AeroVironment (NASDAQ:AVAV) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.45-0.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.61. The company issued revenue guidance of $280-300 million, compared to the consensus revenue estimate of $294.27 million.

Shares of AeroVironment (NASDAQ:AVAV) traded down $0.72 during midday trading on Tuesday, reaching $44.00. The company’s stock had a trading volume of 419,400 shares, compared to its average volume of 237,462. The company has a market cap of $1,066.14, a price-to-earnings ratio of 53.24, a P/E/G ratio of 4.87 and a beta of 1.16. AeroVironment has a 52-week low of $24.70 and a 52-week high of $55.75.

AVAV has been the subject of a number of research reports. Canaccord Genuity increased their price target on AeroVironment from $35.00 to $40.00 and gave the company a hold rating in a research note on Wednesday, August 30th. Jefferies Group increased their price target on AeroVironment from $29.00 to $37.00 and gave the company a hold rating in a research note on Wednesday, August 30th. Robert W. Baird reaffirmed a hold rating and set a $35.00 price target on shares of AeroVironment in a research note on Monday, August 28th. BidaskClub lowered AeroVironment from a buy rating to a hold rating in a research note on Wednesday, August 16th. Finally, ValuEngine lowered AeroVironment from a buy rating to a hold rating in a research note on Wednesday, November 15th. Seven analysts have rated the stock with a hold rating, AeroVironment has a consensus rating of Hold and an average price target of $39.00.

In other news, Chairman Timothy E. Conver sold 7,600 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $51.47, for a total transaction of $391,172.00. Following the completion of the sale, the chairman now directly owns 58,138 shares of the company’s stock, valued at approximately $2,992,362.86. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Timothy E. Conver sold 2,000 shares of the firm’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $53.91, for a total value of $107,820.00. Following the sale, the chairman now directly owns 58,138 shares of the company’s stock, valued at $3,134,219.58. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,800 shares of company stock valued at $2,179,960. Corporate insiders own 11.00% of the company’s stock.

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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.

Earnings History and Estimates for AeroVironment (NASDAQ:AVAV)

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