Maxwell Technologies Inc. (MXWL) Expected to Announce Earnings of -$0.19 Per Share

Equities research analysts expect Maxwell Technologies Inc. (NASDAQ:MXWL) to post earnings of ($0.19) per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Maxwell Technologies’ earnings, with estimates ranging from ($0.19) to ($0.18). Maxwell Technologies reported earnings per share of ($0.15) in the same quarter last year, which would suggest a negative year-over-year growth rate of 26.7%. The firm is scheduled to issue its next earnings results on Monday, August 6th.

According to Zacks, analysts expect that Maxwell Technologies will report full year earnings of ($0.56) per share for the current financial year, with EPS estimates ranging from ($0.59) to ($0.52). For the next year, analysts expect that the business will report earnings of ($0.27) per share, with EPS estimates ranging from ($0.45) to ($0.17). Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Maxwell Technologies.

Maxwell Technologies (NASDAQ:MXWL) last posted its quarterly earnings results on Tuesday, May 8th. The electronics maker reported ($0.16) earnings per share for the quarter, hitting the consensus estimate of ($0.16). The company had revenue of $28.40 million for the quarter, compared to the consensus estimate of $28.10 million. Maxwell Technologies had a negative return on equity of 29.38% and a negative net margin of 31.75%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.23) EPS.



Several analysts recently weighed in on MXWL shares. Zacks Investment Research upgraded Maxwell Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, April 18th. ValuEngine upgraded Maxwell Technologies from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. Oppenheimer upgraded Maxwell Technologies from a “market perform” rating to an “outperform” rating and set a $7.00 price target on the stock in a research note on Friday, February 16th. Finally, UBS Group upgraded Maxwell Technologies from a “market perform” rating to an “outperform” rating in a research note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $6.92.

Institutional investors and hedge funds have recently modified their holdings of the business. Levin Capital Strategies L.P. purchased a new stake in Maxwell Technologies during the 4th quarter valued at $161,000. Tower Research Capital LLC TRC boosted its stake in Maxwell Technologies by 511.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 32,045 shares of the electronics maker’s stock valued at $184,000 after purchasing an additional 26,803 shares during the last quarter. Princeton Capital Management LLC purchased a new stake in Maxwell Technologies during the 4th quarter valued at $216,000. Millennium Management LLC boosted its stake in Maxwell Technologies by 25.6% during the 1st quarter. Millennium Management LLC now owns 51,937 shares of the electronics maker’s stock valued at $308,000 after purchasing an additional 10,582 shares during the last quarter. Finally, Quinn Opportunity Partners LLC boosted its stake in Maxwell Technologies by 242.6% during the 4th quarter. Quinn Opportunity Partners LLC now owns 92,850 shares of the electronics maker’s stock valued at $535,000 after purchasing an additional 65,750 shares during the last quarter. Institutional investors and hedge funds own 56.62% of the company’s stock.

Maxwell Technologies opened at $5.60 on Wednesday, Marketbeat.com reports. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.49 and a current ratio of 2.23. Maxwell Technologies has a twelve month low of $4.29 and a twelve month high of $6.61.

Maxwell Technologies Company Profile

Maxwell Technologies, Inc develops, manufactures, and markets energy storage and power delivery products worldwide. The company provides ultracapacitor cells, multi-cell packs, modules, and subsystems that provide energy storage and power delivery solutions for applications in automotive, grid energy storage, wind, bus, industrial, and truck industries; and lithium-ion capacitors, which are energy storage devices designed to address various applications in the rail, grid, and industrial markets.

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