Zacks: Brokerages Anticipate TASER International, Inc. (AAXN) Will Post Quarterly Sales of $82.06 Million

Analysts expect TASER International, Inc. (NASDAQ:AAXN) to post $82.06 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for TASER International’s earnings. The highest sales estimate is $83.61 million and the lowest is $80.56 million. TASER International posted sales of $71.88 million during the same quarter last year, which suggests a positive year over year growth rate of 14.2%. The company is expected to issue its next quarterly earnings results on Wednesday, November 8th.

According to Zacks, analysts expect that TASER International will report full-year sales of $82.06 million for the current year, with estimates ranging from $322.70 million to $333.43 million. For the next fiscal year, analysts expect that the firm will report sales of $373.34 million per share, with estimates ranging from $355.30 million to $388.81 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover TASER International.

TASER International (NASDAQ:AAXN) last released its earnings results on Tuesday, August 8th. The industrial products company reported $0.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.04. The company had revenue of $79.64 million during the quarter, compared to the consensus estimate of $74.46 million. TASER International had a return on equity of 10.47% and a net margin of 5.45%. TASER International’s quarterly revenue was up 35.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.

Several research firms have weighed in on AAXN. Zacks Investment Research cut TASER International from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. ValuEngine upgraded TASER International from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $27.50.

TASER International (NASDAQ:AAXN) traded up 0.61% during mid-day trading on Thursday, reaching $24.60. The company had a trading volume of 575,197 shares. The company has a market capitalization of $1.30 billion, a PE ratio of 76.88 and a beta of 0.98. The firm has a 50-day moving average of $22.68 and a 200 day moving average of $23.91. TASER International has a 1-year low of $21.18 and a 1-year high of $28.49.

Hedge funds have recently modified their holdings of the stock. State of Tennessee Treasury Department bought a new stake in shares of TASER International during the 2nd quarter worth approximately $1,229,000. JPMorgan Chase & Co. bought a new stake in shares of TASER International during the 2nd quarter worth approximately $4,363,000. FMR LLC bought a new stake in shares of TASER International during the 2nd quarter worth approximately $198,826,000. Brighton Jones LLC bought a new stake in shares of TASER International during the 2nd quarter worth approximately $303,000. Finally, Rhumbline Advisers bought a new stake in shares of TASER International during the 2nd quarter worth approximately $2,698,000. 96.05% of the stock is owned by hedge funds and other institutional investors.

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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.

Get a free copy of the Zacks research report on TASER In

According to Zacks, analysts expect that TASER International will report full-year sales of $82.06 million for the current year, with estimates ranging from $322.70 million to $333.43 million. For the next fiscal year, analysts expect that the firm will report sales of $373.34 million per share, with estimates ranging from $355.30 million to $388.81 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover TASER International.

TASER International (NASDAQ:AAXN) last released its earnings results on Tuesday, August 8th. The industrial products company reported $0.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.04. The company had revenue of $79.64 million during the quarter, compared to the consensus estimate of $74.46 million. TASER International had a return on equity of 10.47% and a net margin of 5.45%. TASER International’s quarterly revenue was up 35.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.

Several research firms have weighed in on AAXN. Zacks Investment Research cut TASER International from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. ValuEngine upgraded TASER International from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $27.50.

TASER International (NASDAQ:AAXN) traded up 0.61% during mid-day trading on Thursday, reaching $24.60. The company had a trading volume of 575,197 shares. The company has a market capitalization of $1.30 billion, a PE ratio of 76.88 and a beta of 0.98. The firm has a 50-day moving average of $22.68 and a 200 day moving average of $23.91. TASER International has a 1-year low of $21.18 and a 1-year high of $28.49.

Hedge funds have recently modified their holdings of the stock. State of Tennessee Treasury Department bought a new stake in shares of TASER International during the 2nd quarter worth approximately $1,229,000. JPMorgan Chase & Co. bought a new stake in shares of TASER International during the 2nd quarter worth approximately $4,363,000. FMR LLC bought a new stake in shares of TASER International during the 2nd quarter worth approximately $198,826,000. Brighton Jones LLC bought a new stake in shares of TASER International during the 2nd quarter worth approximately $303,000. Finally, Rhumbline Advisers bought a new stake in shares of TASER International during the 2nd quarter worth approximately $2,698,000. 96.05% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark law. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/15/zacks-brokerages-anticipate-taser-international-inc-aaxn-will-post-quarterly-sales-of-82-06-million.html.

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.

Get a free copy of the Zacks research report on TASER International (AAXN)

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Earnings History and Estimates for TASER International (NASDAQ:AAXN)

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