Wall Street analysts expect TASER International, Inc. (NASDAQ:AAXN) to report earnings per share of $0.05 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for TASER International’s earnings. The highest EPS estimate is $0.06 and the lowest is $0.05. TASER International reported earnings of $0.07 per share in the same quarter last year, which indicates a negative year over year growth rate of 28.6%. The business is scheduled to issue its next earnings results on Wednesday, November 8th.
On average, analysts expect that TASER International will report full year earnings of $0.30 per share for the current year, with EPS estimates ranging from $0.27 to $0.43. For the next financial year, analysts anticipate that the business will report earnings of $0.51 per share, with EPS estimates ranging from $0.28 to $0.82. Zacks’ EPS averages are a mean average based on a survey of research firms that cover TASER International.
TASER International (NASDAQ:AAXN) last posted its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. The business had revenue of $79.64 million during the quarter, compared to analyst estimates of $74.46 million. TASER International had a net margin of 5.45% and a return on equity of 10.47%. The company’s revenue was up 35.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 earnings per share.
A number of equities analysts have recently commented on AAXN shares. ValuEngine raised shares of TASER International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of TASER International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $27.50.
Several hedge funds have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan increased its stake in shares of TASER International by 4.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 12,460 shares of the industrial products company’s stock valued at $313,000 after acquiring an additional 500 shares during the last quarter. Parallel Advisors LLC grew its position in shares of TASER International by 13.5% in the 2nd quarter. Parallel Advisors LLC now owns 4,200 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 500 shares during the period. FNY Partners Fund LP grew its position in shares of TASER International by 25.0% in the 2nd quarter. FNY Partners Fund LP now owns 5,000 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 1,000 shares during the period. PNC Financial Services Group Inc. acquired a new position in shares of TASER International in the 2nd quarter valued at approximately $102,000. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of TASER International in the 2nd quarter valued at approximately $113,000. 96.05% of the stock is owned by institutional investors.
Shares of TASER International (AAXN) traded up 0.78% during trading on Tuesday, reaching $24.64. 122,360 shares of the company traded hands. The firm has a market capitalization of $1.30 billion, a PE ratio of 77.00 and a beta of 0.98. TASER International has a 12 month low of $21.18 and a 12 month high of $28.49. The firm has a 50-day moving average price of $23.02 and a 200-day moving average price of $23.95.
TASER International 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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