Analysts expect AeroVironment, Inc. (NASDAQ:AVAV) to report $82.32 million in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for AeroVironment’s earnings, with the highest sales estimate coming in at $93.60 million and the lowest estimate coming in at $76.30 million. AeroVironment reported sales of $117.38 million during the same quarter last year, which indicates a negative year-over-year growth rate of 29.9%. The business is expected to announce its next quarterly earnings results on Tuesday, June 25th.

According to Zacks, analysts expect that AeroVironment will report full year sales of $308.61 million for the current year, with estimates ranging from $303.73 million to $320.00 million. For the next financial year, analysts expect that the business will report sales of $368.89 million, with estimates ranging from $352.23 million to $410.00 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for AeroVironment.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings data on Tuesday, March 5th. The aerospace company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.21. AeroVironment had a return on equity of 11.40% and a net margin of 17.48%.

AVAV has been the subject of several recent research reports. Zacks Investment Research raised AeroVironment from a “hold” rating to a “strong-buy” rating and set a $88.00 price target for the company in a research report on Monday, December 3rd. TheStreet downgraded AeroVironment from an “a-” rating to a “c+” rating in a research report on Monday, March 11th. BidaskClub downgraded AeroVironment from a “buy” rating to a “hold” rating in a research report on Saturday, March 16th. Drexel Hamilton reissued a “hold” rating on shares of AeroVironment in a research report on Friday, November 30th. Finally, ValuEngine raised AeroVironment from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $77.60.

In other news, Chairman Timothy E. Conver sold 10,350 shares of the firm’s stock in a transaction on Wednesday, January 23rd. The stock was sold at an average price of $73.18, for a total transaction of $757,413.00. Following the sale, the chairman now owns 55,659 shares in the company, valued at $4,073,125.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Timothy E. Conver sold 20,688 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $71.32, for a total value of $1,475,468.16. Following the sale, the chairman now owns 55,659 shares in the company, valued at approximately $3,969,599.88. The disclosure for this sale can be found here. Insiders have sold 113,826 shares of company stock valued at $8,722,372 in the last three months. 11.70% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of AeroVironment by 4.4% during the fourth quarter. BlackRock Inc. now owns 3,852,473 shares of the aerospace company’s stock worth $261,777,000 after purchasing an additional 164,034 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of AeroVironment by 25.9% during the third quarter. Vanguard Group Inc now owns 2,628,986 shares of the aerospace company’s stock worth $294,894,000 after purchasing an additional 540,901 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of AeroVironment by 25.9% during the third quarter. Vanguard Group Inc. now owns 2,628,986 shares of the aerospace company’s stock worth $294,894,000 after purchasing an additional 540,901 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in shares of AeroVironment by 5.6% during the third quarter. Baillie Gifford & Co. now owns 807,478 shares of the aerospace company’s stock worth $90,575,000 after purchasing an additional 42,890 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of AeroVironment by 3,574.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 614,301 shares of the aerospace company’s stock worth $68,903,000 after purchasing an additional 597,581 shares during the last quarter. Institutional investors and hedge funds own 85.55% of the company’s stock.

AeroVironment stock traded down $0.61 during mid-day trading on Friday, hitting $66.89. 259,053 shares of the company were exchanged, compared to its average volume of 295,004. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 61.94, a PEG ratio of 1.86 and a beta of 1.36. AeroVironment has a 12-month low of $44.26 and a 12-month high of $121.32.

AeroVironment Company Profile

AeroVironment, Inc designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company offers unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S. Department of Defense and to international allied governments; and tactical missile systems and related services to organizations within the U.S.

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Earnings History and Estimates for AeroVironment (NASDAQ:AVAV)

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