AeroVironment (NASDAQ:AVAV) Posts Quarterly Earnings Results, Beats Estimates By $0.28 EPS

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

AeroVironment Stock Performance

AeroVironment stock opened at $183.73 on Friday. AeroVironment has a twelve month low of $104.67 and a twelve month high of $224.00. The company has a quick ratio of 2.52, a current ratio of 3.56 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $5.17 billion, a P/E ratio of 82.76 and a beta of 0.51. The stock’s 50 day moving average is $178.02 and its 200 day moving average is $172.39.

Insider Buying and Selling at AeroVironment

In other news, CEO Wahid Nawabi sold 9,867 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $169.23, for a total value of $1,669,792.41. Following the sale, the chief executive officer now directly owns 99,892 shares of the company’s stock, valued at $16,904,723.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 396 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $196.22, for a total transaction of $77,703.12. Following the completion of the sale, the chief financial officer now directly owns 18,254 shares in the company, valued at approximately $3,581,799.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Wahid Nawabi sold 9,867 shares of the firm’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. Over the last 90 days, insiders sold 11,287 shares of company stock worth $1,928,305. 1.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AVAV. BTIG Research assumed coverage on shares of AeroVironment in a research report on Wednesday, June 26th. They set a “buy” rating and a $255.00 price objective on the stock. Royal Bank of Canada decreased their price target on shares of AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a research note on Thursday. Alembic Global Advisors upgraded AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 target price on the stock in a report on Wednesday, August 28th. Baird R W upgraded AeroVironment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Finally, Robert W. Baird raised AeroVironment from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $161.00 to $220.00 in a research note on Wednesday, August 28th. One investment 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 stock. According to data from MarketBeat.com, AeroVironment currently has an average 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.