Research Analysts Issue Forecasts for Axon Enterprise Inc’s FY2020 Earnings (AAXN)

Axon Enterprise Inc (NASDAQ:AAXN) – Stock analysts at Imperial Capital issued their FY2020 earnings estimates for Axon Enterprise in a research note issued on Tuesday. Imperial Capital analyst J. Kessler expects that the industrial products company will post earnings per share of $0.94 for the year. Imperial Capital currently has a “In-Line” rating and a $38.00 target price on the stock.

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Axon Enterprise (NASDAQ:AAXN) last released its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.21. Axon Enterprise had a net margin of 1.59% and a return on equity of 8.17%. The company had revenue of $94.65 million during the quarter, compared to analysts’ expectations of $87.88 million.

A number of other equities research analysts have also recently issued reports on AAXN. BidaskClub cut shares of Axon Enterprise from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. JPMorgan Chase & Co. upped their price target on shares of Axon Enterprise from $28.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, December 21st. Zacks Investment Research upgraded shares of Axon Enterprise from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 17th. Ladenburg Thalmann Financial Services upgraded shares of Axon Enterprise from a “neutral” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Wednesday, February 28th. Finally, Craig Hallum set a $37.00 target price on shares of Axon Enterprise and gave the company a “buy” rating in a research note on Wednesday, February 28th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $38.00.

AAXN stock traded down $0.65 during mid-day trading on Wednesday, reaching $37.90. 765,143 shares of the company’s stock were exchanged, compared to its average volume of 975,124. Axon Enterprise has a one year low of $20.57 and a one year high of $40.49. The company has a market capitalization of $2,057.73, a PE ratio of 389.10, a price-to-earnings-growth ratio of 3.98 and a beta of 0.88.

In related news, President Luke Larson sold 36,105 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $36.62, for a total value of $1,322,165.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Joshua Isner sold 9,301 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $36.34, for a total transaction of $337,998.34. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada bought a new position in Axon Enterprise during the second quarter worth about $200,000. First Trust Advisors LP lifted its stake in Axon Enterprise by 126.1% during the third quarter. First Trust Advisors LP now owns 45,374 shares of the industrial products company’s stock worth $1,029,000 after purchasing an additional 25,310 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in Axon Enterprise by 20.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 23,022 shares of the industrial products company’s stock worth $522,000 after purchasing an additional 3,986 shares during the period. Crossmark Global Holdings Inc. bought a new position in Axon Enterprise during the third quarter worth about $417,000. Finally, Victory Capital Management Inc. lifted its stake in Axon Enterprise by 58.0% during the third quarter. Victory Capital Management Inc. now owns 8,507 shares of the industrial products company’s stock worth $193,000 after purchasing an additional 3,124 shares during the period. Institutional investors and hedge funds own 95.87% of the company’s stock.

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About Axon Enterprise

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.

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

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