Analysts predict that Maxwell Technologies Inc. (NASDAQ:MXWL) will post $32.00 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Maxwell Technologies’ earnings. Maxwell Technologies posted sales of $26.69 million in the same quarter last year, which suggests a positive year-over-year growth rate of 19.9%. The company is scheduled to issue its next earnings results on Tuesday, May 8th.
On average, analysts expect that Maxwell Technologies will report full-year sales of $32.00 million for the current year, with estimates ranging from $140.00 million to $149.30 million. For the next financial year, analysts expect that the company will post sales of $164.95 million per share, with estimates ranging from $160.00 million to $169.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Maxwell Technologies.
Maxwell Technologies (NASDAQ:MXWL) last issued its quarterly earnings results on Thursday, February 15th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). The firm had revenue of $30.80 million for the quarter, compared to analyst estimates of $31.52 million. Maxwell Technologies had a negative return on equity of 30.48% and a negative net margin of 33.08%. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.32) earnings per share.
A number of research firms recently commented on MXWL. Oppenheimer raised shares of Maxwell Technologies from a “market perform” rating to an “outperform” rating and set a $7.00 price objective on the stock in a report on Friday, February 16th. ValuEngine raised shares of Maxwell Technologies from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded shares of Maxwell Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, UBS raised shares of Maxwell Technologies from a “market perform” rating to an “outperform” rating in a report on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Maxwell Technologies has a consensus rating of “Buy” and an average price target of $6.92.
In other Maxwell Technologies news, CEO Franz Fink sold 4,502 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $5.95, for a total value of $26,786.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.54% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Two Sigma Investments LP lifted its holdings in shares of Maxwell Technologies by 832.1% in the fourth quarter. Two Sigma Investments LP now owns 113,685 shares of the electronics maker’s stock valued at $655,000 after purchasing an additional 101,488 shares in the last quarter. Van Den Berg Management I Inc. lifted its holdings in shares of Maxwell Technologies by 11.6% in the fourth quarter. Van Den Berg Management I Inc. now owns 2,269,682 shares of the electronics maker’s stock valued at $13,073,000 after purchasing an additional 235,014 shares in the last quarter. Quinn Opportunity Partners LLC lifted its holdings in shares of Maxwell Technologies by 242.6% in the fourth 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 in the last quarter. Princeton Capital Management LLC purchased a new stake in shares of Maxwell Technologies in the fourth quarter valued at about $216,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Maxwell Technologies in the fourth quarter valued at about $2,612,000. 55.15% of the stock is currently owned by institutional investors.
MXWL stock opened at $5.56 on Friday. The stock has a market cap of $209.16, a P/E ratio of -6.11 and a beta of 0.31. Maxwell Technologies has a 52 week low of $4.29 and a 52 week high of $6.61. The company has a current ratio of 2.41, a quick ratio of 1.75 and a debt-to-equity ratio of 0.33.
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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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