Revenue Update on AeroVironment(NASDAQ:AVAV)

AeroVironment(NASDAQ:AVAV) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Jun 28, 2016. Company reported revenue of $84.76M. Analysts estimated a revenue of $85.29M. Earnings per share were $0.23. Analysts had estimated an EPS of $-0.07.

AeroVironment (AVAV) made into the market gainers list on Fridays trading session with the shares advancing 0.61% or 0.17 points. Due to strong positive momentum, the stock ended at $27.97, which is also near the day’s high of $28.25. The stock began the session at $27.7 and the volume stood at 1,92,471 shares. The 52-week high of the shares is $32.44 and the 52 week low is $19.1. The company has a current market capitalization of $653 M and it has 2,33,55,320 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Apr 29, 2016, Timothy E Conver (Chairman and CEO) sold 8,500 shares at $29.28 per share price.Also, On Jan 19, 2016, Cathleen S Cline (Senior VP of Administration) sold 10,000 shares at $26.11 per share price.On Oct 7, 2015, Douglas E Scott (SVP, Gen. Counsel, Secretary) sold 1,663 shares at $21.20 per share price, according to the Form-4 filing with the securities and exchange commission.

AeroVironment Inc. designs develops produces supports and operates a portfolio of products and services for Government agencies businesses and consumers. The Company supplies unmanned aircraft systems tactical missile systems and related services primarily to organizations within the United States Department of Defense (DoD). The Company operates through two segments: Unmanned Aircraft Systems 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 to the operations of the Company’s customers and Efficient Energy Systems (EES) which focuses primarily on the design development production marketing support and operation of electric energy systems. It also supplies charging systems and services for electric vehicles and power cycling and test systems to commercial consumer and Government customers.

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