Axon Enterprise (AXON) to Release Earnings on Monday

Axon Enterprise (NASDAQ:AXON - Get Free Report) will be announcing its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.97 per share for the quarter. Axon Enterprise has set its FY 2024 guidance at EPS.Parties that are interested in registering for the company's conference call can do so using this link.

Axon Enterprise (NASDAQ:AXON - Get Free Report) last announced its earnings results on Tuesday, February 27th. The biotechnology company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.48 by $0.29. Axon Enterprise had a net margin of 11.14% and a return on equity of 14.11%. The company 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 Trading Up 1.6 %

Shares of AXON traded up $5.07 during midday trading on Monday, hitting $313.30. The stock had a trading volume of 336,173 shares, compared to its average volume of 465,949. Axon Enterprise has a fifty-two week low of $175.37 and a fifty-two week high of $329.87. The business has a 50-day simple moving average of $305.09 and a two-hundred day simple moving average of $262.90. The firm has a market cap of $23.64 billion, a P/E ratio of 136.22 and a beta of 0.93. 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

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Axon Enterprise from $330.00 to $365.00 and gave the stock an "overweight" rating in a research report on Thursday, April 11th. The Goldman Sachs Group lifted their price target on shares of Axon Enterprise from $297.00 to $339.00 and gave the stock a "buy" rating in a research note on Wednesday, February 28th. Morgan Stanley lifted their price objective on Axon Enterprise from $285.00 to $310.00 and gave the company an "equal weight" rating in a report on Friday. TheStreet cut Axon Enterprise from a "b" rating to a "c+" rating in a report on Tuesday, February 27th. Finally, StockNews.com cut Axon Enterprise from a "buy" rating to a "hold" rating in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $314.91.

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.