Headlines about AeroVironment (NASDAQ:AVAV) have trended somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AeroVironment earned a news impact score of 0.09 on Accern’s scale. Accern also gave media headlines about the aerospace company an impact score of 45.4720714062206 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern’s analysis:
- Head-To-Head Comparison: AeroVironment (AVAV) vs. Moog (MOG) (americanbankingnews.com)
- AeroVironment (AVAV) & DigitalGlobe (DGI) Head-To-Head Survey (americanbankingnews.com)
- Solar Drones Take a Step Towards Commercial Flight – Motley Fool (fool.com)
- Why Shares of AeroVironment, Inc. Popped 23% in December – Motley Fool (fool.com)
AVAV has been the topic of several analyst reports. Canaccord Genuity reiterated a “hold” rating and set a $50.00 target price on shares of AeroVironment in a report on Thursday, December 14th. Zacks Investment Research upgraded AeroVironment from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective on the stock in a report on Friday, December 8th. ValuEngine lowered AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Robert W. Baird reiterated a “hold” rating and issued a $35.00 target price on shares of AeroVironment in a research report on Tuesday, October 24th. Finally, TheStreet upgraded AeroVironment from a “c+” rating to a “b” rating in a research report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $44.40.
AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data on Tuesday, December 5th. The aerospace company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.30. AeroVironment had a return on equity of 8.23% and a net margin of 10.42%. The company had revenue of $73.83 million for the quarter, compared to the consensus estimate of $63.53 million. During the same quarter in the previous year, the business earned ($0.18) EPS. The company’s quarterly revenue was up 47.3% compared to the same quarter last year. research analysts expect that AeroVironment will post 0.7 earnings per share for the current year.
In other AeroVironment news, Chairman Timothy E. Conver sold 7,600 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $55.27, for a total value of $420,052.00. Following the transaction, the chairman now owns 58,138 shares in the company, valued at $3,213,287.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Timothy E. Conver sold 3,800 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $44.14, for a total value of $167,732.00. Following the completion of the transaction, the chairman now owns 58,138 shares in the company, valued at approximately $2,566,211.32. The disclosure for this sale can be found here. Insiders have sold 38,000 shares of company stock worth $1,982,916 over the last ninety days. 11.00% of the stock is owned by insiders.
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AeroVironment Company Profile
AeroVironment, Inc designs, develops, produces, supports and operates a portfolio of products and services for government agencies, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems.
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