Wall Street analysts expect that Axon Enterprise Inc (NASDAQ:AAXN) will report earnings of $0.11 per share for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Axon Enterprise’s earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.05. Axon Enterprise posted earnings of $0.18 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 38.9%. The firm is expected to announce its next earnings report on Tuesday, February 26th.
On average, analysts expect that Axon Enterprise will report full-year earnings of $0.80 per share for the current year, with EPS estimates ranging from $0.71 to $0.87. For the next financial year, analysts forecast that the firm will post earnings of $0.91 per share, with EPS estimates ranging from $0.65 to $1.06. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Axon Enterprise.
Axon Enterprise (NASDAQ:AAXN) last posted its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Axon Enterprise had a net margin of 6.26% and a return on equity of 10.74%. The company had revenue of $104.84 million for the quarter, compared to the consensus estimate of $103.06 million. During the same period last year, the company posted $0.01 EPS. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year.
A number of research firms have recently weighed in on AAXN. BidaskClub downgraded shares of Axon Enterprise from a “buy” rating to a “hold” rating in a research note on Friday. Robert W. Baird upgraded shares of Axon Enterprise from a “neutral” rating to an “outperform” rating in a research report on Friday, November 9th. JPMorgan Chase & Co. upgraded shares of Axon Enterprise from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $66.00 to $68.00 in a research report on Thursday, November 8th. Zacks Investment Research downgraded shares of Axon Enterprise from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Finally, CL King reiterated a “hold” rating on shares of Axon Enterprise in a research report on Monday, October 22nd. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $64.82.
In other Axon Enterprise news, Director Mark W. Kroll sold 3,100 shares of the firm’s stock in a transaction that occurred on Sunday, December 16th. The shares were sold at an average price of $22.85, for a total transaction of $70,835.00. Following the completion of the transaction, the director now owns 55,135 shares in the company, valued at approximately $1,259,834.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jawad A. Ahsan purchased 2,000 shares of the stock in a transaction on Monday, November 12th. The shares were purchased at an average price of $49.73 per share, with a total value of $99,460.00. Following the acquisition, the chief financial officer now owns 71,156 shares in the company, valued at approximately $3,538,587.88. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 31,100 shares of company stock worth $2,015,035. 3.90% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in AAXN. Millennium Management LLC raised its holdings in Axon Enterprise by 264.5% during the 1st quarter. Millennium Management LLC now owns 51,903 shares of the industrial products company’s stock worth $2,040,000 after purchasing an additional 37,662 shares during the last quarter. Royal Bank of Canada raised its holdings in Axon Enterprise by 434.0% during the 1st quarter. Royal Bank of Canada now owns 22,108 shares of the industrial products company’s stock worth $869,000 after purchasing an additional 17,968 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Axon Enterprise by 4.0% during the 1st quarter. Principal Financial Group Inc. now owns 411,971 shares of the industrial products company’s stock worth $16,194,000 after purchasing an additional 16,022 shares during the last quarter. Bank of Montreal Can raised its holdings in Axon Enterprise by 65.0% during the 2nd quarter. Bank of Montreal Can now owns 17,639 shares of the industrial products company’s stock worth $1,114,000 after purchasing an additional 6,947 shares during the last quarter. Finally, Amalgamated Bank raised its holdings in Axon Enterprise by 13.9% during the 2nd quarter. Amalgamated Bank now owns 8,566 shares of the industrial products company’s stock worth $541,000 after purchasing an additional 1,043 shares during the last quarter. Hedge funds and other institutional investors own 81.89% of the company’s stock.
AAXN opened at $43.47 on Wednesday. Axon Enterprise has a 1-year low of $23.82 and a 1-year high of $76.45. The company has a market capitalization of $2.58 billion, a PE ratio of 161.00, a P/E/G ratio of 3.37 and a beta of 1.00.
Axon Enterprise Company Profile
Axon Enterprise, Inc develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. The company operates through two segments, TASER Weapons, and Software and Sensors. It offers TASER X26P and TASER X2 smart weapons for law enforcement; consumer CEWs; and replacement cartridges and consumables, as well as performance power magazines.
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