Brokerages expect Maxwell Technologies Inc. (NASDAQ:MXWL) to announce $31.85 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Maxwell Technologies’ earnings, with the lowest sales estimate coming in at $31.70 million and the highest estimate coming in at $32.00 million. Maxwell Technologies reported sales of $26.40 million in the same quarter last year, which indicates a positive year over year growth rate of 20.6%. The company is scheduled to announce its next quarterly earnings results after the market closes on Thursday, February 15th.
According to Zacks, analysts expect that Maxwell Technologies will report full-year sales of $31.85 million for the current fiscal year, with estimates ranging from $131.30 million to $139.20 million. For the next financial year, analysts anticipate 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 calculations are an average based on a survey of sell-side research firms that follow Maxwell Technologies.
A number of analysts have weighed in on the stock. ValuEngine raised shares of Maxwell Technologies from a “sell” rating to a “hold” rating in a research report on Monday, November 20th. Zacks Investment Research downgraded shares of Maxwell Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Roth Capital set a $6.00 target price on shares of Maxwell Technologies and gave the company a “hold” rating in a research report on Wednesday, November 1st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $6.90.
A number of large investors have recently added to or reduced their stakes in MXWL. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Maxwell Technologies during the 3rd quarter valued at approximately $100,000. Trexquant Investment LP acquired a new stake in shares of Maxwell Technologies during the 3rd quarter worth approximately $107,000. Alliancebernstein L.P. acquired a new stake in shares of Maxwell Technologies during the 2nd quarter worth approximately $128,000. Levin Capital Strategies L.P. acquired a new stake in shares of Maxwell Technologies during the 4th quarter worth approximately $161,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Maxwell Technologies by 511.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 32,045 shares of the electronics maker’s stock worth $184,000 after buying an additional 26,803 shares during the period. 52.13% of the stock is owned by institutional investors and hedge funds.
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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