Analysts Anticipate Maxwell Technologies, Inc. (MXWL) Will Post Earnings of -$0.11 Per Share

Brokerages predict that Maxwell Technologies, Inc. (NASDAQ:MXWL) will post earnings of ($0.11) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Maxwell Technologies’ earnings. The lowest EPS estimate is ($0.12) and the highest is ($0.10). Maxwell Technologies posted earnings of ($0.23) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 52.2%. The business is expected to issue its next quarterly earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Maxwell Technologies will report full-year earnings of ($0.59) per share for the current year, with EPS estimates ranging from ($0.62) to ($0.55). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.37) per share, with EPS estimates ranging from ($0.43) to ($0.28). Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Maxwell Technologies.

Maxwell Technologies (NASDAQ:MXWL) last posted its quarterly earnings results on Wednesday, November 8th. The electronics maker reported ($0.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.02. Maxwell Technologies had a negative net margin of 36.94% and a negative return on equity of 32.06%. The company had revenue of $35.80 million during the quarter, compared to the consensus estimate of $36.39 million. During the same period last year, the firm earned ($0.21) EPS. The company’s revenue for the quarter was up 40.4% on a year-over-year basis.

A number of equities research analysts have recently issued reports on MXWL shares. Zacks Investment Research upgraded shares of Maxwell Technologies from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a research report on Monday, September 18th. Roth Capital upgraded shares of Maxwell Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, November 20th. Cowen reiterated a “buy” rating and set a $8.00 price target on shares of Maxwell Technologies in a research report on Thursday, October 12th. Finally, ValuEngine downgraded shares of Maxwell Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, September 21st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Maxwell Technologies currently has an average rating of “Hold” and a consensus price target of $6.90.

In other Maxwell Technologies news, Director Jorg Buchheim acquired 250,000 shares of the company’s 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 purchase, the director now directly owns 328,180 shares in the company, valued at approximately $1,699,972.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Franz Fink acquired 230,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were acquired at an average cost of $4.98 per share, with a total value of $1,145,400.00. The disclosure for this purchase can be found here. 3.54% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Maxwell Technologies during the 3rd quarter worth approximately $100,000. Institute for Wealth Management LLC. purchased a new position in shares of Maxwell Technologies during the 2nd quarter worth approximately $102,000. SG Americas Securities LLC purchased a new position in shares of Maxwell Technologies during the 2nd quarter worth approximately $107,000. Trexquant Investment LP purchased a new position in shares of Maxwell Technologies during the 3rd quarter worth approximately $107,000. Finally, Edmond DE Rothschild Holding S.A. increased its stake in shares of Maxwell Technologies by 33.4% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 20,950 shares of the electronics maker’s stock worth $125,000 after purchasing an additional 5,250 shares in the last quarter. 52.27% of the stock is owned by institutional investors and hedge funds.

Maxwell Technologies (NASDAQ MXWL) traded down $0.11 during mid-day trading on Wednesday, hitting $6.05. 171,352 shares of the stock were exchanged, compared to its average volume of 246,441. Maxwell Technologies has a 52 week low of $4.29 and a 52 week high of $6.61. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.86 and a current ratio of 2.57. The firm has a market cap of $224.31, a P/E ratio of -4.45 and a beta of 0.25.

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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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