Media headlines about AeroVironment (NASDAQ:AVAV) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AeroVironment earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the aerospace company an impact score of 45.61435226133 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- $0.09 EPS Expected for AeroVironment, Inc. (AVAV) This Quarter (americanbankingnews.com)
- Analysis: Positioning to Benefit within NextEra Energy, Invesco Mortgage Capital, Frontier Communications, AeroVironment, RPX, and The Hackett Group — Research Highlights Growth, Revenue, and Consolidated Results (finance.yahoo.com)
- ETFs with exposure to AeroVironment, Inc. : December 18, 2017 (finance.yahoo.com)
- AeroVironment (AVAV) Rating Increased to B at TheStreet (americanbankingnews.com)
- Analyzing AeroVironment (AVAV) & Exelis (XLS) (americanbankingnews.com)
Shares of AeroVironment (NASDAQ:AVAV) traded down $0.60 during mid-day trading on Friday, hitting $56.67. 210,873 shares of the stock were exchanged, compared to its average volume of 273,447. AeroVironment has a 1 year low of $24.70 and a 1 year high of $58.99. The company has a market cap of $1,368.72, a PE ratio of 43.26, a PEG ratio of 5.97 and a beta of 1.16.
AeroVironment (NASDAQ:AVAV) last announced its earnings results on Tuesday, December 5th. The aerospace company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.30. AeroVironment had a net margin of 10.42% and a return on equity of 8.23%. The firm had revenue of $73.83 million for the quarter, compared to analysts’ expectations of $63.53 million. During the same quarter in the previous year, the business posted ($0.18) EPS. The company’s quarterly revenue was up 47.3% on a year-over-year basis. sell-side analysts forecast that AeroVironment will post 0.64 earnings per share for the current year.
A number of brokerages have issued reports on AVAV. Jefferies Group boosted their price objective on shares of AeroVironment from $29.00 to $37.00 and gave the company a “hold” rating in a research report on Wednesday, August 30th. Piper Jaffray Companies restated a “neutral” rating and set a $36.00 target price on shares of AeroVironment in a report on Thursday, August 31st. Canaccord Genuity boosted their target price on shares of AeroVironment from $40.00 to $48.00 and gave the company a “hold” rating in a report on Wednesday, October 4th. Zacks Investment Research cut shares of AeroVironment from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, Robert W. Baird restated a “hold” rating and set a $35.00 target price on shares of AeroVironment in a report on Tuesday, October 24th. Seven equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average target price of $44.40.
In related news, Chairman Timothy E. Conver sold 3,800 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $44.14, for a total value of $167,732.00. Following the transaction, the chairman now owns 58,138 shares in the company, valued at approximately $2,566,211.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Timothy E. Conver sold 7,600 shares of the company’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $54.00, for a total transaction of $410,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,200 shares of company stock worth $1,835,376. Company insiders own 11.00% of the company’s stock.
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AeroVironment Company Profile
AeroVironment, Inc designs, develops, produces, supports and operates a portfolio of products and services for government agencies, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems.
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