Brokerages Expect Axon Enterprise Inc (AAXN) to Post $0.16 Earnings Per Share

Equities research analysts expect Axon Enterprise Inc (NASDAQ:AAXN) to post earnings of $0.16 per share for the current quarter, according to Zacks. Eight analysts have made estimates for Axon Enterprise’s earnings, with estimates ranging from $0.12 to $0.20. Axon Enterprise posted earnings of $0.18 per share in the same quarter last year, which would indicate a negative year over year growth rate of 11.1%. The business is expected to report its next earnings report on Tuesday, August 6th.

According to Zacks, analysts expect that Axon Enterprise will report full year earnings of $0.93 per share for the current fiscal year, with EPS estimates ranging from $0.69 to $1.06. For the next year, analysts expect that the firm will report earnings of $1.33 per share, with EPS estimates ranging from $1.04 to $1.63. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Axon Enterprise.

Axon Enterprise (NASDAQ:AAXN) last issued its quarterly earnings results on Thursday, May 9th. The industrial products company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Axon Enterprise had a net margin of 5.22% and a return on equity of 4.99%. The firm had revenue of $115.81 million during the quarter, compared to the consensus estimate of $110.67 million. During the same period in the prior year, the firm earned $0.29 EPS. The business’s revenue was up 14.4% on a year-over-year basis.



A number of analysts have weighed in on AAXN shares. ValuEngine raised shares of Axon Enterprise from a “buy” rating to a “strong-buy” rating in a report on Monday, February 4th. Northcoast Research raised shares of Axon Enterprise from a “neutral” rating to a “buy” rating and set a $63.00 target price for the company in a report on Tuesday, March 19th. Dougherty & Co raised shares of Axon Enterprise from a “neutral” rating to a “buy” rating and set a $67.00 target price for the company in a report on Friday, April 5th. Raymond James raised shares of Axon Enterprise from an “outperform” rating to a “strong-buy” rating in a report on Monday, April 8th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Axon Enterprise in a research note on Wednesday, February 27th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $70.08.

Axon Enterprise stock traded up $1.57 during mid-day trading on Tuesday, reaching $66.33. The company had a trading volume of 1,035,570 shares, compared to its average volume of 613,426. Axon Enterprise has a 52 week low of $39.43 and a 52 week high of $76.45. The company has a market cap of $3.72 billion, a PE ratio of 132.66, a price-to-earnings-growth ratio of 4.94 and a beta of 0.94.

In other Axon Enterprise news, CRO Joshua Isner sold 6,223 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $51.60, for a total transaction of $321,106.80. Following the completion of the sale, the executive now owns 42,625 shares of the company’s stock, valued at approximately $2,199,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Luke Larson sold 36,295 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $51.59, for a total transaction of $1,872,459.05. Following the sale, the president now directly owns 103,110 shares of the company’s stock, valued at approximately $5,319,444.90. The disclosure for this sale can be found here. Insiders sold 120,057 shares of company stock valued at $6,195,260 in the last ninety days. 2.30% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Freestone Capital Holdings LLC acquired a new stake in Axon Enterprise during the 1st quarter valued at approximately $5,446,000. Flagship Harbor Advisors LLC increased its position in Axon Enterprise by 324.1% during the 1st quarter. Flagship Harbor Advisors LLC now owns 564 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 431 shares during the period. PNC Financial Services Group Inc. increased its position in Axon Enterprise by 14.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,440 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 311 shares during the period. Stephens Inc. AR increased its position in Axon Enterprise by 201.1% during the 1st quarter. Stephens Inc. AR now owns 2,845 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 1,900 shares during the period. Finally, Great Lakes Advisors LLC acquired a new stake in Axon Enterprise during the 3rd quarter valued at approximately $236,000. 82.21% of the stock is owned by institutional investors and hedge funds.

Axon Enterprise Company Profile

Axon Enterprise, Inc develops, manufactures, and sells conducted energy weapons (CEWs) worldwide. The company operates through two segments, TASER and Software and Sensors. It offers TASER X26P, TASER X2, TASER 7, and TASER Pulse and Bolt CEWs; and related cartridges. The company also provides on-officer body cameras and Axon Fleet in-car video systems; and Axon Evidence connected software network; Axon Records cloud-based records management system; Axon Signal enabled devices; and computer-aided dispatch software, as well as Axon docks, cartridges, and batteries.

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

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