Maxwell Technologies (NASDAQ:MXWL) issued an update on its fourth quarter 2018 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $-0.18–0.18 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.15. The company issued revenue guidance of $25-27 million, compared to the consensus revenue estimate of $36.68 million.Maxwell Technologies also updated its Q4 guidance to ($0.18) EPS.
A number of research analysts have issued reports on the stock. ValuEngine cut shares of Maxwell Technologies from a buy rating to a hold rating in a report on Saturday, July 28th. Canaccord Genuity initiated coverage on shares of Maxwell Technologies in a research note on Friday, August 3rd. They set a hold rating and a $5.00 price objective for the company. Zacks Investment Research raised shares of Maxwell Technologies from a sell rating to a hold rating in a research note on Tuesday, October 9th. Cowen reaffirmed a buy rating and issued a $7.00 target price on shares of Maxwell Technologies in a research note on Tuesday, August 7th. Finally, Oppenheimer lowered their target price on shares of Maxwell Technologies from $7.00 to $6.00 and set an outperform rating for the company in a research note on Tuesday, August 7th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $6.13.
MXWL stock traded down $0.36 during midday trading on Wednesday, hitting $2.88. The stock had a trading volume of 7,336 shares, compared to its average volume of 257,604. The stock has a market capitalization of $122.48 million, a P/E ratio of -3.17 and a beta of 0.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 2.21. Maxwell Technologies has a 12-month low of $2.84 and a 12-month high of $6.27.
Maxwell Technologies (NASDAQ:MXWL) last announced its quarterly earnings results on Tuesday, November 6th. The electronics maker reported ($0.16) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.02. The company had revenue of $33.70 million for the quarter, compared to analyst estimates of $34.04 million. Maxwell Technologies had a negative net margin of 34.65% and a negative return on equity of 33.83%. Maxwell Technologies’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.13) EPS. Research analysts forecast that Maxwell Technologies will post -0.95 earnings per share for the current fiscal year.
In other Maxwell Technologies news, Director Ilya Golubovich bought 61,500 shares of Maxwell Technologies stock in a transaction that occurred on Friday, August 10th. The shares were acquired at an average price of $3.25 per share, for a total transaction of $199,875.00. Following the acquisition, the director now owns 79,226 shares of the company’s stock, valued at approximately $257,484.50. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CFO David Lyle bought 30,700 shares of Maxwell Technologies stock in a transaction that occurred on Friday, August 10th. The shares were acquired at an average price of $3.25 per share, for a total transaction of $99,775.00. Following the acquisition, 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 have purchased a total of 492,200 shares of company stock worth $1,599,650 in the last 90 days. Company insiders own 7.72% of the company’s stock.
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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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