Brokerages forecast that AeroVironment, Inc. (NASDAQ:AVAV) will announce earnings of ($0.07) per share for the current quarter, according to Zacks. Three analysts have issued estimates for AeroVironment’s earnings. The lowest EPS estimate is ($0.16) and the highest is $0.01. AeroVironment posted earnings per share of ($0.18) during the same quarter last year, which suggests a positive year over year growth rate of 61.1%. The business is expected to report its next quarterly earnings report on Tuesday, December 5th.

According to Zacks, analysts expect that AeroVironment will report full year earnings of $0.61 per share for the current financial year, with EPS estimates ranging from $0.55 to $0.76. For the next year, analysts expect that the company will post earnings of $0.79 per share, with EPS estimates ranging from $0.70 to $0.90. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow AeroVironment.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings results on Tuesday, August 29th. The aerospace company reported ($0.19) EPS for the quarter, beating the 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 during the quarter, compared to analyst estimates of $42.44 million. During the same quarter in the previous year, the business posted ($0.51) EPS. The company’s quarterly revenue was up 21.0% compared to the same quarter last year.

AVAV has been the subject of several recent analyst reports. ValuEngine lowered shares of AeroVironment from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research lowered shares of AeroVironment from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Robert W. Baird reiterated a “hold” rating and set a $35.00 price objective on shares of AeroVironment in a research note on Tuesday, October 24th. Canaccord Genuity boosted their price objective on shares of AeroVironment from $40.00 to $48.00 and gave the stock a “hold” rating in a research note on Wednesday, October 4th. Finally, Piper Jaffray Companies reiterated a “neutral” rating and set a $36.00 price objective on shares of AeroVironment in a research note on Thursday, August 31st. Seven analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $39.00.

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In other news, Chairman Timothy E. Conver sold 7,600 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $49.14, for a total value of $373,464.00. Following the sale, the chairman now directly owns 58,138 shares of the company’s stock, valued at approximately $2,856,901.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Timothy E. Conver sold 3,800 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $44.14, for a total transaction of $167,732.00. Following the completion of the sale, the chairman now directly owns 58,138 shares in the company, valued at $2,566,211.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,800 shares of company stock worth $2,135,804. 11.00% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. boosted its holdings in shares of AeroVironment by 1.8% in the 2nd quarter. Sei Investments Co. now owns 3,450 shares of the aerospace company’s stock valued at $132,000 after acquiring an additional 61 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of AeroVironment by 78.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,073 shares of the aerospace company’s stock valued at $155,000 after acquiring an additional 1,793 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of AeroVironment in the 3rd quarter valued at $250,000. Municipal Employees Retirement System of Michigan boosted its holdings in shares of AeroVironment by 3.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,850 shares of the aerospace company’s stock valued at $185,000 after acquiring an additional 150 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of AeroVironment by 0.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,860 shares of the aerospace company’s stock valued at $136,000 after acquiring an additional 38 shares during the last quarter. 76.99% of the stock is currently owned by institutional investors and hedge funds.

AeroVironment (AVAV) traded down $0.53 during trading hours on Wednesday, hitting $42.99. 240,700 shares of the stock traded hands, compared to its average volume of 237,495. AeroVironment has a twelve month low of $24.70 and a twelve month high of $55.75. The company has a market cap of $1,037.53, a price-to-earnings ratio of 51.81, a P/E/G ratio of 4.74 and a beta of 1.24.

AeroVironment Company Profile

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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