Equities Analysts Set Expectations for Taser International Inc.’s Q4 2016 Earnings (TASR)
Taser International Inc. (NASDAQ:TASR) – Analysts at Dougherty & Co increased their Q4 2016 earnings per share estimates for Taser International in a research note issued to investors on Friday. Dougherty & Co analyst J. Hamblin now anticipates that the brokerage will post earnings of $0.09 per share for the quarter, up from their previous estimate of $0.06. Dougherty & Co also issued estimates for Taser International’s Q1 2017 earnings at $0.05 EPS, Q2 2017 earnings at $0.05 EPS, FY2017 earnings at $0.27 EPS and FY2018 earnings at $0.51 EPS.
Other analysts have also issued reports about the stock. JPMorgan Chase & Co. set a $31.00 price target on shares of Taser International and gave the stock a “buy” rating in a research report on Friday, August 5th. Ladenburg Thalmann reaffirmed a “buy” rating and set a $31.00 price target (up from $28.00) on shares of Taser International in a research report on Friday, August 5th. Zacks Investment Research raised shares of Taser International from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Imperial Capital lowered shares of Taser International from an “outperform” rating to an “in-line” rating and set a $27.00 price target on the stock. in a research report on Friday. Finally, Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Taser International in a research report on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Taser International has an average rating of “Buy” and an average price target of $28.50.
Taser International (NASDAQ:TASR) opened at 27.51 on Monday. The stock’s 50 day moving average is $23.99 and its 200-day moving average is $24.81. The company has a market capitalization of $1.44 billion, a P/E ratio of 94.86 and a beta of 0.32. Taser International has a 12-month low of $13.56 and a 12-month high of $30.15.
Taser International (NASDAQ:TASR) last released its quarterly earnings data on Wednesday, November 9th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The company earned $71.90 million during the quarter, compared to the consensus estimate of $59 million. Taser International had a net margin of 6.63% and a return on equity of 10.96%. The firm’s revenue for the quarter was up 42.7% compared to the same quarter last year. During the same period last year, the firm earned $0.03 EPS.
Several institutional investors have recently added to or reduced their stakes in the stock. United Services Automobile Association increased its position in Taser International by 147.6% in the third quarter. United Services Automobile Association now owns 80,882 shares of the company’s stock valued at $2,314,000 after buying an additional 48,219 shares in the last quarter. California State Teachers Retirement System increased its position in Taser International by 0.9% in the third quarter. California State Teachers Retirement System now owns 110,496 shares of the company’s stock valued at $3,161,000 after buying an additional 1,000 shares in the last quarter. SG Americas Securities LLC bought a new position in Taser International during the third quarter valued at approximately $393,000. Ameriprise Financial Inc. increased its position in Taser International by 9.4% in the third quarter. Ameriprise Financial Inc. now owns 342,389 shares of the company’s stock valued at $9,795,000 after buying an additional 29,425 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in Taser International by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,670 shares of the company’s stock valued at $334,000 after buying an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.
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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