Zacks: Brokerages Anticipate Axon Enterprise Inc (AAXN) Will Announce Earnings of $0.04 Per Share

Equities analysts forecast that Axon Enterprise Inc (NASDAQ:AAXN) will post earnings per share (EPS) of $0.04 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Axon Enterprise’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.06. Axon Enterprise reported earnings per share of $0.07 in the same quarter last year, which suggests a negative year-over-year growth rate of 42.9%. The company is expected to issue its next earnings results on Tuesday, May 8th.

On average, analysts expect that Axon Enterprise will report full-year earnings of $0.39 per share for the current financial year, with EPS estimates ranging from $0.30 to $0.43. For the next year, analysts anticipate that the firm will post earnings of $0.68 per share, with EPS estimates ranging from $0.65 to $0.70. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Axon Enterprise.

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Axon Enterprise (NASDAQ:AAXN) last posted its quarterly earnings data on Tuesday, February 27th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $94.65 million for the quarter, compared to the consensus estimate of $87.88 million.

Several research firms have recently issued reports on AAXN. Zacks Investment Research upgraded shares of Axon Enterprise from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective on the stock in a report on Friday, March 2nd. CL King downgraded shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a report on Friday, March 16th. They noted that the move was a valuation call. BidaskClub downgraded shares of Axon Enterprise from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 6th. Northland Securities began coverage on shares of Axon Enterprise in a report on Thursday, March 29th. They set an “outperform” rating on the stock. Finally, Imperial Capital restated an “in-line” rating and set a $38.00 price objective (up previously from $25.00) on shares of Axon Enterprise in a report on Tuesday, March 20th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $38.00.

In related news, President Luke Larson sold 36,105 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $36.62, for a total value of $1,322,165.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CRO Joshua Isner sold 9,301 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $36.34, for a total value of $337,998.34. The disclosure for this sale can be found here. 3.90% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in Axon Enterprise by 3.8% in the fourth quarter. BlackRock Inc. now owns 8,539,258 shares of the industrial products company’s stock valued at $226,289,000 after buying an additional 313,954 shares during the last quarter. Villere ST Denis J & Co. LLC boosted its position in Axon Enterprise by 1.2% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 3,524,302 shares of the industrial products company’s stock valued at $93,394,000 after buying an additional 41,565 shares during the last quarter. Abdiel Capital Advisors LP boosted its position in Axon Enterprise by 106.9% in the fourth quarter. Abdiel Capital Advisors LP now owns 3,092,945 shares of the industrial products company’s stock valued at $81,963,000 after buying an additional 1,598,360 shares during the last quarter. Janus Henderson Group PLC boosted its position in Axon Enterprise by 0.7% in the third quarter. Janus Henderson Group PLC now owns 1,663,788 shares of the industrial products company’s stock valued at $37,718,000 after buying an additional 11,433 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC boosted its position in Axon Enterprise by 62.7% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,000,627 shares of the industrial products company’s stock valued at $26,517,000 after buying an additional 385,793 shares during the last quarter. Hedge funds and other institutional investors own 95.87% of the company’s stock.

Shares of AAXN traded down $1.02 during mid-day trading on Thursday, hitting $41.84. 967,239 shares of the company traded hands, compared to its average volume of 869,328. Axon Enterprise has a 1-year low of $20.57 and a 1-year high of $43.16. The company has a market cap of $2,230.36, a P/E ratio of 154.96, a price-to-earnings-growth ratio of 4.34 and a beta of 0.78.

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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.

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

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