Analysts predict that Axon Enterprise Inc (NASDAQ:AAXN) will post ($0.03) earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Axon Enterprise’s earnings. The lowest EPS estimate is ($0.05) and the highest is ($0.01). Axon Enterprise reported earnings per share of $0.12 during the same quarter last year, which suggests a negative year-over-year growth rate of 125%. The company is expected to issue its next quarterly earnings results on Tuesday, February 27th.
According to Zacks, analysts expect that Axon Enterprise will report full-year earnings of $0.15 per share for the current year, with EPS estimates ranging from $0.08 to $0.29. For the next financial year, analysts forecast that the business will post earnings of $0.28 per share, with EPS estimates ranging from $0.08 to $0.59. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Axon Enterprise.
Axon Enterprise (NASDAQ:AAXN) last issued its earnings results on Tuesday, November 7th. The industrial products company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The business had revenue of $90.26 million during the quarter, compared to analyst estimates of $82.89 million. Axon Enterprise had a return on equity of 7.91% and a net margin of 4.32%. The business’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period last year, the business earned $0.07 EPS.
Several analysts have recently commented on AAXN shares. Zacks Investment Research raised Axon Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Tuesday, October 31st. BidaskClub raised Axon Enterprise from a “hold” rating to a “buy” rating in a research report on Tuesday, December 12th. Oppenheimer reaffirmed a “hold” rating on shares of Axon Enterprise in a research report on Friday, November 17th. Dougherty & Co decreased their target price on Axon Enterprise from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Finally, JPMorgan Chase & Co. raised their target price on Axon Enterprise from $28.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $29.20.
Shares of Axon Enterprise (AAXN) traded up $0.66 during trading on Wednesday, hitting $27.56. The stock had a trading volume of 572,787 shares, compared to its average volume of 528,559. The firm has a market capitalization of $1,460.00, a PE ratio of 110.24, a PEG ratio of 3.84 and a beta of 1.19. Axon Enterprise has a 1-year low of $20.57 and a 1-year high of $28.17.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FNY Partners Fund LP boosted its position in Axon Enterprise by 25.0% during the second quarter. FNY Partners Fund LP now owns 5,000 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 1,000 shares during the last quarter. Bridge City Capital LLC boosted its position in Axon Enterprise by 8.7% during the third quarter. Bridge City Capital LLC now owns 30,257 shares of the industrial products company’s stock valued at $686,000 after purchasing an additional 2,423 shares during the last quarter. Rhumbline Advisers boosted its position in Axon Enterprise by 2.9% during the third quarter. Rhumbline Advisers now owns 110,436 shares of the industrial products company’s stock valued at $2,504,000 after purchasing an additional 3,100 shares during the last quarter. Victory Capital Management Inc. boosted its position in Axon Enterprise by 58.0% during the third quarter. Victory Capital Management Inc. now owns 8,507 shares of the industrial products company’s stock valued at $193,000 after purchasing an additional 3,124 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Axon Enterprise by 20.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 23,022 shares of the industrial products company’s stock valued at $522,000 after purchasing an additional 3,986 shares during the last quarter. 95.73% of the stock is owned by hedge funds and other institutional investors.
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Axon Enterprise Company Profile
Axon Enterprise, Inc, formerly TASER International, Inc, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. It is also engaged in development of connected wearable on-officer cameras.
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