AEVEX (NYSE:AVEX) Announces Quarterly Earnings Results

AEVEX (NYSE:AVEX) issued its earnings results on Wednesday. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.21, Zacks reports.

AEVEX Stock Up 5.4%

Shares of AEVEX stock traded up $0.63 during trading on Wednesday, reaching $12.23. The company’s stock had a trading volume of 2,107,532 shares, compared to its average volume of 2,180,402. AEVEX has a 1-year low of $8.95 and a 1-year high of $42.34. The company has a 50-day simple moving average of $14.23 and a two-hundred day simple moving average of $19.40. The company has a quick ratio of 5.50, a current ratio of 5.66 and a debt-to-equity ratio of 1.15. The company has a market cap of $1.39 billion and a price-to-earnings ratio of 38.22.

Analysts Set New Price Targets

AVEX has been the topic of a number of recent research reports. UBS Group set a $13.00 price objective on AEVEX in a research report on Thursday, October 22nd. Needham & Company LLC restated a “buy” rating and issued a $45.00 price target on shares of AEVEX in a report on Thursday, August 13th. Oppenheimer initiated coverage on shares of AEVEX in a research report on Thursday, October 22nd. They issued an “outperform” rating and a $21.00 price objective on the stock. Weiss Ratings initiated coverage on shares of AEVEX in a research note on Friday, August 14th. They set a “sell (d)” rating for the company. Finally, Piper Sandler reduced their price objective on shares of AEVEX from $20.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, October 22nd. Eleven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $28.73.

AEVEX Company Profile

AEVEX Corporation (NYSE: AVEX) provides defense and intelligence customers with unmanned aircraft systems and related mission solutions. Its work includes designing, building and integrating aircraft, sensors and other mission equipment for operational use. The company also offers engineering, training and operational support services. These capabilities help customers plan and conduct missions that rely on aerial surveillance, reconnaissance and other specialized aviation functions. AEVEX serves government and defense customers, including U.S. and allied users.