Axon Enterprise (NASDAQ:AXON) Announces Quarterly Earnings Results

Axon Enterprise (NASDAQ:AXON) released its earnings results on Monday. The biotechnology company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.20, Briefing.com reports. Axon Enterprise had a return on equity of 14.11% and a net margin of 11.14%. The company had revenue of $460.74 million for the quarter, compared to the consensus estimate of $441.57 million. During the same quarter last year, the business posted $0.51 EPS. Axon Enterprise’s quarterly revenue was up 34.3% compared to the same quarter last year. Axon Enterprise updated its FY 2024 guidance to EPS.

Axon Enterprise Stock Down 0.3 %

Axon Enterprise stock opened at $311.86 on Thursday. The company’s 50-day moving average price is $310.82 and its two-hundred day moving average price is $267.44. The stock has a market cap of $23.53 billion, a price-to-earnings ratio of 135.59 and a beta of 0.91. Axon Enterprise has a 52 week low of $175.37 and a 52 week high of $329.87. The company has a current ratio of 3.00, a quick ratio of 2.66 and a debt-to-equity ratio of 0.42.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AXON shares. The Goldman Sachs Group raised their price objective on Axon Enterprise from $297.00 to $339.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Barclays boosted their price objective on shares of Axon Enterprise from $308.00 to $381.00 and gave the company an “overweight” rating in a research report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $400.00 target price on shares of Axon Enterprise in a research note on Tuesday. Craig Hallum increased their price target on Axon Enterprise from $325.00 to $370.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, JMP Securities reissued a “market outperform” rating and issued a $375.00 price target on shares of Axon Enterprise in a report on Tuesday. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $333.08.

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.