Analysts Expect Axon Enterprise Inc (AAXN) to Post $0.13 EPS

Brokerages expect Axon Enterprise Inc (NASDAQ:AAXN) to announce earnings per share of $0.13 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for Axon Enterprise’s earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.09. Axon Enterprise reported earnings of $0.18 per share in the same quarter last year, which would suggest a negative year over year growth rate of 27.8%. The company is scheduled to issue its next earnings report on Tuesday, February 26th.

On average, analysts expect that Axon Enterprise will report full-year earnings of $0.76 per share for the current fiscal year, with EPS estimates ranging from $0.68 to $0.81. For the next fiscal year, analysts anticipate that the business will post earnings of $0.92 per share, with EPS estimates ranging from $0.78 to $1.06. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Axon Enterprise.

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

A number of research analysts have recently commented on AAXN shares. Imperial Capital upgraded Axon Enterprise from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $50.00 to $62.00 in a report on Wednesday, August 8th. Zacks Investment Research downgraded Axon Enterprise from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. TheStreet downgraded Axon Enterprise from a “b-” rating to a “c” rating in a report on Thursday, August 9th. LADENBURG THALM/SH SH downgraded Axon Enterprise from a “buy” rating to a “neutral” rating and set a $77.00 price objective on the stock. in a report on Monday, October 15th. Finally, Dougherty & Co downgraded Axon Enterprise from a “buy” rating to a “neutral” rating in a report on Monday, August 6th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $64.82.

In related news, Director Michael Garnreiter sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $68.00, for a total value of $68,000.00. Following the completion of the sale, the director now directly owns 38,261 shares of the company’s stock, valued at approximately $2,601,748. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mark W. Kroll sold 3,100 shares of the company’s stock in a transaction dated Sunday, December 16th. The shares were sold at an average price of $22.85, for a total value of $70,835.00. Following the completion of the sale, the director now directly owns 55,135 shares of the company’s stock, valued at $1,259,834.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,197 shares of company stock valued at $2,471,656. Insiders own 3.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in AAXN. Millennium Management LLC boosted its position in shares of Axon Enterprise by 264.5% in the 1st quarter. Millennium Management LLC now owns 51,903 shares of the industrial products company’s stock valued at $2,040,000 after purchasing an additional 37,662 shares during the period. Legal & General Group Plc lifted its position in Axon Enterprise by 10.7% during the 1st quarter. Legal & General Group Plc now owns 110,352 shares of the industrial products company’s stock worth $4,286,000 after acquiring an additional 10,627 shares during the period. Royal Bank of Canada lifted its position in Axon Enterprise by 434.0% during the 1st quarter. Royal Bank of Canada now owns 22,108 shares of the industrial products company’s stock worth $869,000 after acquiring an additional 17,968 shares during the period. Principal Financial Group Inc. lifted its position in Axon Enterprise by 4.0% during the 1st quarter. Principal Financial Group Inc. now owns 411,971 shares of the industrial products company’s stock worth $16,194,000 after acquiring an additional 16,022 shares during the period. Finally, Allianz Asset Management GmbH lifted its position in Axon Enterprise by 2.8% during the 1st quarter. Allianz Asset Management GmbH now owns 160,730 shares of the industrial products company’s stock worth $6,318,000 after acquiring an additional 4,315 shares during the period. 81.80% of the stock is owned by hedge funds and other institutional investors.

Shares of AAXN traded up $1.59 during mid-day trading on Monday, reaching $52.25. The company’s stock had a trading volume of 1,057,671 shares, compared to its average volume of 702,940. Axon Enterprise has a 12-month low of $20.81 and a 12-month high of $76.45. The company has a market cap of $2.96 billion, a P/E ratio of 193.52, a PEG ratio of 3.95 and a beta of 1.00.

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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