Maxwell Technologies, Inc. (MXWL) Set to Announce Quarterly Earnings on Monday
Maxwell Technologies, Inc. (NASDAQ:MXWL) will be issuing its quarterly earnings data after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Maxwell Technologies has set its Q3 guidance at ($0.14) EPS.
Maxwell Technologies (NASDAQ:MXWL) last issued its quarterly earnings results on Monday, August 7th. The electronics maker reported ($0.15) earnings per share (EPS) for the quarter, beating 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 company had revenue of $37.10 million for the quarter, compared to analysts’ expectations of $33.99 million. During the same period last year, the firm earned ($0.13) EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, analysts expect Maxwell Technologies to post $-0.61 EPS for the current fiscal year and $-0.32 EPS for the next fiscal year.
Shares of Maxwell Technologies, Inc. (NASDAQ:MXWL) traded up 0.102% during trading on Monday, hitting $4.895. The stock had a trading volume of 55,221 shares. Maxwell Technologies, Inc. has a 52 week low of $4.39 and a 52 week high of $6.61. The stock’s market capitalization is $173.90 million. The stock’s 50 day moving average is $5.34 and its 200 day moving average is $5.69.
Several brokerages recently weighed in on MXWL. Cowen and Company restated a “buy” rating and issued a $8.00 price target on shares of Maxwell Technologies in a research report on Sunday, September 10th. Piper Jaffray Companies restated a “buy” rating and issued a $7.00 price target on shares of Maxwell Technologies in a research report on Thursday, August 10th. Roth Capital set a $6.00 price target on shares of Maxwell Technologies and gave the stock a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded shares of Maxwell Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, ValuEngine upgraded shares of Maxwell Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $7.00.
A hedge fund recently raised its stake in Maxwell Technologies stock. State Street Corp raised its position in shares of Maxwell Technologies, Inc. (NASDAQ:MXWL) by 15.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 493,335 shares of the electronics maker’s stock after buying an additional 65,969 shares during the quarter. State Street Corp owned about 1.39% of Maxwell Technologies worth $2,956,000 at the end of the most recent reporting period. 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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