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

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

AeroVironment Price Performance

AeroVironment stock opened at $196.89 on Thursday. AeroVironment has a 12 month low of $116.51 and a 12 month high of $236.60. 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 business has a 50 day simple moving average of $208.78 and a 200-day simple moving average of $194.35. The stock has a market capitalization of $5.55 billion, a PE ratio of 92.44 and a beta of 0.45.

Insider Transactions at AeroVironment

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 508 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 16,868 shares in the company, valued at approximately $3,654,452.20. This represents a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 1,782 shares of company stock worth $373,609 over the last 90 days. 1.27% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Jefferies Financial Group raised AeroVironment from a “hold” rating to a “buy” rating and lowered their price target for the company from $240.00 to $230.00 in a report on Wednesday, November 20th. Robert W. Baird raised AeroVironment from a “neutral” rating to an “outperform” rating and upped their price target for the company from $161.00 to $220.00 in a report on Wednesday, August 28th. Baird R W raised AeroVironment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 28th. BTIG Research reissued a “buy” rating and issued a $245.00 price objective on shares of AeroVironment in a report on Tuesday, September 17th. Finally, Raymond James downgraded AeroVironment from an “outperform” rating to a “market perform” rating in a report on Monday, September 16th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, AeroVironment has a consensus rating of “Buy” and an average price target 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.