AeroVironment (NASDAQ:AVAV) Updates FY25 Earnings Guidance

AeroVironment (NASDAQ:AVAV) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.18-3.49 for the period, compared to the consensus estimate of $3.49. The company issued revenue guidance of $790-820 million, compared to the consensus revenue estimate of $826.39 million.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Raymond James downgraded AeroVironment from an “outperform” rating to a “market perform” rating in a research note on Monday, September 16th. Robert W. Baird raised shares of AeroVironment from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $161.00 to $220.00 in a report on Wednesday, August 28th. BTIG Research restated a “buy” rating and set a $245.00 price target on shares of AeroVironment in a research report on Tuesday, September 17th. Royal Bank of Canada cut their price objective on shares of AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Finally, Baird R W upgraded AeroVironment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $211.83.

AeroVironment Price Performance

AeroVironment stock traded up $3.79 during mid-day trading on Wednesday, hitting $196.89. The company’s stock had a trading volume of 654,902 shares, compared to its average volume of 342,535. AeroVironment has a twelve month low of $116.51 and a twelve month high of $236.60. The stock’s fifty day moving average price is $208.78 and its two-hundred day moving average price is $194.35. The stock has a market capitalization of $5.55 billion, a P/E ratio of 90.66 and a beta of 0.45. The company has a quick ratio of 3.04, a current ratio of 4.26 and a debt-to-equity ratio of 0.01.

AeroVironment (NASDAQ:AVAV) last released its earnings results on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.28. AeroVironment had a return on equity of 9.87% and a net margin of 7.82%. The company had revenue of $189.48 million during the quarter, compared to analyst estimates of $183.18 million. During the same quarter in the prior year, the company earned $1.00 earnings per share. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. Research analysts forecast that AeroVironment will post 3.36 earnings per share for the current year.

Insider Activity at AeroVironment

In related news, CFO Kevin Patrick Mcdonnell sold 878 shares of AeroVironment stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $210.54, for a total transaction of $184,854.12. Following the sale, the chief financial officer now directly owns 17,376 shares of the company’s stock, valued at $3,658,343.04. This trade represents a 4.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 1,782 shares of company stock valued at $373,609. Insiders own 1.27% of the company’s stock.

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.