Axon Enterprise Inc (NASDAQ:AAXN) – Research analysts at Imperial Capital issued their Q1 2018 earnings per share (EPS) estimates for shares of Axon Enterprise in a research note issued on Tuesday. Imperial Capital analyst J. Kessler forecasts that the industrial products company will earn $0.05 per share for the quarter. Imperial Capital currently has a “line” rating and a $38.00 target price on the stock. Imperial Capital also issued estimates for Axon Enterprise’s Q2 2018 earnings at $0.08 EPS, Q3 2018 earnings at $0.12 EPS, Q4 2018 earnings at $0.16 EPS, FY2018 earnings at $0.41 EPS, Q1 2019 earnings at $0.11 EPS, Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.19 EPS, Q4 2019 earnings at $0.23 EPS and FY2019 earnings at $0.68 EPS.

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Axon Enterprise (NASDAQ:AAXN) last released its earnings results on Tuesday, February 27th. The industrial products company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.21. The company had revenue of $94.65 million during the quarter, compared to analysts’ expectations of $87.88 million. Axon Enterprise had a return on equity of 8.17% and a net margin of 1.59%.

A number of other research firms have also recently commented on AAXN. Zacks Investment Research upgraded Axon Enterprise from a “hold” rating to a “strong-buy” rating and set a $43.00 target price for the company in a research note on Friday, March 2nd. CL King cut Axon Enterprise from a “buy” rating to a “neutral” rating in a research note on Friday, March 16th. They noted that the move was a valuation call. BidaskClub cut Axon Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 6th. Sidoti cut Axon Enterprise from a “buy” rating to a “neutral” rating and set a $40.00 target price for the company. in a research note on Monday, March 5th. They noted that the move was a valuation call. Finally, Dougherty & Co restated a “buy” rating and issued a $36.00 target price (up previously from $33.00) on shares of Axon Enterprise in a research note on Wednesday, February 28th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $38.00.

Axon Enterprise stock opened at $38.80 on Thursday. The company has a market capitalization of $2,034.40, a P/E ratio of 388.00, a PEG ratio of 4.00 and a beta of 0.88. Axon Enterprise has a one year low of $20.57 and a one year high of $40.49.

In other Axon Enterprise news, President Luke Larson sold 36,105 shares of Axon Enterprise stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $36.62, for a total transaction of $1,322,165.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Joshua Isner sold 9,301 shares of Axon Enterprise stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $36.34, for a total value of $337,998.34. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of AAXN. Victory Capital Management Inc. increased its holdings in shares of Axon Enterprise by 58.0% in the 3rd quarter. Victory Capital Management Inc. now owns 8,507 shares of the industrial products company’s stock worth $193,000 after purchasing an additional 3,124 shares in the last quarter. Royal Bank of Canada bought a new stake in shares of Axon Enterprise in the 2nd quarter worth $200,000. Amalgamated Bank bought a new stake in shares of Axon Enterprise in the 4th quarter worth $203,000. Miles Capital Inc. bought a new stake in shares of Axon Enterprise in the 4th quarter worth $214,000. Finally, Stevens Capital Management LP bought a new stake in shares of Axon Enterprise in the 3rd quarter worth $215,000. 95.87% of the stock is owned by institutional investors and hedge funds.

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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.

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

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