Maxwell Technologies, Inc. (MXWL) Expected to Post Quarterly Sales of $36.40 Million
Brokerages expect that Maxwell Technologies, Inc. (NASDAQ:MXWL) will post sales of $36.40 million for the current quarter, according to Zacks. Two analysts have issued estimates for Maxwell Technologies’ earnings. The highest sales estimate is $37.80 million and the lowest is $35.00 million. Maxwell Technologies reported sales of $25.51 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 42.7%. The company is expected to announce its next earnings results on Tuesday, November 7th.
On average, analysts expect that Maxwell Technologies will report full-year sales of $36.40 million for the current financial year, with estimates ranging from $135.80 million to $139.20 million. For the next year, analysts forecast that the business will report sales of $146.55 million per share, with estimates ranging from $140.00 million to $153.10 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Maxwell Technologies.
Maxwell Technologies (NASDAQ:MXWL) last posted its quarterly earnings data on Monday, August 7th. The electronics maker reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.06. Maxwell Technologies had a negative return on equity of 30.83% and a negative net margin of 34.18%. The firm had revenue of $37.10 million for the quarter, compared to the consensus estimate of $33.99 million. During the same quarter in the prior year, the business earned ($0.13) EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year.
Several analysts recently weighed in on MXWL shares. Zacks Investment Research raised shares of Maxwell Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. ValuEngine raised shares of Maxwell Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Cowen and Company restated a “buy” rating and issued a $8.00 target price on shares of Maxwell Technologies in a report on Sunday, September 10th. Finally, Roth Capital set a $6.00 target price on shares of Maxwell Technologies and gave the company a “hold” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $7.00.
Maxwell Technologies (NASDAQ MXWL) opened at 4.94 on Thursday. The firm’s market cap is $175.50 million. Maxwell Technologies has a 12-month low of $4.39 and a 12-month high of $6.61. The firm’s 50-day moving average price is $5.47 and its 200 day moving average price is $5.72.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. Institute for Wealth Management LLC. acquired a new position in shares of Maxwell Technologies during the second quarter valued at about $102,000. SG Americas Securities LLC acquired a new position in shares of Maxwell Technologies during the second quarter valued at about $107,000. American International Group Inc. raised its holdings in shares of Maxwell Technologies by 7.1% during the first quarter. American International Group Inc. now owns 19,390 shares of the electronics maker’s stock valued at $113,000 after purchasing an additional 1,277 shares during the period. Edmond DE Rothschild Holding S.A. raised its holdings in shares of Maxwell Technologies by 33.4% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 20,950 shares of the electronics maker’s stock valued at $125,000 after purchasing an additional 5,250 shares during the period. Finally, Alliancebernstein L.P. acquired a new position in shares of Maxwell Technologies during the second quarter valued at about $128,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.
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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