Analysts expect Axon Enterprise Inc (NASDAQ:AAXN) to report sales of $87.88 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Axon Enterprise’s earnings. The lowest sales estimate is $86.06 million and the highest is $89.70 million. Axon Enterprise reported sales of $82.08 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.1%. The company is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, February 27th.
On average, analysts expect that Axon Enterprise will report full-year sales of $87.88 million for the current year, with estimates ranging from $335.21 million to $338.90 million. For the next year, analysts forecast that the business will post sales of $395.39 million per share, with estimates ranging from $390.70 million to $400.07 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Axon Enterprise.
Several equities analysts recently issued reports on AAXN shares. Zacks Investment Research upgraded Axon Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Tuesday, October 31st. Dougherty & Co reduced their price objective on Axon Enterprise from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Oppenheimer restated a “hold” rating on shares of Axon Enterprise in a research note on Wednesday, November 8th. BidaskClub cut Axon Enterprise from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, JPMorgan Chase & Co. raised their price objective on Axon Enterprise from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, December 21st. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Axon Enterprise has a consensus rating of “Hold” and an average target price of $29.20.
Hedge funds have recently bought and sold shares of the business. Verition Fund Management LLC bought a new stake in Axon Enterprise in the second quarter valued at $369,000. Teachers Retirement System of The State of Kentucky bought a new stake in Axon Enterprise in the second quarter valued at $425,000. Perpetual Ltd bought a new stake in Axon Enterprise in the second quarter valued at $4,053,000. Janus Henderson Group PLC lifted its stake in Axon Enterprise by 0.7% in the third quarter. Janus Henderson Group PLC now owns 1,663,788 shares of the industrial products company’s stock valued at $37,718,000 after buying an additional 11,433 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in Axon Enterprise in the second quarter valued at $44,048,000. Institutional investors 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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