AeroVironment (NASDAQ:AVAV) posted its earnings results on Tuesday. The aerospace company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.30, Briefing.com reports. AeroVironment had a net margin of 7.22% and a return on equity of 5.40%. The firm had revenue of $73.83 million during the quarter, compared to the consensus estimate of $63.53 million. During the same quarter last year, the firm earned ($0.18) EPS. The firm’s revenue for the quarter was up 47.3% on a year-over-year basis. AeroVironment updated its FY18 guidance to $0.45-0.65 EPS.

Shares of AeroVironment (NASDAQ:AVAV) opened at $43.25 on Wednesday. The stock has a market cap of $1,048.97, a price-to-earnings ratio of 52.38, a PEG ratio of 4.79 and a beta of 1.16. AeroVironment has a 1 year low of $24.70 and a 1 year high of $55.75.

Several equities analysts have commented on AVAV shares. Canaccord Genuity raised their price target on shares of AeroVironment from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, August 30th. Jefferies Group raised their price target on shares of AeroVironment from $29.00 to $37.00 and gave the company a “hold” rating in a research report on Wednesday, August 30th. Robert W. Baird reissued a “hold” rating and issued a $35.00 price target on shares of AeroVironment in a research report on Monday, August 28th. BidaskClub cut shares of AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, ValuEngine cut shares of AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Seven research analysts have rated the stock with a hold rating, AeroVironment presently has an average rating of “Hold” and a consensus target price of $39.00.

In other news, Chairman Timothy E. Conver sold 3,800 shares of AeroVironment stock in a transaction on 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 of the company’s stock, valued at approximately $2,566,211.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Timothy E. Conver sold 7,600 shares of AeroVironment stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $51.47, for a total transaction of $391,172.00. Following the sale, the chairman now directly owns 58,138 shares of the company’s stock, valued at $2,992,362.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,800 shares of company stock valued at $2,179,960. Corporate insiders own 11.00% of the company’s stock.

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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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