Analysts forecast that Maxwell Technologies Inc. (NASDAQ:MXWL) will report ($0.19) earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have issued estimates for Maxwell Technologies’ earnings, with the lowest EPS estimate coming in at ($0.19) and the highest estimate coming in at ($0.18). Maxwell Technologies posted earnings of ($0.15) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 26.7%. The business is scheduled to issue its next quarterly earnings report on Monday, August 6th.
On average, analysts expect that Maxwell Technologies will report full year earnings of ($0.56) per share for the current year, with EPS estimates ranging from ($0.59) to ($0.52). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.27) per share, with EPS estimates ranging from ($0.45) to ($0.17). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Maxwell Technologies.
Maxwell Technologies (NASDAQ:MXWL) last announced its earnings results on Tuesday, May 8th. The electronics maker reported ($0.16) EPS for the quarter, meeting analysts’ consensus estimates of ($0.16). The business had revenue of $28.40 million for the quarter, compared to analysts’ expectations of $28.10 million. Maxwell Technologies had a negative net margin of 31.75% and a negative return on equity of 29.38%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.23) EPS.
A number of brokerages have recently commented on MXWL. Zacks Investment Research cut shares of Maxwell Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, April 24th. ValuEngine raised shares of Maxwell Technologies from a “sell” rating to a “hold” rating in a report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $6.92.
Shares of Maxwell Technologies stock traded down $0.01 during trading on Wednesday, reaching $5.60. The company’s stock had a trading volume of 142,000 shares, compared to its average volume of 148,679. The stock has a market capitalization of $212.80 million, a price-to-earnings ratio of -6.15 and a beta of 0.26. Maxwell Technologies has a fifty-two week low of $4.29 and a fifty-two week high of $6.61. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.23 and a quick ratio of 1.49.
Institutional investors and hedge funds have recently made changes to their positions in the business. Levin Capital Strategies L.P. acquired a new position in Maxwell Technologies in the 4th quarter valued at $161,000. Tower Research Capital LLC TRC increased its stake in Maxwell Technologies by 511.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 32,045 shares of the electronics maker’s stock valued at $184,000 after buying an additional 26,803 shares during the period. Princeton Capital Management LLC acquired a new position in Maxwell Technologies in the 4th quarter valued at $216,000. Millennium Management LLC increased its stake in Maxwell Technologies by 25.6% in the 1st quarter. Millennium Management LLC now owns 51,937 shares of the electronics maker’s stock valued at $308,000 after buying an additional 10,582 shares during the period. Finally, Quinn Opportunity Partners LLC increased its stake in Maxwell Technologies by 242.6% in the 4th quarter. Quinn Opportunity Partners LLC now owns 92,850 shares of the electronics maker’s stock valued at $535,000 after buying an additional 65,750 shares during the period. 56.62% of the stock is currently owned by institutional investors.
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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