Analysts Expect Axon Enterprise Inc (AAXN) Will Post Earnings of -$0.03 Per Share

Wall Street analysts expect Axon Enterprise Inc (NASDAQ:AAXN) to post earnings of ($0.03) per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Axon Enterprise’s earnings. The highest EPS estimate is ($0.01) and the lowest is ($0.05). Axon Enterprise posted earnings per share of $0.12 in the same quarter last year, which would indicate a negative year-over-year growth rate of 125%. The company is scheduled to announce its next quarterly earnings results on Tuesday, February 27th.

On average, analysts expect that Axon Enterprise will report full year earnings of $0.15 per share for the current year, with EPS estimates ranging from $0.08 to $0.29. For the next fiscal year, analysts anticipate that the business will report earnings of $0.28 per share, with EPS estimates ranging from $0.08 to $0.59. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that cover Axon Enterprise.

A number of research firms have weighed in on AAXN. Oppenheimer reissued a “hold” rating on shares of Axon Enterprise in a research note on Wednesday, November 8th. BidaskClub lowered shares of Axon Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research lowered shares of Axon Enterprise from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. JPMorgan Chase & Co. raised their price target on shares of Axon Enterprise from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, December 21st. Finally, Dougherty & Co cut their price target on shares of Axon Enterprise from $36.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Axon Enterprise currently has an average rating of “Hold” and an average target price of $29.20.

Axon Enterprise (AAXN) opened at $25.61 on Tuesday. Axon Enterprise has a 12 month low of $20.57 and a 12 month high of $28.17. The firm has a market cap of $1,337.64, a P/E ratio of 98.50, a price-to-earnings-growth ratio of 3.61 and a beta of 1.23.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Verition Fund Management LLC acquired a new stake in shares of Axon Enterprise during the 2nd quarter worth approximately $369,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Axon Enterprise during the 2nd quarter worth approximately $425,000. Perpetual Ltd acquired a new stake in shares of Axon Enterprise during the 2nd quarter worth approximately $4,053,000. Janus Henderson Group PLC increased its holdings in shares of Axon Enterprise by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 1,663,788 shares of the industrial products company’s stock worth $37,718,000 after buying an additional 11,433 shares during the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Axon Enterprise during the 2nd quarter worth approximately $44,048,000. Institutional investors and hedge funds own 95.45% of the company’s stock.

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About Axon Enterprise

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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