AeroVironment (NASDAQ:AVAV) announced its quarterly earnings results on Tuesday. The aerospace company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06, Briefing.com reports. AeroVironment had a net margin of 11.18% and a return on equity of 9.02%. The firm had revenue of $135.22 million during the quarter, compared to analysts’ expectations of $123.44 million. During the same period in the previous year, the company earned $0.26 earnings per share. AeroVironment’s quarterly revenue was up 53.8% compared to the same quarter last year. AeroVironment updated its FY 2021
After-Hours guidance to 1.74-1.94 EPS and its FY21 guidance to $1.74-1.94 EPS.
NASDAQ AVAV opened at $78.85 on Friday. The stock has a market capitalization of $1.72 billion, a P/E ratio of 46.38, a P/E/G ratio of 1.53 and a beta of 0.72. AeroVironment has a 52-week low of $45.00 and a 52-week high of $79.54. The firm has a 50-day moving average price of $67.63 and a 200 day moving average price of $62.96. The company has a quick ratio of 6.48, a current ratio of 7.56 and a debt-to-equity ratio of 0.02.
AVAV has been the subject of a number of research reports. BidaskClub cut shares of AeroVironment from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 10th. Zacks Investment Research cut shares of AeroVironment from a “buy” rating to a “hold” rating in a report on Wednesday, May 6th. Robert W. Baird upped their target price on shares of AeroVironment from $71.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday. TheStreet raised shares of AeroVironment from a “c+” rating to a “b-” rating in a report on Monday. Finally, Stifel Nicolaus raised shares of AeroVironment from a “hold” rating to a “buy” rating and upped their target price for the company from $55.00 to $90.00 in a report on Thursday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $82.67.
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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