Brokerages forecast that AeroVironment, Inc. (NASDAQ:AVAV) will report sales of $74.46 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for AeroVironment’s earnings. The lowest sales estimate is $71.03 million and the highest is $80.00 million. AeroVironment reported sales of $73.83 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 0.9%. The firm is expected to issue its next quarterly earnings results on Tuesday, December 4th.

According to Zacks, analysts expect that AeroVironment will report full year sales of $307.47 million for the current year, with estimates ranging from $300.00 million to $320.00 million. For the next financial year, analysts expect that the business will report sales of $376.03 million per share, with estimates ranging from $342.00 million to $460.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow AeroVironment.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Wednesday, September 5th. The aerospace company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.79. AeroVironment had a return on equity of 10.71% and a net margin of 15.56%. The firm had revenue of $78.04 million during the quarter, compared to the consensus estimate of $73.65 million. During the same quarter in the previous year, the company posted ($0.19) earnings per share. The business’s revenue was up 127.1% on a year-over-year basis.

Several analysts have weighed in on the company. Stifel Nicolaus downgraded AeroVironment from a “buy” rating to a “hold” rating and boosted their price objective for the company from $65.00 to $70.00 in a research report on Thursday, June 28th. Zacks Investment Research upgraded AeroVironment from a “hold” rating to a “strong-buy” rating and set a $115.00 price objective for the company in a research report on Friday. Piper Jaffray Companies reiterated a “neutral” rating and issued a $77.00 price objective on shares of AeroVironment in a research report on Thursday. BidaskClub upgraded AeroVironment from a “hold” rating to a “buy” rating in a research report on Tuesday, July 3rd. Finally, Drexel Hamilton reiterated a “hold” rating on shares of AeroVironment in a research report on Wednesday, June 27th. Five equities research analysts have rated the stock with a hold rating and three have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $83.20.

AVAV stock traded up $0.46 during midday trading on Thursday, hitting $100.43. The company had a trading volume of 496,531 shares, compared to its average volume of 286,162. AeroVironment has a 52 week low of $41.53 and a 52 week high of $103.98. The company has a market capitalization of $2.40 billion, a P/E ratio of 92.99, a PEG ratio of 4.02 and a beta of 1.20.

In related news, VP Kirk J. Flittie sold 3,659 shares of the company’s stock in a transaction that occurred on Thursday, July 12th. The stock was sold at an average price of $72.76, for a total transaction of $266,228.84. Following the completion of the transaction, the vice president now owns 9,083 shares in the company, valued at $660,879.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 11.70% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the stock. WINTON GROUP Ltd bought a new position in shares of AeroVironment during the second quarter valued at approximately $303,000. Global X Management Co LLC raised its holdings in shares of AeroVironment by 15.2% during the second quarter. Global X Management Co LLC now owns 482,723 shares of the aerospace company’s stock valued at $34,481,000 after acquiring an additional 63,811 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of AeroVironment by 104.9% during the second quarter. Jane Street Group LLC now owns 9,632 shares of the aerospace company’s stock valued at $688,000 after acquiring an additional 4,932 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of AeroVironment by 11.2% during the second quarter. California Public Employees Retirement System now owns 34,592 shares of the aerospace company’s stock valued at $2,471,000 after acquiring an additional 3,492 shares in the last quarter. Finally, Millennium Management LLC bought a new position in shares of AeroVironment during the second quarter valued at approximately $1,745,000. Institutional investors own 82.21% of the company’s stock.

AeroVironment Company Profile

AeroVironment, Inc designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company offers unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S. Department of Defense and to international allied governments; and tactical missile systems and related services to organizations within the U.S.

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Earnings History and Estimates for AeroVironment (NASDAQ:AVAV)

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