Maxwell Technologies Inc. (MXWL) Expected to Announce Earnings of -$0.11 Per Share

Equities analysts predict that Maxwell Technologies Inc. (NASDAQ:MXWL) will announce earnings of ($0.11) per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Maxwell Technologies’ earnings, with the lowest EPS estimate coming in at ($0.12) and the highest estimate coming in at ($0.10). Maxwell Technologies posted earnings of ($0.23) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 52.2%. The firm 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 fiscal year, with EPS estimates ranging from ($0.62) to ($0.55). For the next year, analysts anticipate that the business will post earnings of ($0.37) per share, with EPS estimates ranging from ($0.43) to ($0.28). Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Maxwell Technologies.

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

Several brokerages recently commented on MXWL. Zacks Investment Research cut Maxwell Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine raised Maxwell Technologies from a “sell” rating to a “hold” rating in a research report on Monday, November 20th. Cowen reaffirmed a “buy” rating and issued a $8.00 target price on shares of Maxwell Technologies in a research report on Thursday, October 12th. Finally, Roth Capital set a $6.00 target price on Maxwell Technologies and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Maxwell Technologies currently has a consensus rating of “Hold” and a consensus target price of $6.90.

In related news, CEO Franz Fink acquired 230,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was purchased at an average cost of $4.98 per share, for a total transaction of $1,145,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jorg Buchheim acquired 250,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average price of $5.18 per share, with a total value of $1,295,000.00. Following the completion of the purchase, the director now directly owns 328,180 shares of the company’s stock, valued at $1,699,972.40. The disclosure for this purchase can be found here. Corporate insiders own 3.54% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp raised its stake in Maxwell Technologies by 18.7% during the second quarter. Northern Trust Corp now owns 385,956 shares of the electronics maker’s stock worth $2,312,000 after acquiring an additional 60,842 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Maxwell Technologies by 7.1% in the second quarter. Vanguard Group Inc. now owns 1,375,329 shares of the electronics maker’s stock valued at $8,238,000 after buying an additional 91,179 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Maxwell Technologies by 9.0% in the third quarter. Neuberger Berman Group LLC now owns 2,126,701 shares of the electronics maker’s stock valued at $10,910,000 after buying an additional 175,641 shares in the last quarter. Van Den Berg Management I Inc. increased its stake in shares of Maxwell Technologies by 6.7% in the third quarter. Van Den Berg Management I Inc. now owns 2,034,668 shares of the electronics maker’s stock valued at $10,438,000 after buying an additional 127,680 shares in the last quarter. Finally, Royce & Associates LP increased its stake in shares of Maxwell Technologies by 5.3% in the third quarter. Royce & Associates LP now owns 1,096,242 shares of the electronics maker’s stock valued at $5,624,000 after buying an additional 55,000 shares in the last quarter. Hedge funds and other institutional investors own 52.24% of the company’s stock.

Shares of Maxwell Technologies (NASDAQ MXWL) traded down $0.05 during mid-day trading on Friday, reaching $5.90. The company had a trading volume of 9,485 shares, compared to its average volume of 122,670. 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 current ratio of 2.57 and a quick ratio of 1.86.

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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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