Analysts expect that TASER International, Inc. (NASDAQ:AAXN) will post sales of $82.06 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for TASER International’s earnings, with the lowest sales estimate coming in at $80.56 million and the highest estimate coming in at $83.61 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 scheduled to report its next 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 financial year, analysts forecast that the firm 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 calculations are a mean average based on a survey of sell-side analysts that follow 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, hitting analysts’ consensus estimates of $0.04. The business had revenue of $79.64 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 EPS.

A number of brokerages recently commented on AAXN. Zacks Investment Research raised TASER International from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. ValuEngine raised TASER International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $27.50.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan increased its position in shares of TASER International by 4.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 12,460 shares of the industrial products company’s stock valued at $313,000 after acquiring an additional 500 shares during the last quarter. Parallel Advisors LLC increased its position in shares of TASER International by 13.5% during the second quarter. Parallel Advisors LLC now owns 4,200 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 500 shares during the last quarter. FNY Partners Fund LP increased its position in shares of TASER International by 25.0% during the second quarter. FNY Partners Fund LP now owns 5,000 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 1,000 shares during the last quarter. Bridge City Capital LLC increased its position in shares of TASER International by 8.7% during the third quarter. Bridge City Capital LLC now owns 30,257 shares of the industrial products company’s stock valued at $686,000 after acquiring an additional 2,423 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of TASER International by 58.0% during the third quarter. Victory Capital Management Inc. now owns 8,507 shares of the industrial products company’s stock valued at $193,000 after acquiring an additional 3,124 shares during the last quarter. 96.29% of the stock is owned by institutional investors.

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TASER International (NASDAQ AAXN) opened at 22.87 on Tuesday. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 71.47 and a beta of 0.98. The company’s 50 day moving average price is $23.13 and its 200-day moving average price is $23.96. TASER International has a 12-month low of $21.18 and a 12-month high of $28.49.

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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Earnings History and Estimates for TASER International (NASDAQ:AAXN)

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