AeroVironment (NASDAQ:AVAV) Posts Quarterly Earnings Results, Beats Estimates By $0.22 EPS

AeroVironment (NASDAQ:AVAV) issued its quarterly earnings results on Wednesday. The aerospace company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.22, Briefing.com reports. The company had revenue of $197.00 million for the quarter, compared to analysts’ expectations of $188.48 million. AeroVironment had a return on equity of 11.24% and a net margin of 8.32%. AeroVironment’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business earned $0.99 earnings per share. 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

AVAV opened at $182.16 on Friday. The stock has a 50-day moving average price of $190.43 and a 200-day moving average price of $154.18. The firm has a market cap of $5.13 billion, a PE ratio of 82.05 and a beta of 0.46. AeroVironment has a 1 year low of $91.00 and a 1 year high of $224.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.66 and a quick ratio of 3.16.

Wall Street Analyst Weigh In

AVAV has been the topic of several analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of AeroVironment in a research note on Thursday. Robert W. Baird reaffirmed a “neutral” rating and set a $161.00 target price on shares of AeroVironment in a research report on Friday, March 8th. William Blair reiterated an “outperform” rating on shares of AeroVironment in a research note on Tuesday, March 5th. Finally, BTIG Research initiated coverage on AeroVironment in a research note on Wednesday. They set a “buy” rating and a $255.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $175.20.

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.