Q1 2017 Earnings Estimate for Taser International Inc. (TASR) Issued By Craig Hallum
Taser International Inc. (NASDAQ:TASR) – Analysts at Craig Hallum issued their Q1 2017 earnings estimates for Taser International in a report released on Thursday. Craig Hallum analyst S. Dyer expects that the brokerage will earn $0.10 per share for the quarter. Craig Hallum currently has a “Buy” rating and a $35.00 target price on the stock. Craig Hallum also issued estimates for Taser International’s Q2 2017 earnings at $0.11 EPS and Q4 2017 earnings at $0.15 EPS.
Taser International (NASDAQ:TASR) last posted its quarterly earnings data on Wednesday, November 9th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. The firm earned $71.90 million during the quarter, compared to analysts’ expectations of $59 million. Taser International had a net margin of 6.63% and a return on equity of 10.96%. The firm’s quarterly revenue was up 42.7% on a year-over-year basis. During the same quarter last year, the company posted $0.03 EPS.
TASR has been the topic of a number of other research reports. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Taser International in a report on Friday. Vetr raised shares of Taser International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 12th. Ladenburg Thalmann downgraded shares of Taser International from a “buy” rating to a “neutral” rating in a report on Monday, October 3rd. Imperial Capital assumed coverage on shares of Taser International in a research report on Friday, October 14th. They set an “outperform” rating and a $27.00 target price for the company. Finally, Zacks Investment Research cut shares of Taser International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Taser International presently has an average rating of “Buy” and a consensus price target of $28.50.
Taser International (NASDAQ:TASR) opened at 27.18 on Friday. The stock has a market cap of $1.42 billion, a PE ratio of 93.72 and a beta of 0.32. The company’s 50 day moving average is $24.00 and its 200-day moving average is $24.65. Taser International has a 52-week low of $13.56 and a 52-week high of $30.15.
Several institutional investors have recently bought and sold shares of the stock. Columbia Wanger Asset Management LLC purchased a new position in Taser International during the second quarter worth $10,538,000. Cortina Asset Management LLC bought a new stake in Taser International during the second quarter worth about $6,813,000. Primecap Management Co. CA bought a new stake in Taser International during the second quarter worth about $5,656,000. Bank of New York Mellon Corp increased its stake in Taser International by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 2,270,332 shares of the company’s stock worth $56,485,000 after buying an additional 205,121 shares during the last quarter. Finally, Kennedy Capital Management Inc. bought a new stake in Taser International during the first quarter worth about $2,503,000. 69.34% of the stock is owned by institutional investors and hedge funds.
Taser International Company Profile
TASER International, Inc is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) designed for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. The Company is also engaged in development of connected wearable on-officer cameras, which utilize its cloud-based digital evidence management solution (Axon solution).
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