Wall Street brokerages expect that Axon Enterprise Inc (NASDAQ:AAXN) will post earnings per share (EPS) of $0.12 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Axon Enterprise’s earnings. The lowest EPS estimate is $0.08 and the highest is $0.15. Axon Enterprise reported earnings per share of $0.01 during the same quarter last year, which would suggest a positive year-over-year growth rate of 1,100%. The company is expected to report its next quarterly earnings report on Tuesday, November 6th.

On average, analysts expect that Axon Enterprise will report full-year earnings of $0.74 per share for the current financial year, with EPS estimates ranging from $0.68 to $0.77. For the next year, analysts expect that the firm will post earnings of $0.90 per share, with EPS estimates ranging from $0.78 to $1.02. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover Axon Enterprise.

Axon Enterprise (NASDAQ:AAXN) last announced its earnings results on Tuesday, August 7th. The industrial products company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.04 by $0.11. Axon Enterprise had a return on equity of 11.80% and a net margin of 5.35%. The company had revenue of $99.23 million for the quarter, compared to analyst estimates of $95.74 million.

Several research analysts have issued reports on AAXN shares. Imperial Capital upgraded Axon Enterprise from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $50.00 to $62.00 in a report on Wednesday, August 8th. Zacks Investment Research lowered Axon Enterprise from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. TheStreet lowered Axon Enterprise from a “b-” rating to a “c” rating in a report on Thursday, August 9th. BidaskClub lowered Axon Enterprise from a “strong-buy” rating to a “buy” rating in a report on Monday, June 18th. Finally, Dougherty & Co lowered Axon Enterprise from a “buy” rating to a “neutral” rating in a report on Monday, August 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $61.00.

Shares of Axon Enterprise stock traded up $0.17 on Friday, hitting $70.46. 528,041 shares of the company’s stock traded hands, compared to its average volume of 996,650. Axon Enterprise has a one year low of $20.57 and a one year high of $76.45. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 260.96, a PEG ratio of 5.32 and a beta of 1.10.

In other news, Director Mark W. Kroll sold 7,097 shares of the stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $64.34, for a total value of $456,620.98. Following the completion of the sale, the director now directly owns 24,105 shares of the company’s stock, valued at $1,550,915.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Julie A. Cullivan sold 2,100 shares of the stock in a transaction that occurred on Thursday, July 19th. The stock was sold at an average price of $72.79, for a total value of $152,859.00. Following the completion of the sale, the director now directly owns 6,779 shares of the company’s stock, valued at $493,443.41. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,297 shares of company stock worth $2,493,815. Corporate insiders own 3.90% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Axon Enterprise by 7.6% in the second quarter. BlackRock Inc. now owns 9,083,739 shares of the industrial products company’s stock worth $573,912,000 after purchasing an additional 637,690 shares during the last quarter. Northern Trust Corp raised its stake in shares of Axon Enterprise by 0.7% in the first quarter. Northern Trust Corp now owns 679,550 shares of the industrial products company’s stock worth $26,713,000 after purchasing an additional 4,712 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Axon Enterprise by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 632,901 shares of the industrial products company’s stock worth $39,988,000 after purchasing an additional 21,039 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Axon Enterprise by 4.0% in the first quarter. Principal Financial Group Inc. now owns 411,971 shares of the industrial products company’s stock worth $16,194,000 after purchasing an additional 16,022 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Axon Enterprise by 14.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 291,029 shares of the industrial products company’s stock worth $18,388,000 after purchasing an additional 37,530 shares during the last quarter. 82.24% of the stock is owned by hedge funds and other institutional investors.

Axon Enterprise Company Profile

Axon Enterprise, Inc develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. The company operates through two segments, TASER Weapons, and Software and Sensors. It offers TASER X26P and TASER X2 smart weapons for law enforcement; consumer CEWs; and replacement cartridges and consumables, as well as performance power magazines.

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Earnings History and Estimates for Axon Enterprise (NASDAQ:AAXN)

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