$110.39 Million in Sales Expected for Axon Enterprise Inc (AAXN) This Quarter

Equities research analysts predict that Axon Enterprise Inc (NASDAQ:AAXN) will report sales of $110.39 million for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Axon Enterprise’s earnings. The lowest sales estimate is $109.00 million and the highest is $114.25 million. Axon Enterprise posted sales of $101.22 million during the same quarter last year, which suggests a positive year over year growth rate of 9.1%. The business is scheduled to announce its next earnings results after the market closes on Thursday, May 9th.

On average, analysts expect that Axon Enterprise will report full-year sales of $486.56 million for the current year, with estimates ranging from $484.76 million to $490.10 million. For the next year, analysts expect that the company will report sales of $573.20 million, with estimates ranging from $557.78 million to $591.04 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Axon Enterprise.

Axon Enterprise (NASDAQ:AAXN) last posted its earnings results on Tuesday, February 26th. The industrial products company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.03). The business had revenue of $114.79 million during the quarter, compared to the consensus estimate of $104.03 million. Axon Enterprise had a net margin of 6.95% and a return on equity of 7.43%. The business’s revenue was up 21.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 EPS.

A number of research firms recently weighed in on AAXN. TheStreet raised shares of Axon Enterprise from a “c+” rating to a “b-” rating in a research note on Monday, April 15th. Raymond James raised shares of Axon Enterprise from an “outperform” rating to a “strong-buy” rating in a research note on Monday, April 8th. Northland Securities reaffirmed a “buy” rating and set a $70.00 price objective on shares of Axon Enterprise in a research note on Wednesday, February 27th. Dougherty & Co raised shares of Axon Enterprise from a “neutral” rating to a “buy” rating and set a $67.00 price objective on the stock in a research note on Friday, April 5th. Finally, BidaskClub raised shares of Axon Enterprise from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 22nd. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. Axon Enterprise currently has a consensus rating of “Buy” and a consensus price target of $68.25.

In related news, Director Richard H. Carmona sold 23,810 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $47.76, for a total value of $1,137,165.60. Following the transaction, the director now directly owns 94,457 shares of the company’s stock, valued at approximately $4,511,266.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Patrick W. Smith sold 31,735 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $52.00, for a total value of $1,650,220.00. Following the completion of the transaction, the chief executive officer now directly owns 758,197 shares in the company, valued at $39,426,244. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 119,057 shares of company stock valued at $6,131,430. 2.40% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Axon Enterprise by 1.5% in the fourth quarter. BlackRock Inc. now owns 9,878,397 shares of the industrial products company’s stock valued at $432,180,000 after acquiring an additional 150,189 shares during the period. Vanguard Group Inc. raised its position in Axon Enterprise by 3.9% in the third quarter. Vanguard Group Inc. now owns 6,322,470 shares of the industrial products company’s stock worth $432,647,000 after purchasing an additional 238,066 shares in the last quarter. Vanguard Group Inc raised its position in Axon Enterprise by 3.9% in the third quarter. Vanguard Group Inc now owns 6,322,470 shares of the industrial products company’s stock worth $432,647,000 after purchasing an additional 238,066 shares in the last quarter. Villere ST Denis J & Co. LLC raised its position in Axon Enterprise by 25.7% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 1,395,144 shares of the industrial products company’s stock worth $61,037,000 after purchasing an additional 284,945 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Axon Enterprise by 116.2% in the fourth quarter. Victory Capital Management Inc. now owns 797,232 shares of the industrial products company’s stock worth $34,879,000 after purchasing an additional 428,547 shares in the last quarter. 79.76% of the stock is currently owned by institutional investors.

NASDAQ AAXN traded down $1.68 on Wednesday, reaching $59.82. The company’s stock had a trading volume of 398,789 shares, compared to its average volume of 595,551. The stock has a market cap of $3.54 billion, a P/E ratio of 119.64, a PEG ratio of 4.50 and a beta of 0.89. Axon Enterprise has a 52 week low of $39.43 and a 52 week high of $76.45.

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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