Analysts Expect Axon Enterprise Inc (AAXN) Will Post Earnings of $0.16 Per Share

Equities analysts predict that Axon Enterprise Inc (NASDAQ:AAXN) will report earnings per share of $0.16 for the current quarter, according to Zacks. Eight analysts have made estimates for Axon Enterprise’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.13. Axon Enterprise posted earnings of $0.18 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 11.1%. The business is expected to issue its next earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that Axon Enterprise will report full-year earnings of $0.98 per share for the current financial year, with EPS estimates ranging from $0.73 to $1.08. For the next fiscal year, analysts anticipate that the company will post earnings of $1.34 per share, with EPS estimates ranging from $1.04 to $1.66. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Axon Enterprise.

Axon Enterprise (NASDAQ:AAXN) last issued its earnings results on Thursday, May 9th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.04. Axon Enterprise had a net margin of 5.22% and a return on equity of 4.93%. The business had revenue of $115.81 million during the quarter, compared to the consensus estimate of $110.67 million. During the same period last year, the business posted $0.29 EPS. Axon Enterprise’s revenue was up 14.4% on a year-over-year basis.

A number of equities research analysts have issued reports on the stock. TheStreet raised shares of Axon Enterprise from a “c+” rating to a “b-” rating in a research report on Monday, April 15th. Zacks Investment Research raised shares of Axon Enterprise from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Tuesday, May 14th. Dougherty & Co raised shares of Axon Enterprise from a “neutral” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Friday, April 5th. Northcoast Research raised shares of Axon Enterprise from a “neutral” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Tuesday, March 19th. Finally, BidaskClub lowered shares of Axon Enterprise from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 9th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $70.08.

AAXN stock traded down $0.03 during mid-day trading on Thursday, hitting $67.97. 300,399 shares of the company were exchanged, compared to its average volume of 624,795. The company has a market capitalization of $4.00 billion, a PE ratio of 135.44, a price-to-earnings-growth ratio of 4.82 and a beta of 0.89. Axon Enterprise has a 1-year low of $39.43 and a 1-year high of $76.45.

In related news, President Luke Larson sold 15,383 shares of Axon Enterprise stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $67.11, for a total transaction of $1,032,353.13. Following the completion of the transaction, the president now directly owns 56,774 shares of the company’s stock, valued at approximately $3,810,103.14. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard H. Carmona sold 23,810 shares of Axon Enterprise stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $47.76, for a total transaction of $1,137,165.60. Following the transaction, the director now directly owns 94,457 shares of the company’s stock, valued at $4,511,266.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,993 shares of company stock valued at $8,061,049. 2.30% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Rhumbline Advisers raised its holdings in Axon Enterprise by 21.9% in the fourth quarter. Rhumbline Advisers now owns 168,675 shares of the industrial products company’s stock worth $7,380,000 after buying an additional 30,280 shares during the last quarter. First Allied Advisory Services Inc. raised its holdings in Axon Enterprise by 12.4% in the fourth quarter. First Allied Advisory Services Inc. now owns 7,701 shares of the industrial products company’s stock worth $338,000 after buying an additional 850 shares during the last quarter. Baillie Gifford & Co. purchased a new position in Axon Enterprise in the fourth quarter worth about $16,653,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Axon Enterprise by 14.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,854 shares of the industrial products company’s stock worth $169,000 after buying an additional 491 shares during the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new position in Axon Enterprise in the fourth quarter worth about $179,000. 80.16% of the stock is owned by institutional investors and hedge funds.

Axon Enterprise Company Profile

Axon Enterprise, Inc develops, manufactures, and sells conducted energy weapons (CEWs) worldwide. The company operates through two segments, TASER and Software and Sensors. It offers TASER X26P, TASER X2, TASER 7, and TASER Pulse and Bolt CEWs; and related cartridges. The company also provides on-officer body cameras and Axon Fleet in-car video systems; and Axon Evidence connected software network; Axon Records cloud-based records management system; Axon Signal enabled devices; and computer-aided dispatch software, as well as Axon docks, cartridges, and batteries.

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

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