AeroVironment (NASDAQ:AVAV) Updates FY 2020 Earnings Guidance

AeroVironment (NASDAQ:AVAV) issued an update on its FY 2020 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.47-1.67 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.51. The company issued revenue guidance of $350-370 million, compared to the consensus revenue estimate of $356.59 million.AeroVironment also updated its FY20 guidance to $1.47-$1.67 EPS.

Shares of NASDAQ AVAV traded down $0.04 during midday trading on Friday, reaching $61.59. The company had a trading volume of 1,592 shares, compared to its average volume of 202,299. AeroVironment has a one year low of $48.61 and a one year high of $121.32. The stock has a market cap of $1.43 billion, a PE ratio of 42.05, a price-to-earnings-growth ratio of 1.45 and a beta of 1.14. The company has a quick ratio of 9.26, a current ratio of 10.56 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average price is $53.04 and its 200-day moving average price is $63.05.

AeroVironment (NASDAQ:AVAV) last posted its earnings results on Wednesday, September 4th. The aerospace company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.39. The firm had revenue of $86.91 million for the quarter, compared to the consensus estimate of $85.25 million. AeroVironment had a return on equity of 8.55% and a net margin of 11.52%. As a group, equities research analysts expect that AeroVironment will post 1.65 EPS for the current year.

Several analysts recently weighed in on AVAV shares. William Blair restated a buy rating on shares of AeroVironment in a research note on Wednesday, August 21st. Canaccord Genuity set a $80.00 price objective on AeroVironment and gave the company a buy rating in a research report on Thursday, August 22nd. Robert W. Baird reaffirmed a neutral rating and issued a $65.00 price objective (down from $83.00) on shares of AeroVironment in a research report on Wednesday, June 26th. ValuEngine cut AeroVironment from a buy rating to a hold rating in a research report on Monday, June 17th. Finally, BidaskClub raised AeroVironment from a sell rating to a hold rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $71.32.

In related news, Chairman Timothy E. Conver sold 13,792 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $52.53, for a total value of $724,493.76. Following the completion of the sale, the chairman now directly owns 56,660 shares in the company, valued at $2,976,349.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Timothy E. Conver sold 6,896 shares of AeroVironment stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $55.37, for a total transaction of $381,831.52. Following the transaction, the chairman now directly owns 56,660 shares in the company, valued at $3,137,264.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,960 shares of company stock valued at $3,786,456. 10.50% of the stock is owned by insiders.

AeroVironment Company Profile

AeroVironment, Inc designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company offers unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S. Department of Defense and to international allied governments; and tactical missile systems and related services to organizations within the U.S.

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Earnings History and Estimates for AeroVironment (NASDAQ:AVAV)

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