MaxLinear (MXL) Set to Announce Quarterly Earnings on Wednesday

MaxLinear (NYSE:MXL) will issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter. MaxLinear has set its Q1 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

MaxLinear (NYSE:MXL) last announced its earnings results on Wednesday, January 31st. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.17). The business had revenue of $125.35 million for the quarter, compared to analyst estimates of $125.06 million. MaxLinear had a negative net margin of 10.55% and a positive return on equity of 4.77%. On average, analysts expect MaxLinear to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

MaxLinear Stock Performance

Shares of MXL opened at $19.82 on Tuesday. The company has a current ratio of 2.20, a quick ratio of 1.75 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1.62 billion, a PE ratio of -22.27 and a beta of 1.98. The company’s 50 day simple moving average is $19.82 and its 200-day simple moving average is $19.96. MaxLinear has a 12-month low of $13.43 and a 12-month high of $35.09.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MXL shares. Northland Securities upgraded shares of MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a research report on Thursday, April 4th. Needham & Company LLC lowered their target price on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. StockNews.com upgraded shares of MaxLinear from a “sell” rating to a “hold” rating in a research report on Thursday, February 29th. Benchmark lifted their price objective on shares of MaxLinear from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Finally, Wells Fargo & Company lowered shares of MaxLinear from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $35.00 to $25.00 in a research report on Wednesday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, MaxLinear currently has an average rating of “Hold” and an average price target of $26.09.

About MaxLinear

MaxLinear, Inc provides communications systems-on-chip solutions worldwide. Its products integrate various portions of a high-speed communication system, including radio frequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management.