Wall Street brokerages predict that Axon Enterprise Inc (NASDAQ:AAXN) will announce $0.26 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Axon Enterprise’s earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.32. Axon Enterprise posted earnings per share of $0.20 during the same quarter last year, which suggests a positive year-over-year growth rate of 30%. The company is scheduled to report its next quarterly earnings report on Tuesday, November 5th.
On average, analysts expect that Axon Enterprise will report full year earnings of $0.95 per share for the current financial year, with EPS estimates ranging from $0.65 to $1.04. For the next year, analysts expect that the business will report earnings of $1.27 per share, with EPS estimates ranging from $0.95 to $1.61. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Axon Enterprise.
Axon Enterprise (NASDAQ:AAXN) last released its quarterly earnings data on Thursday, August 8th. The industrial products company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.05). The company had revenue of $112.36 million during the quarter, compared to the consensus estimate of $115.41 million. Axon Enterprise had a net margin of 3.34% and a return on equity of 3.19%. The business’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 EPS.
Shares of NASDAQ:AAXN traded down $1.20 during mid-day trading on Monday, hitting $50.55. The company had a trading volume of 1,012,841 shares, compared to its average volume of 673,543. The firm has a fifty day moving average price of $58.66 and a 200 day moving average price of $63.15. The company has a market capitalization of $3.07 billion, a PE ratio of 101.10, a price-to-earnings-growth ratio of 6.76 and a beta of 0.69. Axon Enterprise has a one year low of $39.43 and a one year high of $74.93.
In other Axon Enterprise news, Director Julie A. Cullivan sold 1,360 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $57.86, for a total transaction of $78,689.60. Following the completion of the sale, the director now owns 7,815 shares in the company, valued at approximately $452,175.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Stephens Investment Management Group LLC increased its stake in Axon Enterprise by 4.5% during the 3rd quarter. Stephens Investment Management Group LLC now owns 768,530 shares of the industrial products company’s stock valued at $43,637,000 after purchasing an additional 33,256 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Axon Enterprise by 18.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,893 shares of the industrial products company’s stock worth $221,000 after acquiring an additional 601 shares during the last quarter. Genesee Capital Advisors LLC boosted its holdings in Axon Enterprise by 10.4% during the 3rd quarter. Genesee Capital Advisors LLC now owns 22,647 shares of the industrial products company’s stock worth $1,285,000 after acquiring an additional 2,133 shares during the last quarter. Pacer Advisors Inc. purchased a new position in Axon Enterprise during the 3rd quarter worth $1,209,000. Finally, Perpetual Ltd boosted its holdings in Axon Enterprise by 5.9% during the 3rd quarter. Perpetual Ltd now owns 12,623 shares of the industrial products company’s stock worth $717,000 after acquiring an additional 700 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.
About Axon Enterprise
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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