Maxwell Technologies (NASDAQ:MXWL) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of ($0.18) for the period, compared to the Thomson Reuters consensus estimate of ($0.15). The company issued revenue guidance of $25-27 million, compared to the consensus revenue estimate of $36.17 million.Maxwell Technologies also updated its Q4 2018 guidance to $-0.18–0.18 EPS.
A number of research firms have weighed in on MXWL. ValuEngine upgraded shares of Maxwell Technologies from a hold rating to a buy rating in a research note on Wednesday, July 11th. Canaccord Genuity began coverage on shares of Maxwell Technologies in a research note on Friday, August 3rd. They set a hold rating and a $5.00 price target on the stock. Oppenheimer decreased their price target on shares of Maxwell Technologies from $7.00 to $6.00 and set an outperform rating on the stock in a research note on Tuesday, August 7th. Cowen reiterated a buy rating and set a $7.00 price target on shares of Maxwell Technologies in a research note on Tuesday, August 7th. Finally, Zacks Investment Research upgraded shares of Maxwell Technologies from a sell rating to a hold rating in a research note on Tuesday, October 9th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Maxwell Technologies currently has a consensus rating of Buy and an average price target of $6.13.
Shares of NASDAQ:MXWL traded down $0.06 on Tuesday, hitting $3.24. The stock had a trading volume of 446,054 shares, compared to its average volume of 242,687. Maxwell Technologies has a twelve month low of $2.84 and a twelve month high of $6.27. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 2.21. The company has a market capitalization of $122.48 million, a PE ratio of -3.56 and a beta of 0.44.
Maxwell Technologies (NASDAQ:MXWL) last issued its earnings results on Tuesday, November 6th. The electronics maker reported ($0.16) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.02. Maxwell Technologies had a negative net margin of 34.65% and a negative return on equity of 33.83%. The company had revenue of $33.70 million for the quarter, compared to the consensus estimate of $34.04 million. During the same quarter in the previous year, the company earned ($0.13) EPS. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, analysts forecast that Maxwell Technologies will post -0.95 EPS for the current year.
In other news, Director Ilya Golubovich bought 61,500 shares of Maxwell Technologies stock in a transaction dated Friday, August 10th. The shares were bought at an average price of $3.25 per share, for a total transaction of $199,875.00. Following the purchase, the director now owns 79,226 shares of the company’s stock, valued at $257,484.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David Lyle bought 30,700 shares of Maxwell Technologies stock in a transaction dated Friday, August 10th. The stock was purchased at an average price of $3.25 per share, for a total transaction of $99,775.00. Following the purchase, the chief financial officer now directly owns 166,500 shares in the company, valued at approximately $541,125. The disclosure for this purchase can be found here. Insiders bought a total of 492,200 shares of company stock worth $1,599,650 in the last 90 days. 7.72% of the stock is owned by corporate insiders.
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About Maxwell Technologies
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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