Zacks: Brokerages Expect TASER International, Inc. (NASDAQ:AAXN) to Announce $0.04 EPS

Equities research analysts expect TASER International, Inc. (NASDAQ:AAXN) to report earnings of $0.04 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for TASER International’s earnings, with estimates ranging from $0.01 to $0.06. TASER International posted earnings of $0.07 per share during the same quarter last year, which indicates a negative year over year growth rate of 42.9%. The firm is expected to report its next earnings report on Thursday, August 3rd.

On average, analysts expect that TASER International will report full year earnings of $0.32 per share for the current year, with EPS estimates ranging from $0.24 to $0.43. For the next year, analysts expect that the company will post earnings of $0.57 per share, with EPS estimates ranging from $0.28 to $0.98. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for TASER International.

TASER International (NASDAQ:AAXN) last posted its earnings results on Tuesday, May 9th. The industrial products company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. TASER International had a net margin of 6.31% and a return on equity of 11.93%. The business had revenue of $79.20 million for the quarter, compared to the consensus estimate of $69.69 million. During the same period last year, the company earned $0.06 EPS. The firm’s revenue was up 42.7% compared to the same quarter last year.

A number of analysts have recently weighed in on AAXN shares. Craig Hallum increased their price objective on TASER International from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. Zacks Investment Research raised TASER International from a “sell” rating to a “hold” rating in a research note on Friday, May 12th. ValuEngine raised TASER International from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Imperial Capital reissued an “in-line” rating and set a $25.00 price objective on shares of TASER International in a research note on Thursday, April 6th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $29.33.

Several hedge funds have recently added to or reduced their stakes in the stock. Sapphire Star Partners LP bought a new stake in TASER International during the first quarter worth $201,000. Navellier & Associates Inc acquired a new position in shares of TASER International during the first quarter worth approximately $201,000. Municipal Employees Retirement System of Michigan acquired a new position in shares of TASER International during the first quarter worth approximately $273,000. Airain ltd acquired a new position in shares of TASER International during the first quarter worth approximately $386,000. Finally, Congress Asset Management Co. MA acquired a new position in shares of TASER International during the first quarter worth approximately $624,000. 78.98% of the stock is owned by hedge funds and other institutional investors.

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TASER International (AAXN) traded up 0.08% during midday trading on Tuesday, reaching $25.16. 194,351 shares of the company traded hands. The stock’s 50 day moving average is $25.01 and its 200 day moving average is $24.47. TASER International has a one year low of $21.18 and a one year high of $30.15. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 71.89 and a beta of 0.97.

About TASER International

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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