AeroVironment (NASDAQ:AVAV) Announces Earnings Results

AeroVironment (NASDAQ:AVAV) issued its earnings results on Wednesday. The aerospace company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.28, Briefing.com reports. The business had revenue of $189.48 million for the quarter, compared to analysts’ expectations of $183.18 million. AeroVironment had a net margin of 8.32% and a return on equity of 10.89%. The business’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.00 EPS. AeroVironment updated its FY25 guidance to $3.18-3.49 EPS and its FY 2025 guidance to 3.180-3.490 EPS.

AeroVironment Stock Down 5.3 %

Shares of NASDAQ:AVAV opened at $183.73 on Friday. The firm has a fifty day moving average of $178.02 and a 200 day moving average of $172.39. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.52 and a current ratio of 3.56. AeroVironment has a 52-week low of $104.67 and a 52-week high of $224.00. The firm has a market capitalization of $5.17 billion, a PE ratio of 82.76 and a beta of 0.51.

Insider Buying and Selling at AeroVironment

In other AeroVironment news, CEO Wahid Nawabi sold 9,867 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $169.23, for a total transaction of $1,669,792.41. Following the completion of the sale, the chief executive officer now directly owns 99,892 shares in the company, valued at $16,904,723.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 511 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $178.45, for a total transaction of $91,187.95. Following the completion of the sale, the chief financial officer now directly owns 21,334 shares in the company, valued at $3,807,052.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Wahid Nawabi sold 9,867 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $169.23, for a total transaction of $1,669,792.41. Following the sale, the chief executive officer now owns 99,892 shares of the company’s stock, valued at $16,904,723.16. The disclosure for this sale can be found here. Insiders sold a total of 11,287 shares of company stock worth $1,928,305 over the last three months. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Baird R W raised shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 28th. BTIG Research assumed coverage on shares of AeroVironment in a report on Wednesday, June 26th. They issued a “buy” rating and a $255.00 price target on the stock. Alembic Global Advisors raised shares of AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price target on the stock in a report on Wednesday, August 28th. Royal Bank of Canada decreased their price target on shares of AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Robert W. Baird upgraded shares of AeroVironment from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $161.00 to $220.00 in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, AeroVironment presently has a consensus rating of “Buy” and a consensus target price of $210.20.

AeroVironment Company Profile

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.