$0.12 Earnings Per Share Expected for Axon Enterprise Inc (AAXN) This Quarter

Wall Street brokerages expect that Axon Enterprise Inc (NASDAQ:AAXN) will post earnings of $0.12 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Axon Enterprise’s earnings. The lowest EPS estimate is $0.08 and the highest is $0.16. Axon Enterprise reported earnings per share of $0.01 in the same quarter last year, which would suggest a positive year-over-year growth rate of 1,100%. The company is scheduled to issue its next quarterly earnings results on Tuesday, November 6th.

According to Zacks, analysts expect that Axon Enterprise will report full-year earnings of $0.74 per share for the current fiscal year, with EPS estimates ranging from $0.68 to $0.77. For the next financial year, analysts anticipate that the company will report earnings of $0.92 per share, with EPS estimates ranging from $0.78 to $1.02. Zacks’ EPS calculations are an average based on a survey of research firms that cover Axon Enterprise.

Axon Enterprise (NASDAQ:AAXN) last issued its quarterly earnings data on Tuesday, August 7th. The industrial products company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. The company had revenue of $99.23 million during the quarter, compared to the consensus estimate of $95.74 million. Axon Enterprise had a net margin of 5.35% and a return on equity of 11.80%.

A number of brokerages recently commented on AAXN. Craig Hallum downgraded shares of Axon Enterprise from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $55.00 to $62.00 in a research note on Wednesday, August 8th. They noted that the move was a valuation call. Raymond James began coverage on shares of Axon Enterprise in a research note on Friday, September 14th. They issued an “outperform” rating and a $79.00 price objective for the company. BidaskClub downgraded shares of Axon Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 31st. Robert W. Baird started coverage on shares of Axon Enterprise in a report on Friday, June 29th. They issued a “neutral” rating and a $68.00 price target on the stock. Finally, Zacks Investment Research lowered shares of Axon Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $62.64.

NASDAQ:AAXN traded down $3.39 during trading hours on Thursday, reaching $58.26. The company’s stock had a trading volume of 514,500 shares, compared to its average volume of 939,727. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 227.74, a price-to-earnings-growth ratio of 5.34 and a beta of 1.01. Axon Enterprise has a 12 month low of $20.57 and a 12 month high of $76.45.

In other news, Director Mark W. Kroll sold 3,100 shares of the business’s stock in a transaction 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 sale, the director now directly owns 55,135 shares of the company’s stock, valued at $1,259,834.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark W. Kroll sold 7,097 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $64.34, for a total transaction of $456,620.98. Following the sale, the director now directly owns 24,105 shares in the company, valued at $1,550,915.70. The disclosure for this sale can be found here. Insiders sold 37,197 shares of company stock worth $2,409,566 over the last ninety days. Corporate insiders own 3.50% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Axon Enterprise by 7.6% during the second quarter. BlackRock Inc. now owns 9,083,739 shares of the industrial products company’s stock valued at $573,912,000 after buying an additional 637,690 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Axon Enterprise by 4.2% during the second quarter. Northern Trust Corp now owns 707,874 shares of the industrial products company’s stock valued at $44,722,000 after buying an additional 28,324 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Axon Enterprise by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 632,901 shares of the industrial products company’s stock valued at $39,988,000 after buying an additional 21,039 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Axon Enterprise by 4.0% during the first quarter. Principal Financial Group Inc. now owns 411,971 shares of the industrial products company’s stock valued at $16,194,000 after buying an additional 16,022 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Axon Enterprise by 14.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 291,029 shares of the industrial products company’s stock valued at $18,388,000 after buying an additional 37,530 shares during the last quarter. 82.23% of the stock is currently owned by hedge funds and other institutional investors.

About Axon Enterprise

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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