Wall street estimates Earnings report AeroVironment (NASDAQ:AVAV)

Earnings results for AeroVironment (NASDAQ:AVAV)

AeroVironment, Inc. is expected* to report earnings on 09/09/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.41. The reported EPS for the same quarter last year was $0.74.

AeroVironment last posted its quarterly earnings data on June 23rd, 2020. The aerospace company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The firm earned $135.22 million during the quarter, compared to the consensus estimate of $123.44 million. Its revenue for the quarter was up 53.8% compared to the same quarter last year. AeroVironment has generated $1.84 earnings per share over the last year and currently has a price-to-earnings ratio of 40.6. AeroVironment has confirmed that its next quarterly earnings report will be published on Wednesday, September 9th, 2020.

Analyst Opinion on AeroVironment (NASDAQ:AVAV)

6 Wall Street analysts have issued ratings and price targets for AeroVironment in the last 12 months. Their average twelve-month price target is $86.60, predicting that the stock has a possible upside of 25.54%. The high price target for AVAV is $93.00 and the low price target for AVAV is $76.00. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of “Buy.”

AeroVironment has received a consensus rating of Buy. The company’s average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $86.60, AeroVironment has a forecasted upside of 25.5% from its current price of $68.98. AeroVironment has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: AeroVironment (NASDAQ:AVAV)

AeroVironment does not currently pay a dividend. AeroVironment does not have a long track record of dividend growth.

Insiders buying/selling: AeroVironment (NASDAQ:AVAV)

In the past three months, AeroVironment insiders have not sold or bought any company stock. Only 9.70% of the stock of AeroVironment is held by insiders. 77.93% of the stock of AeroVironment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of AeroVironment (NASDAQ:AVAV

Earnings for AeroVironment are expected to grow by 16.04% in the coming year, from $1.87 to $2.17 per share. The P/E ratio of AeroVironment is 40.58, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.37. The P/E ratio of AeroVironment is 40.58, which means that it is trading at a more expensive P/E ratio than the Aerospace sector average P/E ratio of about 32.44. AeroVironment has a P/B Ratio of 3.25. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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