As far as I can tell: At this time, No.
In order to have code coverage you need Emma support and that's not yet fixed in the android gradle build plugin. It's supposed to come in version 0.8.+ but it was also "supposed" to come in version 0.6+ so don't hold your breath.
Roadmap: http://tools.android.com/tech-docs/new-build-system/roadmap
Related Emma Issue: https://code.google.com/p/android/issues/detail?id=60964