Axon Enterprise (AXON) to Release Quarterly Earnings on Tuesday

Axon Enterprise (NASDAQ:AXON) is anticipated to post its quarterly earnings results after the market closes on Tuesday, February 25th. Analysts expect Axon Enterprise to post earnings of $1.37 per share and revenue of $566.73 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Axon Enterprise Trading Down 5.3 %

AXON stock opened at $513.22 on Friday. The stock has a market cap of $39.13 billion, a price-to-earnings ratio of 132.62, a price-to-earnings-growth ratio of 5.43 and a beta of 1.05. The company has a fifty day moving average price of $619.94 and a two-hundred day moving average price of $518.66. Axon Enterprise has a one year low of $265.32 and a one year high of $715.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63.

Insider Transactions at Axon Enterprise

In related news, President Joshua Isner sold 1,291 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $642.43, for a total value of $829,377.13. Following the completion of the sale, the president now directly owns 181,892 shares of the company’s stock, valued at approximately $116,852,877.56. This represents a 0.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Garnreiter sold 1,000 shares of Axon Enterprise stock in a transaction on Monday, December 16th. The stock was sold at an average price of $639.69, for a total transaction of $639,690.00. Following the transaction, the director now directly owns 24,259 shares in the company, valued at $15,518,239.71. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,711 shares of company stock valued at $5,631,561 in the last 90 days. 6.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AXON shares. Morgan Stanley raised shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $500.00 to $700.00 in a report on Tuesday, December 3rd. Northland Securities lifted their price target on Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Robert W. Baird boosted their price target on Axon Enterprise from $600.00 to $800.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Northcoast Research cut Axon Enterprise from a “buy” rating to a “neutral” rating in a research report on Wednesday. Finally, TD Cowen began coverage on shares of Axon Enterprise in a research note on Wednesday, January 8th. They issued a “buy” rating and a $700.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Axon Enterprise presently has an average rating of “Moderate Buy” and a consensus target price of $561.31.

About Axon Enterprise

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.