AeroVironment (NASDAQ:AVAV) Announces Earnings Results, Beats Expectations By $0.37 EPS

AeroVironment (NASDAQ:AVAVGet Free Report) released its quarterly earnings results on Monday. The aerospace company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.37, FiscalAI reports. AeroVironment had a negative net margin of 13.93% and a positive return on equity of 3.28%. The company had revenue of $641.62 million for the quarter, compared to the consensus estimate of $555.97 million.

AeroVironment Trading Up 0.8%

AeroVironment stock traded up $1.05 during mid-day trading on Monday, hitting $139.00. The company’s stock had a trading volume of 1,970,368 shares, compared to its average volume of 1,579,180. The company has a 50 day moving average of $177.91 and a 200-day moving average of $226.20. The stock has a market cap of $6.94 billion, a PE ratio of -32.03, a P/E/G ratio of 1.89 and a beta of 1.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.54 and a current ratio of 5.51. AeroVironment has a one year low of $135.20 and a one year high of $417.86.

AeroVironment News Summary

Here are the key news stories impacting AeroVironment this week:

  • Positive Sentiment: AeroVironment reported quarterly EPS of $1.84, topping the $1.47 consensus estimate by a wide margin, which signals better-than-expected profitability. Article Title
  • Positive Sentiment: Revenue came in at $641.62 million versus expectations of $555.97 million, suggesting demand remained stronger than analysts anticipated. Article Title
  • Neutral Sentiment: Investor attention has been focused on AeroVironment’s record backlog and the broader long-term drone growth story, which could help offset recent skepticism around the stock. Article Title
  • Negative Sentiment: The company is facing multiple class-action lawsuit notices and lead-plaintiff deadline reminders, which adds legal overhang and may weigh on sentiment. Article Title

Wall Street Analyst Weigh In

Several research analysts have commented on AVAV shares. Royal Bank Of Canada dropped their price objective on shares of AeroVironment from $325.00 to $250.00 and set an “outperform” rating for the company in a research note on Wednesday, March 11th. Robert W. Baird lowered their target price on shares of AeroVironment from $260.00 to $235.00 and set an “outperform” rating for the company in a report on Wednesday, March 11th. Raymond James Financial raised shares of AeroVironment from an “underperform” rating to a “market perform” rating in a research note on Monday, March 23rd. Clear Str upgraded shares of AeroVironment to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, Zacks Research raised shares of AeroVironment from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $305.33.

Check Out Our Latest Analysis on AeroVironment

Insider Buying and Selling at AeroVironment

In other news, Director Stephen F. Page sold 250 shares of AeroVironment stock in a transaction on Monday, June 15th. The stock was sold at an average price of $174.41, for a total transaction of $43,602.50. Following the completion of the sale, the director directly owned 49,001 shares in the company, valued at approximately $8,546,264.41. This trade represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 750 shares of company stock worth $133,502 in the last ninety days. 0.81% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Schnieders Capital Management LLC. bought a new position in AeroVironment in the 2nd quarter worth about $285,000. NewEdge Advisors LLC raised its stake in shares of AeroVironment by 400.0% during the third quarter. NewEdge Advisors LLC now owns 300 shares of the aerospace company’s stock valued at $94,000 after acquiring an additional 240 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in shares of AeroVironment by 30.4% during the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 300 shares of the aerospace company’s stock valued at $94,000 after acquiring an additional 70 shares in the last quarter. Wexford Capital LP purchased a new stake in shares of AeroVironment in the third quarter valued at approximately $82,000. Finally, UMB Bank n.a. boosted its holdings in shares of AeroVironment by 57.4% in the fourth quarter. UMB Bank n.a. now owns 340 shares of the aerospace company’s stock valued at $82,000 after purchasing an additional 124 shares during the period. 86.38% of the stock is currently owned by institutional investors.

AeroVironment Company Profile

(Get Free Report)

AeroVironment, Inc (NASDAQ:AVAV) is a technology company specializing in unmanned aerial systems (UAS), tactical missiles and precision loitering munitions, electric vehicle charging and scalable energy systems. Headquartered in Monrovia, California, the company develops solutions for defense, public safety and commercial markets. Their offerings include small UAS for intelligence, surveillance and reconnaissance, as well as advanced weapons systems designed to meet the needs of modern military operations.

The company’s unmanned aerial systems portfolio features platforms such as the Raven, Puma and Switchblade series, which are deployed by the U.S.

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Earnings History for AeroVironment (NASDAQ:AVAV)

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