Maxwell Technologies, Inc. (MXWL) Expected to Post Quarterly Sales of $31.85 Million
Wall Street analysts expect that Maxwell Technologies, Inc. (NASDAQ:MXWL) will report $31.85 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Maxwell Technologies’ earnings, with estimates ranging from $31.70 million to $32.00 million. Maxwell Technologies reported sales of $26.40 million during the same quarter last year, which indicates a positive year over year growth rate of 20.6%. The company is scheduled to report its next earnings results on Tuesday, February 27th.
On average, analysts expect that Maxwell Technologies will report full-year sales of $31.85 million for the current year, with estimates ranging from $131.30 million to $139.20 million. For the next financial year, analysts expect that the business will report 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 that provide coverage for Maxwell Technologies.
Maxwell Technologies (NASDAQ:MXWL) last announced its earnings results on Wednesday, November 8th. The electronics maker reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. The firm had revenue of $35.80 million during the quarter, compared to analysts’ expectations of $36.39 million. Maxwell Technologies had a negative return on equity of 32.06% and a negative net margin of 36.94%. The company’s revenue was up 40.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.21) earnings per share.
Several research firms have recently weighed in on MXWL. Cowen reissued a “buy” rating and issued a $8.00 price objective on shares of Maxwell Technologies in a research report on Sunday, September 10th. Roth Capital set a $6.00 price objective on Maxwell Technologies and gave the company a “hold” rating in a research report on Wednesday, November 1st. Zacks Investment Research raised Maxwell Technologies from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a research report on Wednesday, August 23rd. Finally, ValuEngine raised Maxwell Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $6.70.
Shares of Maxwell Technologies (NASDAQ:MXWL) traded down $0.12 during trading on Friday, reaching $5.44. The company’s stock had a trading volume of 213,409 shares, compared to its average volume of 228,426. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.57 and a quick ratio of 1.86. Maxwell Technologies has a 52-week low of $4.29 and a 52-week high of $6.61.
In other Maxwell Technologies news, CEO Franz Fink acquired 230,000 shares of Maxwell Technologies stock in a transaction dated Tuesday, November 14th. The stock was bought at an average cost of $4.98 per share, with a total value of $1,145,400.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jorg Buchheim acquired 250,000 shares of Maxwell Technologies stock in a transaction dated Tuesday, November 14th. The stock was acquired at an average cost of $5.18 per share, with a total value of $1,295,000.00. Following the completion of the transaction, the director now directly owns 328,180 shares of the company’s stock, valued at approximately $1,699,972.40. The disclosure for this purchase can be found here. 3.54% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Institute for Wealth Management LLC. acquired a new position in shares of Maxwell Technologies in the second quarter valued at $102,000. SG Americas Securities LLC acquired a new position in shares of Maxwell Technologies in the second quarter valued at $107,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Maxwell Technologies in the third quarter valued at $100,000. Trexquant Investment LP acquired a new position in shares of Maxwell Technologies in the third quarter valued at $107,000. Finally, Edmond DE Rothschild Holding S.A. raised its stake in shares of Maxwell Technologies by 33.4% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 20,950 shares of the electronics maker’s stock valued at $125,000 after purchasing an additional 5,250 shares in the last quarter. Institutional investors and hedge funds own 52.27% of the company’s stock.
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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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