Equities research analysts expect AeroVironment, Inc. (NASDAQ:AVAV) to announce sales of $63.77 million for the current quarter, Zacks reports. Three analysts have provided estimates for AeroVironment’s earnings, with the lowest sales estimate coming in at $53.50 million and the highest estimate coming in at $83.80 million. AeroVironment reported sales of $53.16 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 20%. The firm is scheduled to announce its next earnings results on Tuesday, March 6th.
According to Zacks, analysts expect that AeroVironment will report full year sales of $63.77 million for the current fiscal year, with estimates ranging from $290.00 million to $303.40 million. For the next financial year, analysts anticipate that the business will report sales of $336.11 million per share, with estimates ranging from $317.53 million to $347.80 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for AeroVironment.
AeroVironment (NASDAQ:AVAV) last released its quarterly earnings data on Tuesday, December 5th. The aerospace company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.30. AeroVironment had a return on equity of 8.23% and a net margin of 10.42%. The firm had revenue of $73.83 million for the quarter, compared to analysts’ expectations of $63.53 million. During the same period in the prior year, the firm posted ($0.18) earnings per share. The firm’s quarterly revenue was up 47.3% on a year-over-year basis.
In other news, Chairman Timothy E. Conver sold 3,800 shares of the company’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $56.90, for a total transaction of $216,220.00. Following the sale, the chairman now owns 58,138 shares of the company’s stock, valued at $3,308,052.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Timothy E. Conver sold 7,600 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $44.85, for a total value of $340,860.00. Following the sale, the chairman now directly owns 58,138 shares in the company, valued at approximately $2,607,489.30. The disclosure for this sale can be found here. In the last three months, insiders sold 41,800 shares of company stock worth $2,221,100. 11.00% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of AVAV. Janus Henderson Group PLC purchased a new stake in shares of AeroVironment during the second quarter worth $39,724,000. Global X Management Co. LLC increased its position in shares of AeroVironment by 122.8% during the fourth quarter. Global X Management Co. LLC now owns 254,301 shares of the aerospace company’s stock worth $14,282,000 after acquiring an additional 140,178 shares during the period. American Capital Management Inc. increased its position in shares of AeroVironment by 9.7% during the fourth quarter. American Capital Management Inc. now owns 1,441,771 shares of the aerospace company’s stock worth $80,970,000 after acquiring an additional 127,619 shares during the period. Robeco Institutional Asset Management B.V. purchased a new stake in shares of AeroVironment during the fourth quarter worth $7,137,000. Finally, BlackRock Inc. increased its position in shares of AeroVironment by 3.6% during the second quarter. BlackRock Inc. now owns 3,333,627 shares of the aerospace company’s stock worth $127,344,000 after acquiring an additional 116,654 shares during the period. 75.04% of the stock is currently owned by institutional investors and hedge funds.
Shares of AeroVironment (NASDAQ:AVAV) opened at $47.98 on Monday. The stock has a market capitalization of $1,150.00, a P/E ratio of 37.78, a price-to-earnings-growth ratio of 4.55 and a beta of 1.06. AeroVironment has a 12-month low of $25.66 and a 12-month high of $58.99.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AeroVironment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AeroVironment and related companies with MarketBeat.com's FREE daily email newsletter.