Wall Street analysts expect Maxwell Technologies Inc. (NASDAQ:MXWL) to post sales of $25.85 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Maxwell Technologies’ earnings, with estimates ranging from $25.70 million to $26.00 million. Maxwell Technologies reported sales of $30.76 million in the same quarter last year, which would suggest a negative year over year growth rate of 16%. 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 $121.58 million for the current financial year, with estimates ranging from $117.30 million to $129.83 million. For the next fiscal year, analysts expect that the business will post sales of $142.75 million, with estimates ranging from $129.80 million to $163.45 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Maxwell Technologies.
Maxwell Technologies (NASDAQ:MXWL) last announced its quarterly earnings data on Tuesday, November 6th. The electronics maker reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. Maxwell Technologies had a negative return on equity of 35.86% and a negative net margin of 31.86%. The company had revenue of $33.70 million during the quarter, compared to the consensus estimate of $34.04 million. During the same quarter in the prior year, the firm earned ($0.13) EPS. The company’s quarterly revenue was down 5.9% compared to the same quarter last year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mak Capital One LLC lifted its holdings in shares of Maxwell Technologies by 87.2% in the second quarter. Mak Capital One LLC now owns 2,944,521 shares of the electronics maker’s stock valued at $15,312,000 after purchasing an additional 1,371,620 shares in the last quarter. B. Riley Financial Inc. acquired a new position in shares of Maxwell Technologies in the second quarter worth $130,000. Selz Capital LLC acquired a new position in shares of Maxwell Technologies in the third quarter worth $104,000. Royce & Associates LP increased its stake in shares of Maxwell Technologies by 4.1% in the second 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 last quarter. Finally, PEAK6 Investments L.P. increased its stake in shares of Maxwell Technologies by 273.0% in the second quarter. PEAK6 Investments L.P. now owns 43,123 shares of the electronics maker’s stock worth $224,000 after acquiring an additional 31,561 shares during the last quarter. Institutional investors own 63.52% of the company’s stock.
Shares of NASDAQ:MXWL traded down $0.21 on Wednesday, reaching $2.77. 367,370 shares of the company traded hands, compared to its average volume of 295,020. Maxwell Technologies has a fifty-two week low of $2.65 and a fifty-two week high of $6.27. The company has a market capitalization of $117.52 million, a PE ratio of -3.04 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 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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