Axon Enterprise (NASDAQ:AXON) Posts Quarterly Earnings Results, Beats Expectations By $0.20 EPS

Axon Enterprise (NASDAQ:AXON) posted its quarterly earnings data on Monday. The biotechnology company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $460.74 million for the quarter, compared to analysts’ expectations of $441.57 million. During the same quarter last year, the firm earned $0.51 earnings per share. The business’s revenue was up 34.3% on a year-over-year basis. Axon Enterprise updated its FY 2024 guidance to EPS.

Axon Enterprise Stock Down 4.6 %

Shares of Axon Enterprise stock opened at $312.73 on Wednesday. The company has a quick ratio of 2.66, a current ratio of 3.00 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $310.77 and a 200 day moving average price of $267.13. Axon Enterprise has a fifty-two week low of $175.37 and a fifty-two week high of $329.87. The firm has a market cap of $23.60 billion, a P/E ratio of 135.97 and a beta of 0.91.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Barclays raised their price objective on Axon Enterprise from $296.00 to $308.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Robert W. Baird lifted their target price on Axon Enterprise from $260.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. TheStreet cut Axon Enterprise from a “b” rating to a “c+” rating in a report on Tuesday, February 27th. William Blair reiterated an “outperform” rating on shares of Axon Enterprise in a report on Wednesday, April 24th. Finally, StockNews.com cut Axon Enterprise from a “buy” rating to a “hold” rating in a report on Thursday, March 14th. 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 presently has an average rating of “Moderate Buy” and an average price target of $327.00.

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.