$0.05 EPS Expected for TASER International, Inc. (AAXN) This Quarter
Brokerages predict that TASER International, Inc. (NASDAQ:AAXN) will report earnings of $0.05 per share for the current quarter, according to Zacks. Three analysts have made estimates for TASER International’s earnings, with the highest EPS estimate coming in at $0.06 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 suggest a negative year over year growth rate of 28.6%. The firm is expected to announce its next earnings results 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 fiscal year, with EPS estimates ranging from $0.27 to $0.43. For the next fiscal year, analysts expect that the business will report earnings of $0.51 per share, with EPS estimates ranging from $0.28 to $0.82. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for TASER International.
TASER International (NASDAQ:AAXN) last posted its earnings results on Tuesday, August 8th. The industrial products company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. TASER International had a return on equity of 10.47% and a net margin of 5.45%. The firm had revenue of $79.64 million for the quarter, compared to analysts’ expectations of $74.46 million. During the same period last year, the firm earned $0.07 EPS. The firm’s revenue was up 35.5% compared to the same quarter last year.
AAXN has been the topic of several recent analyst reports. ValuEngine raised TASER International from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research raised TASER International from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $27.50.
A number of hedge funds have recently bought and sold shares of the stock. Eqis Capital Management Inc. raised its position in TASER International by 31.5% in the 3rd quarter. Eqis Capital Management Inc. now owns 63,506 shares of the industrial products company’s stock worth $1,440,000 after purchasing an additional 15,196 shares during the last quarter. Perpetual Ltd bought a new position in TASER International in the 2nd quarter worth approximately $4,053,000. Ashford Capital Management Inc. bought a new position in TASER International in the 2nd quarter worth approximately $5,488,000. Verition Fund Management LLC bought a new position in TASER International in the 2nd quarter worth approximately $369,000. Finally, Piedmont Investment Advisors LLC bought a new position in TASER International in the 2nd quarter worth approximately $287,000. Hedge funds and other institutional investors own 96.05% of the company’s stock.
TASER International (AAXN) traded up 1.10% during mid-day trading on Tuesday, reaching $23.82. The company had a trading volume of 507,581 shares. TASER International has a 52-week low of $21.18 and a 52-week high of $28.49. The company’s 50 day moving average is $23.02 and its 200 day moving average is $23.95. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 74.44 and a beta of 0.98.
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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