Analysts expect that Maxwell Technologies, Inc. (NASDAQ:MXWL) will post $36.40 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Maxwell Technologies’ earnings, with the highest sales estimate coming in at $37.80 million and the lowest estimate coming in at $35.00 million. Maxwell Technologies posted sales of $25.51 million during the same quarter last year, which would indicate a positive year over year growth rate of 42.7%. The business is scheduled to report its next quarterly earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Maxwell Technologies will report full year sales of $36.40 million for the current year, with estimates ranging from $135.80 million to $139.20 million. For the next financial year, analysts forecast that the business will report sales of $146.55 million per share, with estimates ranging from $140.00 million to $153.10 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Maxwell Technologies.
Maxwell Technologies (NASDAQ:MXWL) last announced its earnings results on Monday, August 7th. The electronics maker reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.06. Maxwell Technologies had a negative return on equity of 30.83% and a negative net margin of 34.18%. The business had revenue of $37.10 million during the quarter, compared to the consensus estimate of $33.99 million. During the same period in the prior year, the company posted ($0.13) EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis.
Several equities analysts recently issued reports on MXWL shares. Zacks Investment Research raised Maxwell Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Roth Capital set a $6.00 price target on Maxwell Technologies and gave the stock a “hold” rating in a report on Monday, July 31st. Canaccord Genuity reissued a “hold” rating and issued a $7.00 price target on shares of Maxwell Technologies in a report on Tuesday, August 8th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Maxwell Technologies in a report on Tuesday, August 8th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $7.00 price target on shares of Maxwell Technologies in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $7.00.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MXWL. Ironwood Investment Management LLC grew its position in shares of 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 purchasing an additional 2,160 shares during the period. Royce & Associates LP grew its position in shares of Maxwell Technologies by 11.1% in the second quarter. Royce & Associates LP now owns 1,041,242 shares of the electronics maker’s stock valued at $6,237,000 after purchasing an additional 104,000 shares during the period. Vanguard Group Inc. grew its position in shares of Maxwell Technologies by 8.3% in the first quarter. Vanguard Group Inc. now owns 1,284,150 shares of the electronics maker’s stock valued at $7,461,000 after purchasing an additional 98,580 shares during the period. KBC Group NV grew its position in shares of Maxwell Technologies by 56.4% in the first quarter. KBC Group NV now owns 81,951 shares of the electronics maker’s stock valued at $476,000 after purchasing an additional 29,541 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of Maxwell Technologies by 16.4% in the second quarter. Janney Montgomery Scott LLC now owns 60,450 shares of the electronics maker’s stock valued at $362,000 after purchasing an additional 8,500 shares during the period. 45.75% of the stock is owned by institutional investors.
Shares of Maxwell Technologies (MXWL) traded up 1.20% during mid-day trading on Thursday, hitting $5.04. The company had a trading volume of 107,480 shares. The firm has a 50-day moving average price of $5.43 and a 200 day moving average price of $5.71. Maxwell Technologies has a 12 month low of $4.39 and a 12 month high of $6.61. The firm’s market capitalization is $179.05 million.
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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