AeroVironment (NASDAQ:AVAV) Issues FY 2022 Earnings Guidance

AeroVironment (NASDAQ:AVAV) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.500-$2.700 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.640. The company issued revenue guidance of $560 million-$580 million, compared to the consensus revenue estimate of $571.46 million.

Shares of NASDAQ AVAV opened at $98.22 on Thursday. The firm has a market cap of $2.43 billion, a PE ratio of 102.31 and a beta of 0.34. The company has a current ratio of 4.18, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. AeroVironment has a 52-week low of $59.13 and a 52-week high of $143.71. The firm has a 50-day moving average price of $106.04.

AeroVironment (NASDAQ:AVAV) last announced its earnings results on Monday, June 28th. The aerospace company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.23. The firm had revenue of $136.02 million during the quarter, compared to analysts’ expectations of $147.96 million. AeroVironment had a return on equity of 9.42% and a net margin of 5.91%. As a group, research analysts forecast that AeroVironment will post 2.64 EPS for the current year.

Separately, Zacks Investment Research cut AeroVironment from a buy rating to a hold rating in a research report on Monday, July 5th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $114.40.

In other news, Chairman Timothy E. Conver sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 9th. The stock was sold at an average price of $111.64, for a total value of $781,480.00. Following the completion of the sale, the chairman now directly owns 45,115 shares of the company’s stock, valued at approximately $5,036,638.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Timothy E. Conver sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 11th. The shares were sold at an average price of $102.79, for a total value of $1,284,875.00. Following the completion of the sale, the chairman now directly owns 45,115 shares of the company’s stock, valued at $4,637,370.85. The disclosure for this sale can be found here. Insiders have sold a total of 104,400 shares of company stock valued at $11,158,495 over the last ninety days. 9.70% 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 supplies 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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