TASER International, Inc. (NASDAQ:AAXN) Releases Earnings Results, Hits Expectations
TASER International, Inc. (NASDAQ:AAXN) posted its quarterly earnings data on Tuesday. The industrial products company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04, Briefing.com reports. TASER International had a return on equity of 11.93% and a net margin of 6.31%. The business had revenue of $79.64 million for the quarter, compared to analyst estimates of $74.46 million. During the same quarter in the prior year, the company earned $0.07 earnings per share. The company’s revenue was up 35.5% on a year-over-year basis.
TASER International (AAXN) traded down 9.05% during trading on Wednesday, reaching $23.02. The company had a trading volume of 2,671,120 shares. TASER International has a 52-week low of $21.18 and a 52-week high of $29.80. The stock has a 50 day moving average price of $25.35 and a 200-day moving average price of $24.61. The company has a market capitalization of $1.21 billion, a PE ratio of 65.58 and a beta of 0.96.
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AAXN has been the topic of a number of recent research reports. Craig Hallum upped their price objective on TASER International from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. ValuEngine raised TASER International from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research raised TASER International from a “sell” rating to a “hold” rating in a report on Friday, May 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $27.33.
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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