AeroVironment - AVAV Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AeroVironment in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AVAV shares.
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6 brokerages have issued 1 year price objectives for AeroVironment's stock. Their AVAV share price forecasts range from $95.00 to $115.00. On average, they predict the company's share price to reach $106.50 in the next twelve months. This suggests a possible upside of 16.2% from the stock's current price.
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AeroVironment's stock was trading at $85.66 at the start of the year. Since then, AVAV shares have increased by 7.0% and is now trading at $91.66.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 27th 2023.
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AeroVironment, Inc. (NASDAQ:AVAV) released its quarterly earnings results on Monday, March, 6th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by $0.01. The aerospace company earned $134.40 million during the quarter, compared to the consensus estimate of $126.77 million. AeroVironment had a negative net margin of 1.74% and a positive trailing twelve-month return on equity of 2.21%. AeroVironment's revenue for the quarter was up 49.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 EPS.

ETFs with the largest weight of AeroVironment (NASDAQ:AVAV) stock in their portfolio include ARK Space Exploration & Innovation ETF (ARKX), AdvisorShares Drone Technology ETF (UAV), ARK Autonomous Technology & Robotics ETF (ARKQ), Innovator Loup Frontier Tech ETF (LOUP), SPDR S&P Aerospace & Defense ETF (XAR), First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT), SPDR Kensho Future Security ETF (FITE) and First Trust Innovation Leaders ETF (ILDR).

AeroVironment updated its FY23 earnings guidance on Monday, March, 6th. The company provided earnings per share guidance of $1.13-$1.33 for the period, compared to the consensus EPS estimate of $1.37. The company issued revenue guidance of $510-$525 million, compared to the consensus revenue estimate of $516.39 million.

81 employees have rated AeroVironment Chief Executive Officer Wahid Nawabi on Glassdoor.com. Wahid Nawabi has an approval rating of 82% among the company's employees. 76.0% of employees surveyed would recommend working at AeroVironment to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other AeroVironment investors own include NVIDIA (NVDA), Intel (INTC), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Micron Technology (MU), Tesla (TSLA), Alibaba Group (BABA), PayPal (PYPL), Broadcom (AVGO) and Netflix (NFLX).

AeroVironment trades on the NASDAQ under the ticker symbol "AVAV."

AeroVironment's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include American Capital Management Inc. (5.78%), Sumitomo Mitsui Trust Holdings Inc. (3.03%), Nikko Asset Management Americas Inc. (3.03%), Baillie Gifford & Co. (3.01%), Dimensional Fund Advisors LP (2.67%) and Stephens Investment Management Group LLC (2.67%). Insiders that own company stock include Alison Marie Roelke, Brian Charles Shackley, Charles R Holland, Charles Thomas Burbage, Mark Zuckerberg, Melissa Ann Brown, Stephen F Page, Timothy E Conver, Timothy E Conver and Wahid Nawabi.
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Shares of AVAV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AVAV stock can currently be purchased for approximately $91.66.

AeroVironment (NASDAQ:AVAV) has a market capitalization of $2.32 billion and generates $445.73 million in revenue each year. The aerospace company earns $-4,190,000.00 in net income (profit) each year or ($0.35) on an earnings per share basis.

The company employs 1,223 workers across the globe.

AeroVironment's mailing address is 900 INNOVATORS WAY, SIMI VALLEY CA, 93065. The official website for the company is www.avinc.com. The aerospace company can be reached via phone at (805) 520-8350, via email at ir@avinc.com, or via fax at 626-359-9628.