Wall Street brokerages expect AeroVironment, Inc. (NASDAQ:AVAV) to post $63.77 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for AeroVironment’s earnings, with the highest sales estimate coming in at $83.80 million and the lowest estimate coming in at $53.50 million. AeroVironment reported sales of $53.16 million in the same quarter last year, which indicates a positive year-over-year growth rate of 20%. The business is expected to report its next quarterly earnings report on Tuesday, March 6th.

According to Zacks, analysts expect that AeroVironment will report full-year sales of $63.77 million for the current year, with estimates ranging from $290.00 million to $303.40 million. For the next fiscal year, analysts anticipate that the business will report sales of $336.11 million per share, with estimates ranging from $317.53 million to $347.80 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow AeroVironment.

AeroVironment (NASDAQ:AVAV) last posted its earnings results on Tuesday, December 5th. The aerospace company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.30. AeroVironment had a return on equity of 8.23% and a net margin of 10.42%. The business had revenue of $73.83 million during the quarter, compared to analysts’ expectations of $63.53 million. During the same period in the previous year, the business earned ($0.18) earnings per share. The firm’s revenue was up 47.3% on a year-over-year basis.

Several research firms recently commented on AVAV. BidaskClub cut AeroVironment from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 27th. Zacks Investment Research upgraded AeroVironment from a “hold” rating to a “strong-buy” rating and set a $64.00 target price for the company in a research report on Friday, December 8th. Canaccord Genuity boosted their target price on AeroVironment from $40.00 to $48.00 and gave the stock a “hold” rating in a research report on Wednesday, October 4th. TheStreet raised AeroVironment from a “c+” rating to a “b” rating in a research note on Friday, December 8th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $35.00 price target on shares of AeroVironment in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $44.40.

In other AeroVironment news, Chairman Timothy E. Conver sold 3,800 shares of AeroVironment stock in a transaction dated Wednesday, November 8th. The stock was 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 owns 58,138 shares of the company’s stock, valued at $2,566,211.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Timothy E. Conver sold 7,600 shares of AeroVironment stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $44.85, for a total value of $340,860.00. Following the sale, the chairman now directly owns 58,138 shares of the company’s stock, valued at approximately $2,607,489.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,600 shares of company stock valued at $2,388,832. Corporate insiders own 11.00% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Schwab Charles Investment Management Inc. lifted its stake in shares of AeroVironment by 7.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 98,396 shares of the aerospace company’s stock valued at $3,759,000 after acquiring an additional 7,063 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of AeroVironment by 9.0% in the 2nd quarter. Legal & General Group Plc now owns 37,785 shares of the aerospace company’s stock valued at $1,442,000 after acquiring an additional 3,112 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of AeroVironment by 0.4% in the 2nd quarter. Principal Financial Group Inc. now owns 156,993 shares of the aerospace company’s stock valued at $5,997,000 after acquiring an additional 559 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of AeroVironment by 13.3% in the 2nd quarter. Wells Fargo & Company MN now owns 23,036 shares of the aerospace company’s stock valued at $880,000 after acquiring an additional 2,711 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of AeroVironment by 30.0% in the 2nd quarter. Alliancebernstein L.P. now owns 24,671 shares of the aerospace company’s stock valued at $942,000 after acquiring an additional 5,700 shares during the last quarter. 74.36% of the stock is owned by hedge funds and other institutional investors.

AeroVironment (NASDAQ AVAV) traded down $0.45 during trading on Friday, reaching $51.36. The company had a trading volume of 183,435 shares, compared to its average volume of 285,233. AeroVironment has a twelve month low of $25.42 and a twelve month high of $58.99. The stock has a market capitalization of $1,230.00, a PE ratio of 40.44, a price-to-earnings-growth ratio of 5.01 and a beta of 1.16.

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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.

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