AeroVironment (NASDAQ:AVAV) released its quarterly earnings data on Wednesday. The aerospace company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03, MarketWatch Earnings reports. The firm had revenue of $87.50 million during the quarter, compared to the consensus estimate of $80.47 million. AeroVironment had a net margin of 9.26% and a return on equity of 7.30%. The firm’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 earnings per share. AeroVironment updated its FY 2021
After-Hours guidance to 1.74-1.94 EPS and its FY21 guidance to $1.74-$1.94 EPS.
Shares of NASDAQ AVAV opened at $63.95 on Friday. AeroVironment has a fifty-two week low of $45.00 and a fifty-two week high of $87.00. The firm’s 50-day simple moving average is $77.46 and its 200 day simple moving average is $67.39. The stock has a market cap of $1.55 billion, a P/E ratio of 45.35 and a beta of 0.62.
A number of research firms have issued reports on AVAV. BidaskClub cut AeroVironment from a “sell” rating to a “strong sell” rating in a research note on Friday. Canaccord Genuity raised their target price on AeroVironment from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. TheStreet upgraded AeroVironment from a “c+” rating to a “b-” rating in a research note on Monday, June 22nd. Robert W. Baird cut AeroVironment from an “outperform” rating to a “neutral” rating and set a $86.00 target price on the stock. in a research note on Friday, August 7th. Finally, Piper Sandler raised their target price on AeroVironment from $76.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $83.33.
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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