Wall Street analysts expect Maxwell Technologies, Inc. (NASDAQ:MXWL) to post $31.95 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Maxwell Technologies’ earnings, with the highest sales estimate coming in at $35.40 million and the lowest estimate coming in at $28.50 million. Maxwell Technologies posted sales of $34.14 million in the same quarter last year, which suggests a negative year over year growth rate of 6.4%. The firm is scheduled to issue its next earnings report on Tuesday, August 1st.
According to Zacks, analysts expect that Maxwell Technologies will report full-year sales of $31.95 million for the current financial year, with estimates ranging from $127.20 million to $139.60 million. For the next year, analysts anticipate that the company will post sales of $147.85 million per share, with estimates ranging from $140.00 million to $155.70 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Maxwell Technologies.
Maxwell Technologies (NASDAQ:MXWL) last released its quarterly earnings data on Tuesday, May 9th. The electronics maker reported ($0.23) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.04. The company had revenue of $26.69 million during the quarter, compared to the consensus estimate of $25.79 million. Maxwell Technologies had a negative net margin of 24.18% and a negative return on equity of 27.94%. Maxwell Technologies’s revenue for the quarter was down 24.2% on a year-over-year basis. During the same period last year, the firm earned ($0.14) EPS.
Several brokerages recently issued reports on MXWL. Roth Capital set a $6.00 target price on shares of Maxwell Technologies and gave the company a “hold” rating in a research report on Monday, March 20th. ValuEngine upgraded shares of Maxwell Technologies from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Maxwell Technologies in a research report on Wednesday, March 1st. Cowen and Company restated a “neutral” rating and set a $6.00 target price (down from $7.00) on shares of Maxwell Technologies in a research report on Friday, April 14th. Finally, Zacks Investment Research lowered shares of Maxwell Technologies from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $5.63.
Maxwell Technologies (NASDAQ MXWL) traded down 1.73% on Friday, reaching $5.68. 303,702 shares of the company traded hands. The stock’s market capitalization is $182.87 million. The stock’s 50-day moving average is $5.82 and its 200-day moving average is $5.39. Maxwell Technologies has a 1-year low of $4.20 and a 1-year high of $6.48.
In other news, Director Jorg Buchheim purchased 60,000 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was acquired at an average cost of $5.78 per share, for a total transaction of $346,800.00. Following the completion of the transaction, the director now directly owns 36,835 shares in the company, valued at approximately $212,906.30. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.72% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. increased its position in Maxwell Technologies by 7.1% in the first quarter. American International Group Inc. now owns 19,390 shares of the electronics maker’s stock valued at $113,000 after buying an additional 1,277 shares during the period. Ironwood Investment Management LLC increased its position in Maxwell Technologies by 4.7% in the first quarter. Ironwood Investment Management LLC now owns 47,778 shares of the electronics maker’s stock valued at $278,000 after buying an additional 2,160 shares during the period. Ancora Advisors LLC increased its position in Maxwell Technologies by 1.8% in the fourth quarter. Ancora Advisors LLC now owns 142,700 shares of the electronics maker’s stock valued at $731,000 after buying an additional 2,500 shares during the period. Morgan Stanley increased its position in Maxwell Technologies by 5.1% in the first quarter. Morgan Stanley now owns 117,764 shares of the electronics maker’s stock valued at $685,000 after buying an additional 5,725 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in Maxwell Technologies by 5.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 123,038 shares of the electronics maker’s stock valued at $715,000 after buying an additional 6,669 shares during the period. 46.34% of the stock is currently owned by hedge funds and other institutional investors.
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Maxwell Technologies Company Profile
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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