AeroVironment (AVAV) Issues Quarterly Earnings Results, Beats Expectations By $0.30 EPS
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.
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.
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