TASER International Trading 15.3% Higher Following Earnings Beat (TASR)
Shares of TASER International (NASDAQ:TASR) traded up 15.3% during trading on Wednesday following a better than expected earnings announcement, Stock Ratings News reports. The company traded as high as $13.57 and last traded at $13.26, with a volume of 2,880,524 shares trading hands. The stock had previously closed at $11.50.
The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $37.20 million for the quarter, compared to the consensus estimate of $37.50 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 15.6% on a year-over-year basis.
TASR has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of TASER International to a “hold” rating in a research note on Monday, July 14th. Separately, analysts at CRT Capital initiated coverage on shares of TASER International in a research note on Wednesday, May 14th. They set a “fair value” rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of TASER International from $20.00 to $18.50 in a research note on Friday, May 9th. They now have an “overweight” rating on the stock. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. TASER International presently has an average rating of “Hold” and an average target price of $18.70.
The stock has a 50-day moving average of $12.55 and a 200-day moving average of $15.64. The company has a market cap of $711.6 million and a price-to-earnings ratio of 33.82.
TASER International, Inc (NASDAQ:TASR) is engaged in development, manufacture and sale of electronic control devices (ECDs) designed for use in the law enforcement, military, corrections, private security and personal defense markets.
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