AeroVironment Inc.’s (NASDAQ:AVAV) reported that its fiscal fourth-quarter earnings moved higher 0.9% as the firm posted a boost in unmanned aircraft sales, though limits deteriorated.
The unmanned-aircraft manufacturer shares were 5.5% higher to $26.85 after hours as earnings topped expert predictions and as the company published an upbeat guidance for the new fiscal year.
AeroVironment estimated complete-year earnings of $1.41 to $1.51 per share and sales of $348 million to $370 million. Experts surveyed by Thomson Reuters had estimated $1.44 and $349 million, correspondingly.
Its competitors include L-3 Communications Holdings, Inc. (NYSE:LLL) that surged 1.37% to $72.29 with the total traded volume of 39,869.00 shares and Lockheed Martin Corporation (NYSE:LMT) that moved up 1.63% to $84.74 with the total traded volume of 150,087.00 shares.
Other industrial goods stocks with bullish trend include Lennar Corporation (NYSE:LEN) up 6.61% to $29.20, PulteGroup, Inc. (NYSE:PHM) up 3.29% to $10.04 and D.R. Horton, Inc. (NYSE:DHI) up 4.09% to $17.56, whereas with bearish trend include FuelCell Energy, Inc. (NASDAQ:FCEL) down -3.41% to $0.985, GrafTech International Ltd (NYSE:GTI) down -2.09% to $8.92 and Gafisa SA (ADR) (NYSE:GFA) down -1.95% to $2.52.
AeroVironment, Inc. (NASDAQ:AVAV) surged 6.82% or +$1.73 to trading at $27.17 at 10:25AM EDT following it hit intra day high level of $27.82. The total traded volume in the current trading session is 378,166.00 shares as compared to average 242,796.00 shares. Its fifty two week trading range is $21.14 – $36.49. The total market capitalization reached $599.60 million.
The stock price was ahead its 52 week low price with 25.86% and it lagged behind -25.35% from its 52 week maximum mark. Stock price volatility for last month remained 2.73%. In its share capital, the company has 22.13 million outstanding shares out of which 18.70 million shares have been floated in the market. For now, stock ownership with company’s management remained 0.26%.
AVAV presented an optimistic weekly performance of 3.67% with respect to its rate of return and it remained 18.16% for the month. However, the performance for a quarter experienced a negative change of -5.29% and it slumped -26.07% for a year and its year to date performance remained in red with -19.16%.
Current stock price is in the upbeat territory taking into account of 20 days moving average with +14.51% and continued bullish run for 50 days moving average with +15.57%. Its earning per share for the past twelve months was $1.36. Company’s beta coefficient was at 0.35. Beta measures the amount of market risk associated with market trade.
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