Wall Street brokerages expect Taser International Inc (NASDAQ:AAXN) to announce earnings of $0.03 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Taser International’s earnings. The highest EPS estimate is $0.05 and the lowest is $0.01. Taser International posted earnings per share of $0.06 during the same quarter last year, which would suggest a negative year-over-year growth rate of 50%. The firm is expected to issue its next earnings report on Wednesday, May 3rd.
On average, analysts expect that Taser International will report full year earnings of $0.38 per share for the current fiscal year, with EPS estimates ranging from $0.31 to $0.45. For the next financial year, analysts anticipate that the firm will report earnings of $0.63 per share, with EPS estimates ranging from $0.46 to $0.93. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Taser International.
Taser International (NASDAQ:AAXN) last posted its earnings results on Tuesday, February 28th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The company earned $82.10 million during the quarter, compared to analysts’ expectations of $71.90 million. Taser International had a net margin of 6.63% and a return on equity of 10.96%. Taser International’s quarterly revenue was up 46.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.09 EPS.
Several research firms recently weighed in on AAXN. Zacks Investment Research upgraded shares of Taser International from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Wednesday, December 28th. Imperial Capital restated an “in-line” rating and issued a $25.00 price objective (down from $27.00) on shares of Taser International in a research report on Friday, March 3rd. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Taser International in a research report on Wednesday, February 22nd. Finally, Ladenburg Thalmann Financial Services restated a “neutral” rating on shares of Taser International in a research report on Thursday, March 2nd. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Taser International has a consensus rating of “Buy” and a consensus target price of $28.25.
Taser International (NASDAQ:AAXN) traded up 1.67% during trading on Friday, reaching $23.69. 988,780 shares of the company were exchanged. The firm’s 50 day moving average price is $22.69 and its 200-day moving average price is $24.42. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 74.03 and a beta of 0.50. Taser International has a one year low of $17.18 and a one year high of $30.15.
In other Taser International news, CFO Daniel Marc Behrendt sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $22.57, for a total transaction of $225,700.00. Following the transaction, the chief financial officer now directly owns 66,174 shares in the company, valued at $1,493,547.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joshua Isner sold 1,423 shares of the stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $22.66, for a total transaction of $32,245.18. Following the transaction, the executive vice president now owns 42,657 shares in the company, valued at $966,607.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,835 shares of company stock worth $1,063,222. 3.70% of the stock is owned by company insiders.
An institutional investor recently bought a new position in Taser International stock. Navellier & Associates Inc purchased a new position in shares of Taser International Inc (NASDAQ:AAXN) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,808 shares of the industrial products company’s stock, valued at approximately $201,000. 76.34% of the stock is currently owned by hedge funds and other institutional investors.
Taser International Company Profile
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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