Brokerages expect Axon Enterprise Inc (NASDAQ:AAXN) to post earnings per share of $0.35 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Axon Enterprise’s earnings, with estimates ranging from $0.20 to $0.39. The company is scheduled to issue its next earnings results on Tuesday, February 25th.
On average, analysts expect that Axon Enterprise will report full year earnings of $0.95 per share for the current financial year, with EPS estimates ranging from $0.65 to $1.04. For the next year, analysts forecast that the business will post earnings of $1.27 per share, with EPS estimates ranging from $0.95 to $1.61. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Axon Enterprise.
Axon Enterprise (NASDAQ:AAXN) last announced its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.02. The business had revenue of $130.84 million for the quarter, compared to analyst estimates of $122.72 million. Axon Enterprise had a return on equity of 3.19% and a net margin of 3.34%. Axon Enterprise’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 EPS.
In other news, Director Julie A. Cullivan sold 1,360 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $57.86, for a total transaction of $78,689.60. Following the completion of the sale, the director now directly owns 7,815 shares in the company, valued at $452,175.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.30% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. FMR LLC raised its stake in Axon Enterprise by 25,672.5% in the first quarter. FMR LLC now owns 135,821 shares of the industrial products company’s stock worth $7,390,000 after buying an additional 135,294 shares in the last quarter. Retirement Systems of Alabama bought a new position in Axon Enterprise in the second quarter worth about $5,287,000. Alpine Global Management LLC bought a new position in Axon Enterprise in the second quarter worth about $1,371,000. Oregon Public Employees Retirement Fund raised its stake in Axon Enterprise by 21.0% in the second quarter. Oregon Public Employees Retirement Fund now owns 27,393 shares of the industrial products company’s stock worth $1,759,000 after buying an additional 4,756 shares in the last quarter. Finally, Quad Cities Investment Group LLC raised its stake in Axon Enterprise by 400.0% in the second quarter. Quad Cities Investment Group LLC now owns 500 shares of the industrial products company’s stock worth $32,000 after buying an additional 400 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.
Shares of AAXN stock opened at $65.29 on Wednesday. The stock’s fifty day simple moving average is $54.97 and its 200 day simple moving average is $62.58. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 130.58, a P/E/G ratio of 7.37 and a beta of 0.62. Axon Enterprise has a one year low of $39.43 and a one year high of $74.93.
About Axon Enterprise
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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