Axon Enterprise (AXON) Set to Announce Earnings on Monday

Axon Enterprise (NASDAQ:AXON) is scheduled to be posting its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Axon Enterprise to post earnings of $0.97 per share for the quarter. Axon Enterprise has set its FY 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Axon Enterprise (NASDAQ:AXON) last released its quarterly earnings results on Tuesday, February 27th. The biotechnology company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.29. Axon Enterprise had a return on equity of 14.11% and a net margin of 11.14%. The business had revenue of $432.14 million during the quarter, compared to analysts’ expectations of $418.97 million. 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 Stock Performance

Axon Enterprise stock opened at $318.55 on Friday. The stock has a 50-day simple moving average of $307.87 and a 200 day simple moving average of $264.29. The company has a quick ratio of 2.66, a current ratio of 3.00 and a debt-to-equity ratio of 0.42. Axon Enterprise has a 12-month low of $175.37 and a 12-month high of $329.87. The stock has a market capitalization of $24.04 billion, a price-to-earnings ratio of 138.50 and a beta of 0.91.

Analyst Ratings Changes

A number of research analysts recently issued reports on AXON shares. TheStreet cut Axon Enterprise from a “b” rating to a “c+” rating in a report on Tuesday, February 27th. JMP Securities lifted their price target on Axon Enterprise from $320.00 to $375.00 and gave the company a “market outperform” rating in a report on Wednesday. StockNews.com cut Axon Enterprise from a “buy” rating to a “hold” rating in a report on Thursday, March 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 price target on shares of Axon Enterprise in a report on Wednesday, April 24th. Finally, Robert W. Baird lifted their price target on Axon Enterprise from $260.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.09.

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.