Axon Enterprise (AXON) Set to Announce Quarterly Earnings on Tuesday

Axon Enterprise (NASDAQ:AXON) will post its quarterly earnings results after the market closes on Tuesday, August 6th. Analysts expect Axon Enterprise to post earnings of $1.06 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Axon Enterprise (NASDAQ:AXON) last released its quarterly earnings data on Friday, May 10th. The biotechnology company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.95 by $0.20. The firm had revenue of $460.74 million for the quarter, compared to the consensus estimate of $441.57 million. Axon Enterprise had a return on equity of 11.71% and a net margin of 15.60%. The company’s quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 earnings per share. On average, analysts expect Axon Enterprise to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Axon Enterprise Trading Up 0.6 %

AXON stock traded up $1.99 during trading on Tuesday, hitting $310.99. 40,272 shares of the company traded hands, compared to its average volume of 484,064. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.55 and a current ratio of 2.91. The company has a 50-day moving average of $294.83 and a 200-day moving average of $292.75. The firm has a market capitalization of $23.47 billion, a PE ratio of 90.35, a P/E/G ratio of 7.00 and a beta of 0.95. Axon Enterprise has a 1 year low of $175.37 and a 1 year high of $329.87.

Analyst Ratings Changes

Several brokerages have weighed in on AXON. Barclays increased their price target on shares of Axon Enterprise from $308.00 to $381.00 and gave the company an “overweight” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. upped their price target on Axon Enterprise from $330.00 to $365.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Jefferies Financial Group began coverage on Axon Enterprise in a research note on Wednesday, July 17th. They set a “buy” rating and a $385.00 target price on the stock. William Blair reissued an “outperform” rating on shares of Axon Enterprise in a research report on Wednesday, April 24th. Finally, Craig Hallum raised their target price on shares of Axon Enterprise from $325.00 to $370.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $342.54.

Insider Buying and Selling at Axon Enterprise

In related news, President Joshua Isner sold 44,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $309.96, for a total transaction of $13,638,240.00. Following the completion of the sale, the president now owns 275,843 shares of the company’s stock, valued at $85,500,296.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Axon Enterprise news, insider Jeffrey C. Kunins sold 43,668 shares of Axon Enterprise stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $309.94, for a total value of $13,534,459.92. Following the completion of the sale, the insider now owns 189,719 shares of the company’s stock, valued at approximately $58,801,506.86. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Joshua Isner sold 44,000 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $309.96, for a total value of $13,638,240.00. Following the transaction, the president now directly owns 275,843 shares in the company, valued at $85,500,296.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,447 shares of company stock worth $27,684,677. 6.10% of the stock is owned by corporate insiders.

Axon Enterprise Company Profile

Axon Enterprise, Inc develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, Software and Sensors, and TASER. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.