Analysts Anticipate TASER International, Inc. (AAXN) Will Post Quarterly Sales of $82.06 Million
Equities research analysts predict that TASER International, Inc. (NASDAQ:AAXN) will post $82.06 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for TASER International’s earnings, with estimates ranging from $80.56 million to $83.61 million. TASER International reported sales of $71.88 million during the same quarter last year, which indicates a positive year-over-year growth rate of 14.2%. The business is scheduled to report its next earnings results after the market closes on Tuesday, November 7th.
According to Zacks, analysts expect that TASER International will report full year sales of $82.06 million for the current financial year, with estimates ranging from $322.70 million to $333.43 million. For the next fiscal year, analysts anticipate that the company will post sales of $373.34 million per share, with estimates ranging from $355.30 million to $388.81 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow TASER International.
TASER International (NASDAQ:AAXN) last announced its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.04 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.04. TASER International had a net margin of 5.45% and a return on equity of 10.47%. The firm had revenue of $79.64 million during the quarter, compared to the consensus estimate of $74.46 million. During the same quarter last year, the firm earned $0.07 EPS. The firm’s revenue for the quarter was up 35.5% compared to the same quarter last year.
A number of research analysts recently commented on the stock. ValuEngine raised shares of TASER International from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research downgraded shares of TASER International from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $27.00.
Shares of TASER International (NASDAQ AAXN) traded down $0.37 during trading hours on Tuesday, hitting $22.85. 885,786 shares of the company were exchanged, compared to its average volume of 685,849. TASER International has a 1 year low of $21.18 and a 1 year high of $28.49. The company has a market cap of $1,230.00, a P/E ratio of 78.03, a price-to-earnings-growth ratio of 3.08 and a beta of 1.17.
A number of institutional investors have recently bought and sold shares of the stock. Comerica Bank purchased a new stake in TASER International in the 3rd quarter worth about $1,278,000. Rhumbline Advisers increased its position in shares of TASER International by 2.9% during the third quarter. Rhumbline Advisers now owns 110,436 shares of the industrial products company’s stock worth $2,504,000 after acquiring an additional 3,100 shares during the period. Municipal Employees Retirement System of Michigan increased its position in shares of TASER International by 58.7% during the third quarter. Municipal Employees Retirement System of Michigan now owns 19,780 shares of the industrial products company’s stock worth $448,000 after acquiring an additional 7,320 shares during the period. New York State Common Retirement Fund increased its position in shares of TASER International by 9.0% during the third quarter. New York State Common Retirement Fund now owns 338,918 shares of the industrial products company’s stock worth $7,683,000 after acquiring an additional 28,060 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in shares of TASER International by 29.8% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 140,137 shares of the industrial products company’s stock worth $3,177,000 after acquiring an additional 32,132 shares during the period. 96.24% of the stock is currently owned by institutional investors.
About TASER International
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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