Brokerages Anticipate TASER International, Inc. (AAXN) Will Post Quarterly Sales of $82.06 Million
Brokerages expect TASER International, Inc. (NASDAQ:AAXN) to post sales of $82.06 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for TASER International’s earnings. The highest sales estimate is $83.61 million and the lowest is $80.56 million. TASER International posted sales of $71.88 million in the same quarter last year, which suggests a positive year-over-year growth rate of 14.2%. The business is expected to announce its next quarterly earnings report on Wednesday, November 8th.
On average, analysts expect that TASER International will report full year sales of $82.06 million for the current year, with estimates ranging from $322.70 million to $333.43 million. For the next fiscal year, analysts forecast that the business will post sales of $373.34 million per share, with estimates ranging from $355.30 million to $388.81 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms 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 earnings per share for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $79.64 million during the quarter, compared to analyst estimates of $74.46 million. TASER International had a net margin of 5.45% and a return on equity of 10.47%. The business’s quarterly revenue was up 35.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 EPS.
AAXN has been the subject of a number of research analyst reports. Zacks Investment Research upgraded TASER International from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. ValuEngine upgraded TASER International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. TASER International presently has a consensus rating of “Hold” and an average price target of $27.50.
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Shares of TASER International (NASDAQ AAXN) opened at 23.90 on Thursday. TASER International has a one year low of $21.18 and a one year high of $28.49. The company has a 50-day moving average of $23.02 and a 200 day moving average of $23.95. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 74.69 and a beta of 0.98.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC acquired a new position in shares of TASER International in the 2nd quarter valued at about $198,826,000. BlackRock Inc. acquired a new position in shares of TASER International in the 2nd quarter valued at about $189,870,000. Vanguard Group Inc. acquired a new position in shares of TASER International in the 2nd quarter valued at about $92,258,000. Villere ST Denis J & Co. LLC acquired a new position in shares of TASER International in the 2nd quarter valued at about $87,861,000. Finally, Abdiel Capital Advisors LP acquired a new position in shares of TASER International in the 2nd quarter valued at about $73,860,000. 96.05% of the stock is currently owned by institutional investors and hedge funds.
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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