Analysts Anticipate Maxwell Technologies Inc. (MXWL) Will Announce Quarterly Sales of $25.85 Million

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.

A number of equities research analysts have recently commented on MXWL shares. ValuEngine downgraded Maxwell Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, July 28th. Canaccord Genuity started coverage on Maxwell Technologies in a research report on Friday, August 3rd. They set a “hold” rating and a $5.00 price objective for the company. Oppenheimer cut their price objective 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. Cowen reiterated a “buy” rating and set a $7.00 price objective on shares of Maxwell Technologies in a research report on Tuesday, August 7th. Finally, Zacks Investment Research upgraded Maxwell Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $5.63.

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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