Zacks: Analysts Anticipate Axon Enterprise Inc (AAXN) to Announce $0.11 Earnings Per Share

Brokerages forecast that Axon Enterprise Inc (NASDAQ:AAXN) will announce earnings of $0.11 per share for the current quarter, according to Zacks. Eight analysts have issued estimates for Axon Enterprise’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.14. Axon Enterprise posted earnings per share of $0.18 during the same quarter last year, which suggests a negative year over year growth rate of 38.9%. The business is expected to report its next quarterly earnings report on Tuesday, February 26th.

According to Zacks, analysts expect that Axon Enterprise will report full year earnings of $0.80 per share for the current financial year, with EPS estimates ranging from $0.71 to $0.87. For the next year, analysts expect that the company will post earnings of $0.91 per share, with EPS estimates ranging from $0.65 to $1.06. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Axon Enterprise.

Axon Enterprise (NASDAQ:AAXN) last released its earnings results on Tuesday, November 6th. The industrial products company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. The company had revenue of $104.84 million for the quarter, compared to the consensus estimate of $103.06 million. Axon Enterprise had a net margin of 6.26% and a return on equity of 10.74%. Axon Enterprise’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.01 EPS.

Several analysts have recently commented on the stock. Craig Hallum downgraded shares of Axon Enterprise from a “buy” rating to a “hold” rating and upped their price objective for the company from $55.00 to $62.00 in a report on Wednesday, August 8th. They noted that the move was a valuation call. Raymond James assumed coverage on shares of Axon Enterprise in a report on Friday, September 14th. They issued an “outperform” rating and a $79.00 price objective on the stock. JPMorgan Chase & Co. raised shares of Axon Enterprise from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $66.00 to $68.00 in a report on Thursday, November 8th. LADENBURG THALM/SH SH reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Axon Enterprise in a report on Wednesday, August 8th. Finally, Northcoast Research assumed coverage on shares of Axon Enterprise in a report on Tuesday, October 2nd. They issued a “neutral” rating on the stock. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Axon Enterprise has a consensus rating of “Buy” and a consensus price target of $64.82.

In other news, CFO Jawad A. Ahsan bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The stock was purchased at an average cost of $49.73 per share, for a total transaction of $99,460.00. Following the purchase, the chief financial officer now directly owns 71,156 shares in the company, valued at approximately $3,538,587.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Douglas E. Klint sold 25,000 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $69.82, for a total transaction of $1,745,500.00. Following the completion of the transaction, the insider now owns 104,341 shares of the company’s stock, valued at $7,285,088.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,100 shares of company stock valued at $2,015,035. Company insiders own 3.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC lifted its stake in shares of Axon Enterprise by 1,515.0% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 1,615 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 1,515 shares during the period. First Mercantile Trust Co. lifted its stake in shares of Axon Enterprise by 100.0% in the 3rd quarter. First Mercantile Trust Co. now owns 2,400 shares of the industrial products company’s stock valued at $164,000 after purchasing an additional 1,200 shares during the period. Advisors Preferred LLC acquired a new position in shares of Axon Enterprise in the 2nd quarter valued at $175,000. Trexquant Investment LP acquired a new position in shares of Axon Enterprise in the 3rd quarter valued at $203,000. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Axon Enterprise in the 3rd quarter valued at $204,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Shares of AAXN stock traded up $1.71 during trading hours on Wednesday, hitting $45.18. The company’s stock had a trading volume of 1,533,314 shares, compared to its average volume of 920,706. The company has a market capitalization of $2.54 billion, a P/E ratio of 167.33, a price-to-earnings-growth ratio of 3.33 and a beta of 0.98. Axon Enterprise has a 12-month low of $23.85 and a 12-month high of $76.45.

Axon Enterprise Company Profile

Axon Enterprise, Inc develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. The company operates through two segments, TASER Weapons, and Software and Sensors. It offers TASER X26P and TASER X2 smart weapons for law enforcement; consumer CEWs; and replacement cartridges and consumables, as well as performance power magazines.

Further Reading: Conference Calls

Get a free copy of the Zacks research report on Axon Enterprise (AAXN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Axon Enterprise (NASDAQ:AAXN)

Receive News & Ratings for Axon Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axon Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply