Wall Street brokerages forecast that Maxwell Technologies, Inc. (NASDAQ:MXWL) will announce sales of $31.85 million for the current quarter, Zacks reports. Two analysts have issued estimates for Maxwell Technologies’ earnings, with the highest sales estimate coming in at $32.00 million and the lowest estimate coming in at $31.70 million. Maxwell Technologies posted sales of $26.40 million in the same quarter last year, which suggests a positive year-over-year growth rate of 20.6%. The firm is expected to report its next earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Maxwell Technologies will report full year sales of $31.85 million for the current financial year, with estimates ranging from $131.30 million to $139.20 million. For the next fiscal year, analysts expect that the company will post sales of $151.60 million per share, with estimates ranging from $140.00 million to $170.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Maxwell Technologies.

Maxwell Technologies (NASDAQ:MXWL) last released its quarterly earnings results on Wednesday, November 8th. The electronics maker reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.02. Maxwell Technologies had a negative net margin of 36.94% and a negative return on equity of 32.06%. The firm had revenue of $35.80 million during the quarter, compared to the consensus estimate of $36.39 million. During the same quarter in the prior year, the firm earned ($0.21) EPS. Maxwell Technologies’s revenue for the quarter was up 40.4% on a year-over-year basis.

MXWL has been the subject of several research reports. Zacks Investment Research downgraded shares of Maxwell Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Cowen reiterated a “buy” rating and issued a $8.00 price target on shares of Maxwell Technologies in a research report on Thursday, October 12th. Finally, Roth Capital set a $6.00 price target on shares of Maxwell Technologies and gave the company a “hold” rating in a research report on Wednesday, November 1st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Maxwell Technologies presently has an average rating of “Buy” and a consensus price target of $6.70.

In other news, Director Jorg Buchheim acquired 250,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average cost of $5.18 per share, with a total value of $1,295,000.00. Following the purchase, the director now owns 328,180 shares of the company’s stock, valued at approximately $1,699,972.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Franz Fink acquired 230,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was purchased at an average cost of $4.98 per share, for a total transaction of $1,145,400.00. The disclosure for this purchase can be found here. Insiders own 3.54% of the company’s stock.

Several large investors have recently bought and sold shares of MXWL. Vanguard Group Inc. grew its stake in shares of Maxwell Technologies by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 1,284,150 shares of the electronics maker’s stock worth $7,461,000 after purchasing an additional 98,580 shares during the period. Geode Capital Management LLC grew its stake in shares of Maxwell Technologies by 7.4% during the 1st quarter. Geode Capital Management LLC now owns 239,419 shares of the electronics maker’s stock worth $1,391,000 after purchasing an additional 16,469 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Maxwell Technologies by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 931,376 shares of the electronics maker’s stock worth $5,411,000 after purchasing an additional 52,345 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Maxwell Technologies by 5.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 123,038 shares of the electronics maker’s stock worth $715,000 after purchasing an additional 6,669 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in shares of Maxwell Technologies by 16.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 60,450 shares of the electronics maker’s stock worth $362,000 after purchasing an additional 8,500 shares during the period. 52.27% of the stock is currently owned by institutional investors and hedge funds.

Shares of Maxwell Technologies (MXWL) opened at $5.39 on Friday. Maxwell Technologies has a 12-month low of $4.29 and a 12-month high of $6.61. The company has a quick ratio of 1.86, a current ratio of 2.57 and a debt-to-equity ratio of 0.28.

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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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Earnings History and Estimates for Maxwell Technologies (NASDAQ:MXWL)

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