AeroVironment, Inc. (NASDAQ:AVAV) Expected to Earn Q3 2021 Earnings of $0.35 Per Share

AeroVironment, Inc. (NASDAQ:AVAV) – Equities researchers at William Blair issued their Q3 2021 earnings per share (EPS) estimates for shares of AeroVironment in a research report issued on Wednesday, June 24th. William Blair analyst L. Dipalma anticipates that the aerospace company will earn $0.35 per share for the quarter. William Blair also issued estimates for AeroVironment’s Q4 2021 earnings at $0.68 EPS.

Several other brokerages have also recently issued reports on AVAV. Piper Sandler raised their target price on AeroVironment from $76.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. BidaskClub raised AeroVironment from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Robert W. Baird raised their target price on AeroVironment from $71.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. Zacks Investment Research cut AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, ValuEngine cut AeroVironment from a “buy” rating to a “hold” rating in a research report on Thursday, March 26th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $82.67.

Shares of NASDAQ:AVAV opened at $79.63 on Monday. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 46.84, a PEG ratio of 1.65 and a beta of 0.72. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.48 and a current ratio of 7.56. The stock’s 50-day simple moving average is $69.32 and its two-hundred day simple moving average is $63.35. AeroVironment has a 52-week low of $45.00 and a 52-week high of $80.76.

AeroVironment (NASDAQ:AVAV) last announced its earnings results on Tuesday, June 23rd. The aerospace company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. The business had revenue of $135.22 million for the quarter, compared to analysts’ expectations of $123.44 million. AeroVironment had a return on equity of 9.02% and a net margin of 11.18%. The business’s revenue for the quarter was up 53.8% on a year-over-year basis. During the same period last year, the firm posted $0.26 earnings per share.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Amalgamated Bank lifted its holdings in AeroVironment by 3.7% in the 4th quarter. Amalgamated Bank now owns 4,112 shares of the aerospace company’s stock worth $254,000 after purchasing an additional 148 shares in the last quarter. Mason Street Advisors LLC lifted its holdings in AeroVironment by 2.6% in the 4th quarter. Mason Street Advisors LLC now owns 7,521 shares of the aerospace company’s stock worth $464,000 after purchasing an additional 193 shares in the last quarter. Banque Cantonale Vaudoise lifted its holdings in AeroVironment by 7.5% in the 1st quarter. Banque Cantonale Vaudoise now owns 2,801 shares of the aerospace company’s stock worth $171,000 after purchasing an additional 196 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in AeroVironment by 0.6% in the 4th quarter. Alliancebernstein L.P. now owns 33,721 shares of the aerospace company’s stock worth $2,082,000 after purchasing an additional 200 shares in the last quarter. Finally, Valeo Financial Advisors LLC lifted its holdings in AeroVironment by 50.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 600 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 200 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.

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.

See Also: Consumer Price Index (CPI)

Earnings History and Estimates for AeroVironment (NASDAQ:AVAV)

Receive News & Ratings for AeroVironment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AeroVironment and related companies with MarketBeat.com's FREE daily email newsletter.