-$0.03 EPS Expected for Axon Enterprise Inc (AAXN) This Quarter

Equities research analysts expect Axon Enterprise Inc (NASDAQ:AAXN) to announce earnings per share (EPS) of ($0.03) for the current quarter, Zacks reports. Two analysts have provided estimates for Axon Enterprise’s earnings, with estimates ranging from ($0.05) to ($0.01). Axon Enterprise reported earnings of $0.12 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 125%. The business is scheduled to announce its next earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that Axon Enterprise will report full year earnings of $0.15 per share for the current financial year, with EPS estimates ranging from $0.08 to $0.29. For the next financial year, analysts forecast that the business will report earnings of $0.28 per share, with EPS estimates ranging from $0.08 to $0.59. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Axon Enterprise.

Several equities research analysts have weighed in on the company. Oppenheimer reissued a “hold” rating on shares of Axon Enterprise in a research note on Wednesday, November 8th. BidaskClub cut Axon Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research cut Axon Enterprise from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. JPMorgan Chase & Co. boosted their price objective on Axon Enterprise from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, December 21st. Finally, Dougherty & Co reduced their price objective on Axon Enterprise from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $29.20.

Shares of Axon Enterprise (NASDAQ:AAXN) opened at $25.61 on Tuesday. Axon Enterprise has a 52 week low of $20.57 and a 52 week high of $28.17. The firm has a market capitalization of $1,337.64, a P/E ratio of 98.50, a price-to-earnings-growth ratio of 3.61 and a beta of 1.23.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cortina Asset Management LLC grew its stake in shares of Axon Enterprise by 9.7% during the fourth quarter. Cortina Asset Management LLC now owns 357,224 shares of the industrial products company’s stock valued at $9,466,000 after buying an additional 31,543 shares during the last quarter. Abdiel Capital Advisors LP grew its stake in shares of Axon Enterprise by 106.9% during 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. UBS Asset Management Americas Inc. grew its stake in shares of Axon Enterprise by 83.9% during the fourth quarter. UBS Asset Management Americas Inc. now owns 27,577 shares of the industrial products company’s stock valued at $731,000 after buying an additional 12,579 shares during the last quarter. BlackRock Inc. grew its stake in shares of Axon Enterprise by 3.8% during 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. Finally, Bank of New York Mellon Corp grew its stake in shares of Axon Enterprise by 23.1% during the fourth quarter. Bank of New York Mellon Corp now owns 692,639 shares of the industrial products company’s stock valued at $18,354,000 after buying an additional 129,980 shares during the last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

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Axon Enterprise 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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