Axon Enterprise Inc (AAXN) Expected to Post Earnings of $0.11 Per Share

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Wall Street brokerages expect that Axon Enterprise Inc (NASDAQ:AAXN) will report $0.11 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Axon Enterprise’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.14. Axon Enterprise reported earnings of $0.18 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 38.9%. The business is scheduled to report its next earnings results on Tuesday, February 26th.

According to Zacks, analysts expect that Axon Enterprise will report full-year earnings of $0.80 per share for the current fiscal year, with EPS estimates ranging from $0.71 to $0.87. For the next financial year, analysts forecast that the company will report earnings of $0.91 per share, with EPS estimates ranging from $0.65 to $1.06. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Axon Enterprise.

Axon Enterprise (NASDAQ:AAXN) last released its earnings results on Tuesday, November 6th. The industrial products company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.05. The business had revenue of $104.84 million for the quarter, compared to analyst estimates of $103.06 million. Axon Enterprise had a net margin of 6.26% and a return on equity of 10.74%. The business’s revenue was up 16.1% on a year-over-year basis. During the same period last year, the company posted $0.01 EPS.

Several research analysts have recently weighed in on the company. CL King restated a “hold” rating on shares of Axon Enterprise in a report on Monday, October 22nd. Zacks Investment Research cut Axon Enterprise from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. LADENBURG THALM/SH SH cut Axon Enterprise from a “buy” rating to a “neutral” rating and set a $77.00 target price on the stock. in a report on Monday, October 15th. BidaskClub upgraded Axon Enterprise from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 10th. Finally, Northcoast Research assumed coverage on Axon Enterprise in a report on Tuesday, October 2nd. They set a “neutral” rating on the stock. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Axon Enterprise has an average rating of “Buy” and an average target price of $63.18.

In other news, Director Mark W. Kroll sold 3,100 shares of Axon Enterprise stock in a transaction that occurred on Sunday, December 16th. The shares were sold at an average price of $22.85, for a total transaction of $70,835.00. Following the sale, the director now owns 55,135 shares of the company’s stock, valued at approximately $1,259,834.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Patrick W. Smith sold 107,000 shares of Axon Enterprise stock in a transaction that occurred on Thursday, December 20th. The shares were sold at an average price of $42.27, for a total transaction of $4,522,890.00. Following the sale, the chief executive officer now directly owns 632,520 shares in the company, valued at approximately $26,736,620.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,100 shares of company stock worth $4,655,815. Corporate insiders own 2.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in AAXN. CENTRAL TRUST Co raised its position in Axon Enterprise by 3.4% in the fourth quarter. CENTRAL TRUST Co now owns 6,708 shares of the industrial products company’s stock valued at $294,000 after purchasing an additional 222 shares during the period. Vanguard Group Inc increased its position in shares of Axon Enterprise by 3.9% during the third quarter. Vanguard Group Inc now owns 6,322,470 shares of the industrial products company’s stock worth $432,647,000 after acquiring an additional 238,066 shares during the period. Marshall Wace LLP increased its position in shares of Axon Enterprise by 135.8% during the third quarter. Marshall Wace LLP now owns 65,882 shares of the industrial products company’s stock worth $4,508,000 after acquiring an additional 37,940 shares during the period. Great Lakes Advisors LLC purchased a new stake in shares of Axon Enterprise during the third quarter worth $236,000. Finally, Vanguard Group Inc. increased its position in shares of Axon Enterprise by 3.9% during the third quarter. Vanguard Group Inc. now owns 6,322,470 shares of the industrial products company’s stock worth $432,647,000 after acquiring an additional 238,066 shares during the period. 77.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Axon Enterprise stock traded down $0.03 on Friday, hitting $50.19. 398,500 shares of the company were exchanged, compared to its average volume of 632,454. The stock has a market cap of $2.92 billion, a P/E ratio of 185.89, a P/E/G ratio of 3.22 and a beta of 0.87. Axon Enterprise has a 1-year low of $24.50 and a 1-year high of $76.45.

Axon Enterprise Company Profile

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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