Analysts Expect Maxar Technologies Ltd (MAXR) to Announce $1.07 EPS

Equities research analysts expect Maxar Technologies Ltd (NYSE:MAXR) to report $1.07 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Maxar Technologies’ earnings. Maxar Technologies reported earnings per share of $0.98 during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.2%. The firm is scheduled to issue its next earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Maxar Technologies will report full-year earnings of $4.81 per share for the current fiscal year. For the next financial year, analysts forecast that the business will report earnings of $5.15 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Maxar Technologies.

Maxar Technologies (NYSE:MAXR) last released its earnings results on Tuesday, July 31st. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. The firm had revenue of $578.90 million during the quarter, compared to the consensus estimate of $727.18 million. Maxar Technologies had a return on equity of 11.10% and a net margin of 3.95%. Maxar Technologies’s revenue was up 54.3% on a year-over-year basis.

MAXR has been the subject of a number of recent analyst reports. Royal Bank of Canada cut their target price on Maxar Technologies from $73.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, September 5th. Canaccord Genuity reiterated a “buy” rating on shares of Maxar Technologies in a research report on Friday, August 10th. Zacks Investment Research downgraded Maxar Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, TD Securities cut their target price on Maxar Technologies from $67.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, August 1st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $62.00.

NYSE:MAXR opened at $32.64 on Friday. The firm has a market cap of $1.96 billion and a PE ratio of 15.32. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 1.45. Maxar Technologies has a fifty-two week low of $28.77 and a fifty-two week high of $67.30.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were given a dividend of $0.2836 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $1.13 annualized dividend and a dividend yield of 3.48%. Maxar Technologies’s dividend payout ratio is currently 53.05%.

Several hedge funds have recently made changes to their positions in MAXR. Public Employees Retirement System of Ohio acquired a new position in Maxar Technologies in the 2nd quarter worth about $177,000. Trexquant Investment LP acquired a new stake in shares of Maxar Technologies in the second quarter valued at about $233,000. Paloma Partners Management Co acquired a new stake in shares of Maxar Technologies in the second quarter valued at about $302,000. SG Americas Securities LLC increased its stake in shares of Maxar Technologies by 141.0% in the second quarter. SG Americas Securities LLC now owns 7,305 shares of the company’s stock valued at $369,000 after buying an additional 4,274 shares during the period. Finally, Amalgamated Bank acquired a new stake in shares of Maxar Technologies in the second quarter valued at about $390,000. Institutional investors and hedge funds own 84.01% of the company’s stock.

Maxar Technologies Company Profile

Maxar Technologies Ltd., a space and geospatial intelligence company, provides satellites, earth imagery, geospatial data, and analytics for the commercial and government customers worldwide. The company operates through three segments: Space Systems, Imagery, and Services. The Space Systems segment supplies space and ground based infrastructure and information solutions, including communication and imaging satellites, payloads and antenna subsystems, space-based and airborne surveillance solutions, and associated ground infrastructure and support services for communications and surveillance and intelligence applications.

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