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

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

AeroVironment Price Performance

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

Wall Street Analyst Weigh In

A number of brokerages have commented on AVAV. Robert W. Baird raised shares of AeroVironment from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $161.00 to $220.00 in a research note on Wednesday, August 28th. BTIG Research initiated coverage on shares of AeroVironment in a research note on Wednesday, June 26th. They set a “buy” rating and a $255.00 price target for the company. Baird R W raised shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Alembic Global Advisors raised AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price target on the stock in a research report on Wednesday, August 28th. Finally, Royal Bank of Canada reduced their target price on AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a research report on Thursday. 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $210.20.

Insider Activity

In related news, CEO Wahid Nawabi sold 9,867 shares of AeroVironment stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $169.23, for a total transaction of $1,669,792.41. Following the completion of the transaction, the chief executive officer now directly owns 99,892 shares in the company, valued at $16,904,723.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other AeroVironment news, CEO Wahid Nawabi sold 9,867 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $169.23, for a total transaction of $1,669,792.41. Following the transaction, the chief executive officer now owns 99,892 shares in the company, valued at $16,904,723.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin Patrick Mcdonnell sold 513 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $174.70, for a total transaction of $89,621.10. Following the completion of the sale, the chief financial officer now directly owns 18,650 shares of the company’s stock, valued at approximately $3,258,155. The disclosure for this sale can be found here. Insiders sold a total of 11,287 shares of company stock valued at $1,928,305 in the last quarter. 1.40% of the stock is currently owned by company insiders.

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.