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

AeroVironment (NASDAQ:AVAV) posted its quarterly earnings data 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. 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 analyst estimates of $183.18 million. During the same quarter last year, the company earned $1.00 EPS. 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 Price Performance

NASDAQ:AVAV opened at $194.04 on Thursday. The company has a market capitalization of $5.46 billion, a P/E ratio of 87.41 and a beta of 0.51. The business’s 50-day moving average is $177.91 and its 200 day moving average is $172.31. The company has a current ratio of 3.56, a quick ratio of 2.52 and a debt-to-equity ratio of 0.02. AeroVironment has a 12 month low of $93.94 and a 12 month high of $224.00.

Insiders Place Their Bets

In related news, CEO Wahid Nawabi sold 9,867 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $169.23, for a total value of $1,669,792.41. Following the completion of the transaction, 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 the SEC website. In other news, 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 value of $1,669,792.41. Following the completion of the sale, the chief executive officer now owns 99,892 shares in the company, valued at approximately $16,904,723.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin Patrick Mcdonnell sold 396 shares of the company’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 transaction, the chief financial officer now owns 18,254 shares in the company, valued at $3,581,799.88. The disclosure for this sale can be found here. Insiders have 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 insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Robert W. Baird raised AeroVironment from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $161.00 to $220.00 in a research report on Wednesday, August 28th. Baird R W upgraded shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Alembic Global Advisors raised AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price objective on the stock in a research report on Wednesday, August 28th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of AeroVironment in a research note on Thursday, June 27th. Finally, BTIG Research started coverage on shares of AeroVironment in a report on Wednesday, June 26th. They issued a “buy” rating and a $255.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $207.20.

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.