AeroVironment, Inc. (NASDAQ:AVAV) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.45-0.65 for the period, compared to the Thomson Reuters consensus estimate of $0.56. The company issued revenue guidance of $280-300 million, compared to the consensus revenue estimate of $293.37 million.

AeroVironment, Inc. (AVAV) opened at 39.35 on Wednesday. AeroVironment, Inc. has a 1-year low of $22.16 and a 1-year high of $40.10. The stock has a market cap of $915.56 million, a P/E ratio of 72.87 and a beta of 1.31. The company’s 50-day moving average price is $38.28 and its 200-day moving average price is $31.67.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Tuesday, August 29th. The aerospace company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.15. The firm had revenue of $43.80 million during the quarter, compared to analysts’ expectations of $42.44 million. AeroVironment had a net margin of 4.71% and a return on equity of 3.49%. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.51) earnings per share. Analysts predict that AeroVironment, Inc. will post $0.56 EPS for the current year.

A number of brokerages have commented on AVAV. Jefferies Group LLC raised their price target on shares of AeroVironment to $37.00 and gave the stock a hold rating in a research note on Wednesday. TheStreet upgraded shares of AeroVironment from a c- rating to a b rating in a research note on Tuesday, June 27th. Zacks Investment Research upgraded shares of AeroVironment from a hold rating to a strong-buy rating and set a $42.00 target price for the company in a research note on Friday, June 30th. Robert W. Baird reiterated a hold rating and issued a $35.00 target price on shares of AeroVironment in a research note on Monday. Finally, Canaccord Genuity reiterated a hold rating and issued a $35.00 target price on shares of AeroVironment in a research note on Thursday, August 10th. Eight investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $36.80.

In other news, VP Kenneth D. Karklin sold 735 shares of AeroVironment stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $39.57, for a total value of $29,083.95. Following the completion of the transaction, the vice president now owns 9,437 shares in the company, valued at $373,422.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Timothy E. Conver sold 4,000 shares of AeroVironment stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $30.99, for a total transaction of $123,960.00. Following the completion of the transaction, the chairman now owns 66,621 shares of the company’s stock, valued at approximately $2,064,584.79. The disclosure for this sale can be found here. Insiders sold 79,497 shares of company stock valued at $3,034,461 in the last quarter. 11.00% of the stock is currently owned by corporate insiders.

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About AeroVironment

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 and Estimates for AeroVironment (NASDAQ:AVAV)

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