Maxwell Technologies, Inc. (MXWL) Issues Q3 Earnings Guidance
Maxwell Technologies, Inc. (NASDAQ:MXWL) updated its third quarter earnings guidance on Monday. The company provided EPS guidance of ($0.14) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.18). The company issued revenue guidance of $35-38 million, compared to the consensus revenue estimate of $36.90 million.
Several research firms have commented on MXWL. Roth Capital set a $6.00 price target on Maxwell Technologies and gave the company a hold rating in a report on Monday, July 31st. Zacks Investment Research upgraded Maxwell Technologies from a sell rating to a hold rating in a report on Tuesday, July 18th. ValuEngine upgraded Maxwell Technologies from a strong sell rating to a sell rating in a report on Friday, June 2nd. Finally, Cowen and Company restated a neutral rating and issued a $6.00 price target (down previously from $7.00) on shares of Maxwell Technologies in a report on Friday, April 14th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $5.50.
Shares of Maxwell Technologies, Inc. (NASDAQ MXWL) traded down 0.52% during mid-day trading on Monday, hitting $5.69. The stock had a trading volume of 185,420 shares. Maxwell Technologies, Inc. has a one year low of $4.20 and a one year high of $6.48. The company has a 50-day moving average of $5.85 and a 200 day moving average of $5.58. The firm’s market cap is $183.20 million.
Maxwell Technologies (NASDAQ:MXWL) last posted its quarterly earnings results on Monday, August 7th. The electronics maker reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.06. Maxwell Technologies had a negative return on equity of 27.94% and a negative net margin of 24.18%. The company had revenue of $37.10 million during the quarter, compared to the consensus estimate of $33.99 million. During the same period last year, the business earned ($0.13) EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. On average, equities research analysts forecast that Maxwell Technologies, Inc. will post ($0.67) earnings per share for the current year.
In other news, Director Jorg Buchheim purchased 60,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was bought at an average cost of $5.78 per share, with a total value of $346,800.00. Following the purchase, the director now directly owns 75,653 shares of the company’s stock, valued at $437,274.34. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.54% of the stock is owned by company insiders.
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About Maxwell Technologies
Maxwell Technologies, Inc develops, manufactures and markets energy storage and power delivery products for transportation, industrial, information technology and other applications and microelectronic products for space and satellite applications. The Company offers three product lines: Ultracapacitors, High-Voltage Capacitors and Radiation-Hardened Microelectronic Products.
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