TASER International, Inc. to Post FY2018 Earnings of $0.21 Per Share, Oppenheimer Holdings Forecasts (AAXN)
TASER International, Inc. (NASDAQ:AAXN) – Investment analysts at Oppenheimer Holdings cut their FY2018 earnings per share estimates for TASER International in a research note issued on Wednesday. Oppenheimer Holdings analyst A. Uerkwitz now expects that the industrial products company will earn $0.21 per share for the year, down from their prior estimate of $0.28. Oppenheimer Holdings has a “Hold” rating on the stock.
TASER International (NASDAQ:AAXN) last issued its earnings results on Tuesday, November 7th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $90.26 million for the quarter, compared to the consensus estimate of $82.89 million. TASER International had a net margin of 4.32% and a return on equity of 7.91%. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period last year, the business posted $0.07 EPS.
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AAXN has been the topic of several other research reports. Dougherty & Co decreased their target price on TASER International from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday. ValuEngine raised TASER International from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research downgraded TASER International from a “buy” rating to a “hold” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $28.50.
Shares of TASER International (AAXN) traded down $0.37 on Thursday, reaching $21.16. The company had a trading volume of 622,369 shares, compared to its average volume of 798,564. The company has a market cap of $1,120.00, a P/E ratio of 89.29, a PEG ratio of 2.82 and a beta of 1.17. TASER International has a 52 week low of $20.57 and a 52 week high of $28.49.
A number of large investors have recently added to or reduced their stakes in the business. FMR LLC bought a new stake in TASER International in the 2nd quarter worth approximately $198,826,000. BlackRock Inc. bought a new stake in TASER International in the 2nd quarter worth approximately $189,870,000. Vanguard Group Inc. bought a new stake in TASER International in the 2nd quarter worth approximately $92,258,000. Villere ST Denis J & Co. LLC bought a new stake in TASER International in the 2nd quarter worth approximately $87,861,000. Finally, Abdiel Capital Advisors LP bought a new stake in TASER International in the 2nd quarter worth approximately $73,860,000. 96.24% of the stock is currently owned by institutional investors and hedge funds.
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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