Profile
Sector:
IndustrialsIndustry:
Aerospace & DefenseCountry:
United StatesIPO:
23 January 2007Website:
http://www.avinc.comNext earnings report:
05 September 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Wed, 03 Jul 2024 20:39:13 GMTDividend
Analysts recommendations
Institutional Ownership
AVAV Latest News
Although labeled as the peace summit, an international call for an end to Russia's invasion of Ukraine effectively did little more than harden ideological lines. While a great many support a roadmap to peace that encompasses Ukraine's territorial integrity, key players – namely Russia and China, along with a few others – believe differently.
Aerovironment Chairman, President and CEO Wahid Nawabi joins 'Mad Money' host Jim Cramer to talk quarterly results, global military conflicts, autonomous weapons and more.
AeroVironment beat expectations for Q4 2024 sales and may have beaten on earnings as well. GAAP profits, however, were only half of reported non-GAAP profits, and fiscal 2024 free cash flow remained negative.
AeroVironment beat expectations with a surge in sales of Switchblade drones, driving revenue growth in their Loitering Munition Systems segment. Margins and profitability significantly improved, with gross margins rising to ~40% and adjusted EBITDA increasing by 42%. Despite strong demand, potential headwinds such as heightened competition and delays in contracts lead to a recommendation to hold the stock for now.
AeroVironment, Inc. (NASDAQ:AVAV ) Q4 2024 Earnings Conference Call June 26, 2024 4:30 PM ET Company Participants Jonah Teeter-Balin - Senior Director, Corporate Development & Investor Relations Wahid Nawabi - Chairman, President & Chief Executive Officer Kevin McDonnell - Senior Vice President & Chief Financial Officer Conference Call Participants Greg Konrad - Jefferies Peter Arment - Baird Ken Herbert - RBC Bryce Sandberg - William Blair Andre Madrid - BTIG Operator Good day, and thank you for standing by. Welcome to the AeroVironment Fourth Quarter and Full Fiscal Year 2024 Conference Call.
The headline numbers for AeroVironment (AVAV) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
AeroVironment (AVAV) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.99 per share a year ago.
AeroVironment stock has a new drone, the gas-powered JUMP 20. It also has a very high stock price: 83 times forward earnings.
In arguably most cases, it's easier to sell the narrative that beaten-down enterprises represent stocks to buy over the long run than it is to state that high-flying entities could jump even higher. Maybe it has to do with humans' natural proclivity to seek out discounts.
The latest trading day saw AeroVironment (AVAV) settling at $215.51, representing a -0.95% change from its previous close.
What type of business is AeroVironment?
AeroVironment, Inc. is a manufacturer of unmanned aerial vehicles, the largest supplier of small UAVs for the Pentagon. The company also produces tactical missile systems. It also supplies spare equipment, alternative payload modules, batteries, chargers, repair services, customer support, as well as several aircraft, portable ground control systems, spare parts, and accessories. In addition, the company develops high-altitude pseudo-satellite systems for a commercial customer based in Japan. The company was founded in 1971, with its headquarters located in Simi Valley, California.
What sector is AeroVironment in?
AeroVironment is in the Industrials sector
What industry is AeroVironment in?
AeroVironment is in the Aerospace & Defense industry
What country is AeroVironment from?
AeroVironment is headquartered in United States
When did AeroVironment go public?
AeroVironment initial public offering (IPO) was on 23 January 2007
What is AeroVironment website?
https://www.avinc.com
Is AeroVironment in the S&P 500?
No, AeroVironment is not included in the S&P 500 index
Is AeroVironment in the NASDAQ 100?
No, AeroVironment is not included in the NASDAQ 100 index
Is AeroVironment in the Dow Jones?
No, AeroVironment is not included in the Dow Jones index
When does AeroVironment report earnings?
The next expected earnings date for AeroVironment is 05 September 2024