Analysts Expect Axon Enterprise Inc (NASDAQ:AAXN) Will Announce Earnings of $0.16 Per Share

Analysts forecast that Axon Enterprise Inc (NASDAQ:AAXN) will report $0.16 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Axon Enterprise’s earnings. The lowest EPS estimate is $0.09 and the highest is $0.23. Axon Enterprise posted earnings per share of $0.14 in the same quarter last year, which indicates a positive year over year growth rate of 14.3%. The firm is expected to report its next quarterly earnings report on Thursday, August 13th.

According to Zacks, analysts expect that Axon Enterprise will report full-year earnings of $1.17 per share for the current year, with EPS estimates ranging from $0.91 to $1.28. For the next fiscal year, analysts anticipate that the business will report earnings of $1.36 per share, with EPS estimates ranging from $0.80 to $1.78. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Axon Enterprise.

Axon Enterprise (NASDAQ:AAXN) last released its quarterly earnings results on Thursday, May 7th. The industrial products company reported $0.40 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.51. The business had revenue of $147.16 million during the quarter, compared to analysts’ expectations of $131.92 million. Axon Enterprise had a negative return on equity of 0.28% and a negative net margin of 0.26%. The firm’s revenue for the quarter was up 27.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS.

A number of brokerages have recently commented on AAXN. Needham & Company LLC began coverage on Axon Enterprise in a report on Tuesday, May 19th. They issued a “buy” rating and a $90.00 target price for the company. Robert W. Baird lifted their target price on Axon Enterprise from $90.00 to $112.00 and gave the stock an “outperform” rating in a report on Friday, June 12th. JMP Securities lifted their target price on Axon Enterprise from $93.00 to $102.00 and gave the stock a “market outperform” rating in a report on Monday, May 11th. JPMorgan Chase & Co. lifted their target price on Axon Enterprise from $90.00 to $120.00 in a report on Wednesday, June 10th. Finally, Zacks Investment Research upgraded Axon Enterprise from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a report on Tuesday, May 19th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $92.43.

NASDAQ AAXN traded down $0.39 during trading on Monday, hitting $95.67. 29,898 shares of the stock traded hands, compared to its average volume of 2,172,379. The company has a market capitalization of $5.75 billion, a P/E ratio of -3,163.33 and a beta of 0.73. The firm has a 50-day simple moving average of $85.56 and a 200-day simple moving average of $76.68. Axon Enterprise has a 12-month low of $49.80 and a 12-month high of $104.90.

In other news, President Luke Larson sold 17,416 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $84.21, for a total value of $1,466,601.36. Following the completion of the transaction, the president now directly owns 46,594 shares of the company’s stock, valued at approximately $3,923,680.74. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Jawad A. Ahsan sold 5,000 shares of the business’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $65.76, for a total value of $328,800.00. Following the completion of the transaction, the chief financial officer now directly owns 85,376 shares of the company’s stock, valued at $5,614,325.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,983 shares of company stock valued at $5,681,666. 1.90% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Axon Enterprise during the 4th quarter valued at about $45,746,000. Morgan Stanley boosted its stake in shares of Axon Enterprise by 167.5% during the 1st quarter. Morgan Stanley now owns 628,002 shares of the industrial products company’s stock worth $44,443,000 after acquiring an additional 393,252 shares in the last quarter. Granahan Investment Management Inc. MA boosted its stake in shares of Axon Enterprise by 50.7% during the 1st quarter. Granahan Investment Management Inc. MA now owns 1,027,045 shares of the industrial products company’s stock worth $72,684,000 after acquiring an additional 345,744 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Axon Enterprise by 13.0% during the 4th quarter. Janus Henderson Group PLC now owns 2,600,214 shares of the industrial products company’s stock worth $190,544,000 after acquiring an additional 299,281 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Axon Enterprise by 120.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 455,202 shares of the industrial products company’s stock worth $33,357,000 after acquiring an additional 248,267 shares in the last quarter. 86.13% of the stock is owned by hedge funds and other institutional investors.

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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