Zacks: Analysts Expect Taser International Inc (AAXN) Will Post Earnings of $0.03 Per Share
Equities analysts forecast that Taser International Inc (NASDAQ:AAXN) will announce earnings of $0.03 per share for the current quarter, Zacks reports. Five analysts have provided estimates for Taser International’s earnings. The highest EPS estimate is $0.05 and the lowest is $0.01. Taser International posted earnings of $0.06 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 50%. The company is scheduled to report its next earnings report on Wednesday, May 3rd.
According to Zacks, analysts expect that Taser International will report full-year earnings of $0.38 per share for the current fiscal year, with EPS estimates ranging from $0.31 to $0.45. For the next financial year, analysts forecast that the company will post earnings of $0.63 per share, with EPS estimates ranging from $0.46 to $0.93. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Taser International.
Taser International (NASDAQ:AAXN) last issued its quarterly earnings results on Tuesday, February 28th. The industrial products company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Taser International had a return on equity of 10.96% and a net margin of 6.63%. The company had revenue of $82.10 million for the quarter, compared to analyst estimates of $71.90 million. During the same quarter in the prior year, the company posted $0.09 EPS. The business’s revenue for the quarter was up 46.6% compared to the same quarter last year.
AAXN has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Taser International from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, December 28th. Imperial Capital reiterated an “in-line” rating and issued a $25.00 target price on shares of Taser International in a report on Thursday, April 6th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Taser International in a report on Thursday, March 2nd. Finally, Ladenburg Thalmann Financial Services reiterated a “neutral” rating on shares of Taser International in a report on Thursday, March 2nd. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $28.25.
Shares of Taser International (NASDAQ:AAXN) traded up 1.67% on Friday, hitting $23.69. The company’s stock had a trading volume of 988,780 shares. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 74.03 and a beta of 0.50. Taser International has a 52 week low of $17.18 and a 52 week high of $30.15. The stock’s 50 day moving average is $22.69 and its 200-day moving average is $24.42.
In other news, CFO Daniel Marc Behrendt sold 15,661 shares of the business’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $22.40, for a total transaction of $350,806.40. Following the transaction, the chief financial officer now owns 50,513 shares in the company, valued at approximately $1,131,491.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Joshua Isner sold 1,423 shares of the business’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $22.66, for a total transaction of $32,245.18. Following the transaction, the executive vice president now owns 42,657 shares in the company, valued at approximately $966,607.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,835 shares of company stock worth $1,063,222. Insiders own 3.70% of the company’s stock.
An institutional investor recently bought a new position in Taser International stock. Navellier & Associates Inc acquired a new stake in Taser International Inc (NASDAQ:AAXN) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,808 shares of the industrial products company’s stock, valued at approximately $201,000. Institutional investors and hedge funds own 76.34% of the company’s stock.
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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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