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.

In related news, Chairman Timothy E. Conver sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $53.91, for a total transaction of $107,820.00. Following 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Timothy E. Conver sold 7,600 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $49.14, for a total value of $373,464.00. Following the transaction, the chairman now owns 58,138 shares in the company, valued at $2,856,901.32. The disclosure for this sale can be found here. Insiders have sold 43,800 shares of company stock worth $2,179,960 over the last 90 days. Corporate insiders own 11.00% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first posted by American Banking News and is the property of of American Banking News. If you are reading this report on another domain, it was stolen and republished in violation of international copyright law. The original version of this report can be read at https://www.americanbankingnews.com/2017/12/06/aerovironment-avav-posts-earnings-results-beats-estimates-by-0-30-eps.html.

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.

Earnings History for AeroVironment (NASDAQ:AVAV)

Receive News & Ratings for AeroVironment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AeroVironment Inc. and related companies with MarketBeat.com's FREE daily email newsletter.