AeroVironment (AVAV) Posts Earnings Results, Beats Estimates By $0.30 EPS
AeroVironment (NASDAQ:AVAV) posted its quarterly earnings data on Tuesday. The aerospace company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.30, Briefing.com reports. The business had revenue of $73.83 million for the quarter, compared to analyst estimates of $63.53 million. AeroVironment had a return on equity of 5.40% and a net margin of 7.22%. The firm’s revenue for the quarter was up 47.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.18) earnings per share. AeroVironment updated its FY18 guidance to $0.45-0.65 EPS.
AeroVironment (NASDAQ AVAV) opened at $43.25 on Wednesday. AeroVironment has a 12 month low of $24.70 and a 12 month high of $55.75. The stock has a market capitalization of $1,048.97, a PE ratio of 52.38, a P/E/G ratio of 4.79 and a beta of 1.16.
A number of research firms have recently commented on AVAV. Canaccord Genuity reiterated a “hold” rating and issued a $35.00 price objective on shares of AeroVironment in a research note on Thursday, August 10th. BidaskClub lowered AeroVironment from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Robert W. Baird reiterated a “hold” rating and issued a $35.00 price objective on shares of AeroVironment in a research note on Tuesday, October 24th. ValuEngine lowered AeroVironment from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Piper Jaffray Companies reiterated a “neutral” rating and issued a $36.00 price objective on shares of AeroVironment in a research note on Thursday, August 31st. Seven equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of $39.00.
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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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