Maxwell Technologies, Inc. (MXWL) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS
Maxwell Technologies, Inc. (NASDAQ:MXWL) announced its quarterly earnings results on Monday. The electronics maker reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.06, RTT News reports. Maxwell Technologies had a negative net margin of 24.18% and a negative return on equity of 27.94%. The company had revenue of $37.10 million during the quarter, compared to the consensus estimate of $33.99 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. Maxwell Technologies updated its Q3 guidance to ($0.14) EPS.
Shares of Maxwell Technologies (NASDAQ MXWL) traded down 0.52% during trading on Monday, hitting $5.69. 184,570 shares of the stock traded hands. The company’s market cap is $183.20 million. The firm’s 50-day moving average price is $5.85 and its 200-day moving average price is $5.58. Maxwell Technologies has a 52 week low of $4.20 and a 52 week high of $6.48.
In other news, Director Jorg Buchheim purchased 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were acquired at an average price of $5.78 per share, for a total transaction of $346,800.00. Following the completion of the acquisition, the director now directly owns 75,653 shares in the company, valued at $437,274.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.54% of the stock is owned by company insiders.
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Several equities analysts have recently issued reports on MXWL shares. Cowen and Company reissued a “neutral” rating and set a $6.00 price target (down previously from $7.00) on shares of Maxwell Technologies in a report on Friday, April 14th. Roth Capital reissued a “neutral” rating and set a $6.00 price target on shares of Maxwell Technologies in a report on Friday, April 14th. Zacks Investment Research downgraded shares of Maxwell Technologies from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Finally, ValuEngine raised shares of Maxwell Technologies from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Maxwell Technologies presently has an average rating of “Hold” and an average target price of $5.50.
Maxwell Technologies Company Profile
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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