AeroVironment (NASDAQ:AVAV) posted its quarterly earnings data on Tuesday. The aerospace company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.30, Briefing.com reports. AeroVironment had a net margin of 10.42% and a return on equity of 8.34%. The company had revenue of $73.83 million for the quarter, compared to the consensus estimate of $63.53 million. During the same quarter in the previous year, the firm posted ($0.18) EPS. The business’s revenue was up 47.3% compared to the same quarter last year. AeroVironment updated its FY18 guidance to $0.45-0.65 EPS.

Shares of AeroVironment (NASDAQ AVAV) opened at $54.47 on Thursday. The firm has a market cap of $1,031.09, a PE ratio of 33.01, a P/E/G ratio of 4.71 and a beta of 1.16. AeroVironment has a 52 week low of $24.70 and a 52 week high of $58.23.

Several research firms have recently issued reports on AVAV. Canaccord Genuity boosted their price objective on shares of AeroVironment from $40.00 to $48.00 and gave the stock a “hold” rating in a report on Wednesday, October 4th. Robert W. Baird restated a “hold” rating and set a $35.00 price objective on shares of AeroVironment in a report on Tuesday, October 24th. Zacks Investment Research downgraded shares of AeroVironment from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 1st. Piper Jaffray Companies reissued a “neutral” rating and issued a $36.00 target price on shares of AeroVironment in a research note on Thursday, August 31st. Finally, ValuEngine cut shares of AeroVironment from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Seven analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus price target of $39.00.

In related news, Chairman Timothy E. Conver sold 7,600 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $44.85, for a total value of $340,860.00. Following the sale, the chairman now owns 58,138 shares of the company’s stock, valued at $2,607,489.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Timothy E. Conver sold 3,800 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $44.14, for a total transaction of $167,732.00. Following the completion of the sale, the chairman now directly owns 58,138 shares in the company, valued at approximately $2,566,211.32. The disclosure for this sale can be found here. In the last three months, insiders sold 43,800 shares of company stock worth $2,179,960. 11.00% of the stock is currently owned by insiders.

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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.

Earnings History for AeroVironment (NASDAQ:AVAV)

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