AEVEX (NYSE:AVEX) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

AEVEX (NYSE:AVEXGet Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01, Zacks reports.

AEVEX Price Performance

AVEX stock traded up $0.38 during midday trading on Wednesday, reaching $22.53. The company had a trading volume of 2,658,279 shares, compared to its average volume of 2,468,598. The company’s 50-day moving average is $18.53. The company has a market cap of $2.57 billion and a P/E ratio of 90.12. AEVEX has a 1 year low of $13.07 and a 1 year high of $42.34. The company has a quick ratio of 2.63, a current ratio of 2.69 and a debt-to-equity ratio of 1.15.

Insider Transactions at AEVEX

In related news, major shareholder Madison Dearborn Partners Llc sold 2,273,843 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $25.99, for a total value of $59,097,179.57. Following the completion of the transaction, the insider directly owned 22,861,457 shares in the company, valued at approximately $594,169,267.43. The trade was a 9.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Ratings Changes

Several analysts have issued reports on the company. Bank of America assumed coverage on AEVEX in a research note on Tuesday, May 12th. They issued a “buy” rating and a $34.00 target price on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $33.00 target price on shares of AEVEX in a research note on Monday, May 25th. William Blair began coverage on shares of AEVEX in a research note on Tuesday, May 12th. They issued an “outperform” rating for the company. Raymond James Financial began coverage on AEVEX in a research report on Tuesday, May 12th. They set an “outperform” rating and a $35.00 target price on the stock. Finally, Robert W. Baird started coverage on AEVEX in a report on Tuesday, May 12th. They issued an “outperform” rating and a $38.00 price target for the company. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.62.

View Our Latest Stock Analysis on AEVEX

AEVEX Company Profile

(Get Free Report)

AEVEX Corp. is a holding company which designs, manufactures and provides autonomous systems and navigation technologies. The company’s operating segment includes tactical systems and global solutions. AEVEX Corp. is based in Solana Beach, California.

Further Reading

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