Wall Street brokerages predict that Maxwell Technologies, Inc. (NASDAQ:MXWL) will announce earnings of ($0.23) per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Maxwell Technologies’ earnings. Maxwell Technologies posted earnings of ($0.16) per share in the same quarter last year, which would suggest a negative year over year growth rate of 43.8%. The business is scheduled to issue its next quarterly earnings report after the market closes on Monday, August 7th.
On average, analysts expect that Maxwell Technologies will report full-year earnings of ($0.89) per share for the current financial year. For the next financial year, analysts anticipate that the business will post earnings of ($0.71) per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Maxwell Technologies.
Maxwell Technologies (NASDAQ:MXWL) last released its quarterly earnings results on Tuesday, May 9th. The electronics maker reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.04. Maxwell Technologies had a negative net margin of 24.18% and a negative return on equity of 27.94%. The firm had revenue of $26.69 million for the quarter, compared to analysts’ expectations of $25.79 million. During the same quarter last year, the company earned ($0.14) EPS. The firm’s revenue for the quarter was down 24.2% compared to the same quarter last year.
MXWL has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Maxwell Technologies from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Cowen and Company reaffirmed a “neutral” rating and set a $6.00 price objective (down previously from $7.00) on shares of Maxwell Technologies in a report on Friday, April 14th. Roth Capital reaffirmed a “neutral” rating and set a $6.00 price objective on shares of Maxwell Technologies in a report on Friday, April 14th. Finally, ValuEngine raised 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 company. The company has an average rating of “Hold” and a consensus price target of $5.50.
In other news, Director Jorg Buchheim bought 60,000 shares of the stock in a transaction on Wednesday, June 14th. The shares were bought at an average price of $5.78 per share, with a total value of $346,800.00. Following the completion of the acquisition, the director now owns 75,653 shares of the company’s stock, valued at $437,274.34. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.54% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the stock. Van Den Berg Management I Inc. increased its stake in shares of Maxwell Technologies by 10.9% in the first quarter. Van Den Berg Management I Inc. now owns 1,924,398 shares of the electronics maker’s stock valued at $11,181,000 after buying an additional 188,447 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Maxwell Technologies by 8.3% in the first quarter. Vanguard Group Inc. now owns 1,284,150 shares of the electronics maker’s stock valued at $7,461,000 after buying an additional 98,580 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Maxwell Technologies during the fourth quarter valued at about $440,000. Neuberger Berman Group LLC increased its stake in shares of Maxwell Technologies by 4.1% in the first quarter. Neuberger Berman Group LLC now owns 2,035,067 shares of the electronics maker’s stock valued at $11,824,000 after buying an additional 80,828 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Maxwell Technologies by 16.0% in the fourth quarter. State Street Corp now owns 422,491 shares of the electronics maker’s stock valued at $2,164,000 after buying an additional 58,323 shares in the last quarter. Institutional investors and hedge funds own 46.26% of the company’s stock.
Shares of Maxwell Technologies (NASDAQ MXWL) opened at 5.71 on Friday. Maxwell Technologies has a 1-year low of $4.20 and a 1-year high of $6.48. The company has a 50-day moving average of $5.85 and a 200-day moving average of $5.58. The firm’s market cap is $183.84 million.
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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