AeroVironment (NASDAQ:AVAV) Releases Earnings Results, Misses Estimates By $0.29 EPS

AeroVironment (NASDAQ:AVAV) issued its quarterly earnings data on Wednesday. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.29), Briefing.com reports. AeroVironment had a return on equity of 9.87% and a net margin of 7.82%. The firm had revenue of $188.46 million during the quarter, compared to analysts’ expectations of $181.80 million. During the same period in the previous year, the firm earned $0.97 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. AeroVironment updated its FY25 guidance to $3.18-3.49 EPS.

AeroVironment Stock Performance

Shares of NASDAQ AVAV traded up $3.79 during midday trading on Wednesday, reaching $196.89. 669,499 shares of the company traded hands, compared to its average volume of 342,535. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.26 and a quick ratio of 3.04. The stock has a 50-day moving average price of $208.78 and a 200 day moving average price of $194.35. AeroVironment has a 52 week low of $116.51 and a 52 week high of $236.60. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 90.66 and a beta of 0.45.

Insiders Place Their Bets

In related news, CFO Kevin Patrick Mcdonnell sold 508 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $216.65, for a total value of $110,058.20. Following the completion of the sale, the chief financial officer now owns 16,868 shares of the company’s stock, valued at approximately $3,654,452.20. The trade was a 2.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 1,782 shares of company stock worth $373,609. 1.27% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AVAV has been the subject of a number of recent analyst reports. Baird R W upgraded shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Royal Bank of Canada decreased their price objective on shares of AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. Alembic Global Advisors upgraded shares of AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price objective for the company in a research note on Wednesday, August 28th. BTIG Research reiterated a “buy” rating and issued a $245.00 target price on shares of AeroVironment in a research note on Tuesday, September 17th. Finally, Robert W. Baird raised shares of AeroVironment from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $161.00 to $220.00 in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, AeroVironment presently has an average rating of “Buy” and a consensus target price of $211.83.

About AeroVironment

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.