Q2 2018 EPS Estimates for TASER International, Inc. (AAXN) Cut by Imperial Capital
TASER International, Inc. (NASDAQ:AAXN) – Research analysts at Imperial Capital reduced their Q2 2018 earnings per share (EPS) estimates for shares of TASER International in a report released on Thursday. Imperial Capital analyst J. Kessler now forecasts that the industrial products company will post earnings per share of $0.01 for the quarter, down from their prior estimate of $0.02. Imperial Capital also issued estimates for TASER International’s Q1 2019 earnings at $0.13 EPS and Q2 2019 earnings at $0.04 EPS.
A number of other brokerages have also commented on AAXN. Craig Hallum boosted their price objective on shares of TASER International from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, May 10th. ValuEngine upgraded shares of TASER International from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of TASER International from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. TASER International presently has a consensus rating of “Hold” and a consensus target price of $27.33.
TASER International (NASDAQ:AAXN) traded down 2.32% on Friday, reaching $21.94. The company’s stock had a trading volume of 694,672 shares. The firm has a 50 day moving average price of $25.17 and a 200 day moving average price of $24.58. TASER International has a 52 week low of $21.18 and a 52 week high of $29.80. The stock has a market capitalization of $1.16 billion, a P/E ratio of 68.56 and a beta of 0.96.
TASER International (NASDAQ:AAXN) last released its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. TASER International had a return on equity of 10.47% and a net margin of 5.45%. The company had revenue of $79.64 million for the quarter, compared to analysts’ expectations of $74.46 million. During the same period in the prior year, the firm earned $0.07 earnings per share. The firm’s revenue was up 35.5% compared to the same quarter last year.
A number of large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. acquired a new stake in TASER International during the second quarter valued at $102,000. Parallel Advisors LLC raised its stake in TASER International by 13.5% in the second quarter. Parallel Advisors LLC now owns 4,200 shares of the industrial products company’s stock valued at $103,000 after buying an additional 500 shares during the period. SG Americas Securities LLC acquired a new stake in TASER International during the second quarter valued at $118,000. FNY Partners Fund LP raised its stake in TASER International by 25.0% in the second quarter. FNY Partners Fund LP now owns 5,000 shares of the industrial products company’s stock valued at $125,000 after buying an additional 1,000 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in TASER International during the second quarter valued at $135,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.
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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