FY2016 EPS Estimates for Taser International Inc. Raised by Craig Hallum (TASR)
Taser International Inc. (NASDAQ:TASR) – Analysts at Craig Hallum raised their FY2016 earnings estimates for Taser International in a research report issued on Thursday. Craig Hallum analyst S. Dyer now expects that the brokerage will post earnings per share of $0.31 for the year, up from their prior forecast of $0.25. 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 Q4 2016 earnings at $0.10 EPS, Q3 2017 earnings at $0.14 EPS and FY2017 earnings at $0.49 EPS.
TASR has been the topic of a number of other research reports. Vetr raised shares of Taser International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 12th. Oppenheimer Holdings Inc. reaffirmed a “” rating on shares of Taser International in a report on Friday, October 7th. Imperial Capital began coverage on shares of Taser International in a report on Friday, October 14th. They issued an “outperform” rating and a $27.00 price target on the stock. Ladenburg Thalmann downgraded shares of Taser International from a “buy” rating to a “neutral” rating in a report on Monday, October 3rd. Finally, Zacks Investment Research downgraded shares of Taser International from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $28.50.
Taser International (NASDAQ:TASR) opened at 27.18 on Monday. The stock has a market cap of $1.42 billion, a PE ratio of 93.72 and a beta of 0.32. Taser International has a 52-week low of $13.56 and a 52-week high of $30.15. The company’s 50 day moving average is $24.00 and its 200-day moving average is $24.65.
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.
Several institutional investors have recently bought and sold shares of the stock. Cortina Asset Management LLC bought a new position in shares of Taser International during the second quarter valued at approximately $6,813,000. Private Trust Co. NA bought a new position in shares of Taser International during the second quarter valued at approximately $211,000. Kennedy Capital Management Inc. bought a new position in shares of Taser International during the first quarter valued at approximately $2,503,000. Capital Fund Management S.A. raised its position in shares of Taser International by 49.1% in the second quarter. Capital Fund Management S.A. now owns 83,377 shares of the company’s stock valued at $2,074,000 after buying an additional 27,451 shares during the period. Finally, HighPoint Advisor Group LLC raised its position in shares of Taser International by 7.8% in the second quarter. HighPoint Advisor Group LLC now owns 10,668 shares of the company’s stock valued at $306,000 after buying an additional 768 shares during the period. 69.34% of the stock is owned by institutional investors and hedge funds.
About Taser International
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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