Wall Street analysts forecast that TASER International, Inc. (NASDAQ:AAXN) will post $82.06 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for TASER International’s earnings. The lowest sales estimate is $80.56 million and the highest is $83.61 million. TASER International posted sales of $71.88 million during the same quarter last year, which suggests a positive year over year growth rate of 14.2%. The company is expected to issue its next quarterly earnings report after the market closes on Tuesday, November 7th.
On average, analysts expect that TASER International will report full year sales of $82.06 million for the current year, with estimates ranging from $322.70 million to $333.43 million. For the next fiscal year, analysts expect that the business will report sales of $373.34 million per share, with estimates ranging from $355.30 million to $388.81 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for TASER International.
TASER International (NASDAQ:AAXN) last issued its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. The business had revenue of $79.64 million during the quarter, compared to the consensus estimate of $74.46 million. TASER International had a net margin of 5.45% and a return on equity of 10.47%. The company’s quarterly revenue was up 35.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 earnings per share.
AAXN has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of TASER International from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. ValuEngine upgraded shares of TASER International from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. TASER International presently has a consensus rating of “Hold” and a consensus target price of $27.00.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in AAXN. Municipal Employees Retirement System of Michigan lifted its position in shares of TASER International by 4.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 12,460 shares of the industrial products company’s stock worth $313,000 after purchasing an additional 500 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of TASER International by 13.5% during the second quarter. Parallel Advisors LLC now owns 4,200 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 500 shares in the last quarter. FNY Partners Fund LP lifted its position in shares of TASER International by 25.0% during the second quarter. FNY Partners Fund LP now owns 5,000 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 1,000 shares in the last quarter. Bridge City Capital LLC lifted its position in shares of TASER International by 8.7% during the third quarter. Bridge City Capital LLC now owns 30,257 shares of the industrial products company’s stock worth $686,000 after purchasing an additional 2,423 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of TASER International 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 in the last quarter. Institutional investors own 96.29% of the company’s stock.
Shares of TASER International (NASDAQ AAXN) traded up $0.22 during midday trading on Tuesday, hitting $23.25. 39,072 shares of the stock were exchanged, compared to its average volume of 784,445. The firm has a market cap of $1,240.53, a PE ratio of 78.27 and a beta of 1.17.
About TASER International
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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