Analysts forecast that AeroVironment, Inc. (NASDAQ:AVAV) will post $66.72 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for AeroVironment’s earnings. The lowest sales estimate is $56.90 million and the highest is $83.80 million. AeroVironment reported sales of $53.16 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 25.5%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, March 6th.

On average, analysts expect that AeroVironment will report full year sales of $66.72 million for the current financial year, with estimates ranging from $290.00 million to $293.17 million. For the next fiscal year, analysts forecast that the company will post sales of $321.99 million per share, with estimates ranging from $316.76 million to $327.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover AeroVironment.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data on Tuesday, December 5th. The aerospace company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.30. The company had revenue of $73.83 million for the quarter, compared to analyst estimates of $63.53 million. AeroVironment had a net margin of 7.22% and a return on equity of 5.40%. The business’s quarterly revenue was up 47.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.18) earnings per share.

A number of equities research analysts recently weighed in on AVAV shares. Robert W. Baird restated a “hold” rating and set a $35.00 price objective on shares of AeroVironment in a research note on Monday, August 28th. ValuEngine cut shares of AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Canaccord Genuity boosted their price objective on AeroVironment from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, August 30th. Zacks Investment Research downgraded AeroVironment from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, Piper Jaffray Companies restated a “neutral” rating and set a $36.00 price objective on shares of AeroVironment in a report on Thursday, August 31st. Seven research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $39.00.

Shares of AeroVironment (NASDAQ:AVAV) opened at $43.25 on Wednesday. The stock has a market cap of $1,048.97, a price-to-earnings ratio of 52.38, a P/E/G ratio of 4.79 and a beta of 1.16. AeroVironment has a 12 month low of $24.70 and a 12 month high of $55.75.

In related news, Chairman Timothy E. Conver sold 7,600 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $51.47, for a total value of $391,172.00. Following the transaction, the chairman now owns 58,138 shares in the company, valued at $2,992,362.86. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Timothy E. Conver sold 3,800 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $44.14, for a total value of $167,732.00. Following the completion of the transaction, the chairman now owns 58,138 shares in the company, valued at approximately $2,566,211.32. The disclosure for this sale can be found here. Insiders sold 43,800 shares of company stock worth $2,179,960 over the last quarter. Company insiders own 11.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. grew its stake in AeroVironment by 30.0% in the second quarter. Alliancebernstein L.P. now owns 24,671 shares of the aerospace company’s stock valued at $942,000 after purchasing an additional 5,700 shares in the last quarter. Fisher Asset Management LLC bought a new position in shares of AeroVironment during the 3rd quarter worth approximately $1,904,000. Citigroup Inc. boosted its stake in shares of AeroVironment by 28.9% during the 2nd quarter. Citigroup Inc. now owns 25,980 shares of the aerospace company’s stock worth $992,000 after acquiring an additional 5,832 shares during the period. First Manhattan Co. acquired a new stake in AeroVironment during the 3rd quarter worth approximately $270,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in AeroVironment by 138.0% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 41,118 shares of the aerospace company’s stock worth $2,225,000 after purchasing an additional 23,845 shares during the last quarter. 74.65% of the stock is currently owned by institutional investors and hedge funds.

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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.

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Earnings History and Estimates for AeroVironment (NASDAQ:AVAV)

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