TASER International, Inc. (AAXN) Expected to Announce Earnings of $0.06 Per Share
Analysts expect TASER International, Inc. (NASDAQ:AAXN) to post earnings per share of $0.06 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for TASER International’s earnings, with the highest EPS estimate coming in at $0.09 and the lowest estimate coming in at $0.05. TASER International posted earnings of $0.07 per share during the same quarter last year, which would indicate a negative year over year growth rate of 14.3%. The firm is scheduled to announce its next earnings report on Wednesday, November 8th.
According to Zacks, analysts expect that TASER International will report full-year earnings of $0.30 per share for the current financial year, with EPS estimates ranging from $0.27 to $0.40. For the next financial year, analysts expect that the business will report earnings of $0.53 per share, with EPS estimates ranging from $0.28 to $0.82. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow TASER International.
TASER International (NASDAQ:AAXN) last released its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. The company had revenue of $79.64 million during the quarter, compared to the consensus estimate of $74.46 million. TASER International had a return on equity of 10.47% and a net margin of 5.45%. The firm’s revenue was up 35.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 EPS.
A number of research firms recently commented on AAXN. Zacks Investment Research cut TASER International from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. ValuEngine cut TASER International from a “hold” rating to a “sell” rating in a report on Thursday, May 18th. Finally, Craig Hallum boosted their price target on TASER International from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. TASER International has an average rating of “Hold” and an average price target of $27.33.
Hedge funds have recently modified their holdings of the stock. Capstone Asset Management Co. bought a new position in TASER International during the second quarter worth about $434,000. Granahan Investment Management Inc. MA acquired a new stake in TASER International during the first quarter worth $9,850,000. New York State Teachers Retirement System acquired a new stake in TASER International during the first quarter worth $1,289,000. Geode Capital Management LLC acquired a new stake in TASER International during the first quarter worth $9,803,000. Finally, Marshall Wace LLP acquired a new stake in TASER International during the first quarter worth $3,201,000. 80.26% of the stock is currently owned by institutional investors and hedge funds.
TASER International (NASDAQ AAXN) traded down 2.48% during mid-day trading on Tuesday, hitting $21.63. The stock had a trading volume of 755,585 shares. The company has a market capitalization of $1.14 billion, a P/E ratio of 67.59 and a beta of 0.96. The stock’s 50-day moving average is $24.82 and its 200 day moving average is $24.52. TASER International has a 52 week low of $21.18 and a 52 week high of $29.68.
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TASER International 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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