Maxar Technologies (NYSE:MAXR) issued its quarterly earnings data on Wednesday. The company reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.30), MarketWatch Earnings reports. The firm had revenue of $508.20 million for the quarter, compared to analysts’ expectations of $726.45 million. Maxar Technologies had a return on equity of 11.10% and a net margin of 3.95%. The firm’s revenue was up 50.6% on a year-over-year basis. During the same period last year, the company earned $1.00 earnings per share. Maxar Technologies updated its FY 2018 guidance to $4.05-4.10 EPS.
NYSE:MAXR traded up $1.28 during midday trading on Friday, hitting $15.83. 37,963 shares of the company traded hands, compared to its average volume of 265,390. Maxar Technologies has a 12-month low of $13.50 and a 12-month high of $67.30. The firm has a market capitalization of $1.60 billion and a PE ratio of 7.43. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.91 and a current ratio of 1.03.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be issued a dividend of $0.283 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.13 annualized dividend and a yield of 7.15%. Maxar Technologies’s payout ratio is presently 53.05%.
Several analysts recently weighed in on the company. CIBC lowered Maxar Technologies from a “sector outperform” rating to a “neutral” rating in a report on Thursday. BMO Capital Markets set a $35.00 price target on Maxar Technologies and gave the company a “buy” rating in a report on Thursday. Raymond James decreased their price target on Maxar Technologies from $59.00 to $25.00 and set an “outperform” rating on the stock in a report on Thursday. Royal Bank of Canada decreased their price target on Maxar Technologies to $40.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, TD Securities decreased their price target on Maxar Technologies from $67.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, August 1st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Maxar Technologies presently has a consensus rating of “Buy” and an average target price of $52.90.
Maxar Technologies Company Profile
Maxar Technologies Ltd., a space and geospatial intelligence company, provides satellites, earth imagery, geospatial data, and analytics for the commercial and government customers worldwide. The company operates through three segments: Space Systems, Imagery, and Services. The Space Systems segment supplies space and ground based infrastructure and information solutions, including communication and imaging satellites, payloads and antenna subsystems, space-based and airborne surveillance solutions, and associated ground infrastructure and support services for communications and surveillance and intelligence applications.
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