AeroVironment (AVAV) Earning Somewhat Favorable Media Coverage, Study Finds
News articles about AeroVironment (NASDAQ:AVAV) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. AeroVironment earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the aerospace company an impact score of 47.5359273520879 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Analyst Recommendations on AeroVironment, Inc. (NASDAQ:AVAV) – Highlight Press (highlightpress.com)
- AeroVironment Inc (AVAV) CMF Showing Bullish Signs – Berry Recorder (berryrecorder.com)
- Mid-Day Market Update: AeroVironment Jumps After Strong Q1 Results; Otonomy Shares Plummet – Nasdaq (nasdaq.com)
- Deutsche Bank Sets Lofty Price Target for OLED Stock – Schaeffers Research (blog) (schaeffersresearch.com)
- AeroVironment, Inc. (NASDAQ:AVAV) Sees Significantly Higher Trading Volume – Highlight Press (highlightpress.com)
AeroVironment (NASDAQ:AVAV) opened at 46.52 on Thursday. The stock has a market capitalization of $1.08 billion, a P/E ratio of 86.15 and a beta of 1.31. The firm’s 50-day moving average is $38.28 and its 200 day moving average is $31.67. AeroVironment has a 12 month low of $22.16 and a 12 month high of $47.03.
AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Tuesday, August 29th. The aerospace company reported ($0.19) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.34) by $0.15. AeroVironment had a return on equity of 3.49% and a net margin of 4.71%. The business had revenue of $43.80 million during the quarter, compared to analysts’ expectations of $42.44 million. During the same period in the previous year, the business posted ($0.51) earnings per share. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, equities analysts anticipate that AeroVironment will post $0.56 earnings per share for the current year.
Several equities research analysts recently commented on the stock. Canaccord Genuity lifted their price target on shares of AeroVironment from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday. Jefferies Group LLC lifted their price target on shares of AeroVironment to $37.00 and gave the stock a “hold” rating in a research note on Wednesday. Robert W. Baird reiterated a “hold” rating and set a $35.00 price target on shares of AeroVironment in a research note on Monday. BidaskClub lowered shares of AeroVironment from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Piper Jaffray Companies lowered shares of AeroVironment from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $30.00 to $35.00 in a research note on Monday, July 3rd. Eight analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $37.80.
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In related news, Chairman Timothy E. Conver sold 4,000 shares of AeroVironment stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $30.99, for a total value of $123,960.00. Following the completion of the transaction, the chairman now directly owns 66,621 shares of the company’s stock, valued at $2,064,584.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Timothy E. Conver sold 7,600 shares of AeroVironment stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $39.04, for a total value of $296,704.00. Following the completion of the transaction, the chairman now directly owns 58,138 shares of the company’s stock, valued at $2,269,707.52. The disclosure for this sale can be found here. Insiders sold 79,497 shares of company stock valued at $3,034,461 over the last ninety days. 11.00% of the stock is currently owned by company insiders.
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.
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