Oppenheimer Holdings Comments on Taser International Inc.’s FY2016 Earnings (TASR)
Taser International Inc. (NASDAQ:TASR) – Equities researchers at Oppenheimer Holdings increased their FY2016 earnings per share estimates for shares of Taser International in a report released on Wednesday. Oppenheimer Holdings analyst A. Uerkwitz now expects that the firm will earn $0.32 per share for the year, up from their previous forecast of $0.22. Oppenheimer Holdings currently has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for Taser International’s Q4 2016 earnings at $0.12 EPS.
TASR has been the subject of several other reports. Craig Hallum lifted their price objective on shares of Taser International from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, November 10th. Vetr raised shares of Taser International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 12th. Ladenburg Thalmann lowered shares of Taser International from a “buy” rating to a “neutral” rating in a research note on Monday, October 3rd. Imperial Capital assumed coverage on shares of Taser International in a research note on Friday, October 14th. They set an “outperform” rating and a $27.00 price objective for the company. Finally, Zacks Investment Research lowered shares of Taser International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Taser International has an average rating of “Buy” and a consensus price target of $28.50.
Shares of Taser International (NASDAQ:TASR) opened at 27.51 on Monday. The stock has a market capitalization of $1.44 billion, a P/E ratio of 94.86 and a beta of 0.32. The stock has a 50 day moving average of $23.99 and a 200-day moving average of $24.81. Taser International has a 52-week low of $13.56 and a 52-week high of $30.15.
Taser International (NASDAQ:TASR) last released its earnings results 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 had revenue of $71.90 million for 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 company’s revenue was up 42.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 EPS.
Several hedge funds have recently added to or reduced their stakes in TASR. United Services Automobile Association increased its stake 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 during the last quarter. California State Teachers Retirement System increased its stake 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 during the last quarter. SG Americas Securities LLC purchased a new stake in Taser International during the third quarter valued at $393,000. Ameriprise Financial Inc. increased its stake 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 during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake 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 during 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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