Equities research analysts expect Maxwell Technologies Inc. (NASDAQ:MXWL) to report $26.02 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Maxwell Technologies’ earnings. The lowest sales estimate is $25.70 million and the highest is $26.35 million. Maxwell Technologies posted sales of $30.76 million during the same quarter last year, which suggests a negative year-over-year growth rate of 15.4%. The business is scheduled to issue its next earnings results on Thursday, February 21st.
According to Zacks, analysts expect that Maxwell Technologies will report full-year sales of $117.62 million for the current financial year, with estimates ranging from $117.30 million to $117.96 million. For the next year, analysts expect that the company will report sales of $133.82 million, with estimates ranging from $129.80 million to $136.65 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Maxwell Technologies.
Maxwell Technologies (NASDAQ:MXWL) last released 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. Maxwell Technologies had a negative return on equity of 35.32% and a negative net margin of 31.86%. The business had revenue of $33.70 million during the quarter, compared to analyst estimates of $34.04 million. During the same quarter last year, the company posted ($0.13) EPS. Maxwell Technologies’s revenue for the quarter was down 5.9% on a year-over-year basis.
MXWL has been the subject of a number of recent analyst reports. Cowen reiterated a “buy” rating and issued a $7.00 price target on shares of Maxwell Technologies in a research report on Tuesday, August 7th. Zacks Investment Research upgraded Maxwell Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Finally, Oppenheimer decreased their price target on Maxwell Technologies from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, August 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Maxwell Technologies currently has an average rating of “Buy” and a consensus price target of $5.63.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Mak Capital One LLC boosted its position in Maxwell Technologies by 87.2% during the 2nd quarter. Mak Capital One LLC now owns 2,944,521 shares of the electronics maker’s stock worth $15,312,000 after acquiring an additional 1,371,620 shares during the period. B. Riley Financial Inc. acquired a new stake in Maxwell Technologies during the 2nd quarter worth about $130,000. Selz Capital LLC acquired a new stake in Maxwell Technologies during the 3rd quarter worth about $104,000. Bank of America Corp DE boosted its position in Maxwell Technologies by 24.3% during the 2nd quarter. Bank of America Corp DE now owns 96,355 shares of the electronics maker’s stock worth $501,000 after acquiring an additional 18,845 shares during the period. Finally, Royce & Associates LP boosted its position in Maxwell Technologies by 4.1% during the 2nd quarter. Royce & Associates LP now owns 1,053,242 shares of the electronics maker’s stock worth $5,477,000 after acquiring an additional 41,000 shares during the period. Hedge funds and other institutional investors own 59.78% of the company’s stock.
Shares of NASDAQ:MXWL traded down $0.31 during midday trading on Friday, reaching $2.26. The company had a trading volume of 350,520 shares, compared to its average volume of 292,369. The company has a quick ratio of 1.91, a current ratio of 3.22 and a debt-to-equity ratio of 0.34. Maxwell Technologies has a 1-year low of $2.22 and a 1-year high of $6.27. The firm has a market capitalization of $115.13 million, a price-to-earnings ratio of -2.48 and a beta of 0.39.
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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