeroVironment by 1.8% during the second quarter. Sei Investments Co. now owns 3,450 shares of the aerospace company’s stock worth $132,000 after acquiring an additional 61 shares during the period. Mason Street Advisors LLC grew its holdings in AeroVironment by 7.0% during the first quarter. Mason Street Advisors LLC now owns 4,813 shares of the aerospace company’s stock worth $135,000 after acquiring an additional 316 shares during the period. PNC Financial Services Group Inc. grew its holdings in AeroVironment by 0.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,860 shares of the aerospace company’s stock worth $136,000 after acquiring an additional 38 shares during the period. State of Alaska Department of Revenue grew its holdings in AeroVironment by 78.6% during the second quarter. State of Alaska Department of Revenue now owns 4,073 shares of the aerospace company’s stock worth $155,000 after acquiring an additional 1,793 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its holdings in AeroVironment by 3.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 4,850 shares of the aerospace company’s stock worth $185,000 after acquiring an additional 150 shares during the period. 77.62% of the stock is currently owned by hedge funds and other institutional investors.

About AeroVironment

AeroVironment, Inc designs, develops, produces, supports and operates a portfolio of products and services for government agencies, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems.

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Earnings History and Estimates for AeroVironment (NASDAQ:AVAV)

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