Wall Street brokerages predict that Maxwell Technologies Inc. (NASDAQ:MXWL) will report earnings of ($0.18) per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Maxwell Technologies’ earnings, with estimates ranging from ($0.19) to ($0.17). Maxwell Technologies posted earnings per share of ($0.13) in the same quarter last year, which would indicate a negative year-over-year growth rate of 38.5%. The company is expected to report its next quarterly earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that Maxwell Technologies will report full year earnings of ($0.68) per share for the current fiscal year, with EPS estimates ranging from ($0.69) to ($0.66). For the next financial year, analysts forecast that the firm will report earnings of ($0.37) per share, with EPS estimates ranging from ($0.50) to ($0.22). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Maxwell Technologies.

Maxwell Technologies (NASDAQ:MXWL) last announced its quarterly earnings data on Monday, August 6th. The electronics maker reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.04). Maxwell Technologies had a negative return on equity of 33.83% and a negative net margin of 34.65%. The firm had revenue of $29.46 million for the quarter, compared to analyst estimates of $30.90 million. During the same period in the previous year, the business posted ($0.15) EPS. Maxwell Technologies’s revenue for the quarter was down 20.6% compared to the same quarter last year.

MXWL has been the topic of several recent research reports. ValuEngine raised Maxwell Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, July 11th. Cowen reaffirmed a “buy” rating and issued a $7.00 price target on shares of Maxwell Technologies in a research note on Tuesday, August 7th. Canaccord Genuity assumed coverage on Maxwell Technologies in a research note on Friday, August 3rd. They issued a “hold” rating and a $5.00 price target on the stock. Finally, Oppenheimer decreased their price target on Maxwell Technologies from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.10.

In other Maxwell Technologies news, CFO David Lyle acquired 30,700 shares of Maxwell Technologies stock in a transaction on Friday, August 10th. The shares were bought at an average price of $3.25 per share, with a total value of $99,775.00. Following the completion of the purchase, the chief financial officer now owns 166,500 shares in the company, valued at $541,125. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Franz Fink acquired 400,000 shares of Maxwell Technologies stock in a transaction on Friday, August 10th. The stock was acquired at an average cost of $3.25 per share, for a total transaction of $1,300,000.00. Following the purchase, the chief executive officer now owns 1,047,713 shares of the company’s stock, valued at approximately $3,405,067.25. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 492,200 shares of company stock worth $1,599,650. 7.72% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CAPROCK Group Inc. bought a new stake in shares of Maxwell Technologies in the second quarter worth about $125,000. B. Riley Financial Inc. bought a new stake in shares of Maxwell Technologies in the second quarter worth about $130,000. PEAK6 Investments L.P. increased its holdings in shares of Maxwell Technologies by 273.0% in the second quarter. PEAK6 Investments L.P. now owns 43,123 shares of the electronics maker’s stock worth $224,000 after acquiring an additional 31,561 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Maxwell Technologies by 25.6% in the first quarter. Millennium Management LLC now owns 51,937 shares of the electronics maker’s stock worth $308,000 after acquiring an additional 10,582 shares in the last quarter. Finally, Essex Investment Management Co. LLC bought a new stake in shares of Maxwell Technologies in the second quarter worth about $406,000. Institutional investors and hedge funds own 58.24% of the company’s stock.

Shares of NASDAQ:MXWL traded up $0.25 during trading on Wednesday, hitting $3.64. 379,259 shares of the stock were exchanged, compared to its average volume of 536,798. Maxwell Technologies has a 1-year low of $3.24 and a 1-year high of $6.61. The firm has a market capitalization of $129.73 million, a PE ratio of -4.00 and a beta of 0.10. The company has a current ratio of 2.21, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40.

Maxwell Technologies Company Profile

Maxwell Technologies, Inc develops, manufactures, and markets energy storage and power delivery products worldwide. The company provides ultracapacitor cells, multi-cell packs, modules, and subsystems that provide energy storage and power delivery solutions for applications in automotive, grid energy storage, wind, bus, industrial, and truck industries; and lithium-ion capacitors, which are energy storage devices designed to address various applications in the rail, grid, and industrial markets.

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