$30.87 Million in Sales Expected for Maxwell Technologies Inc. (MXWL) This Quarter

Analysts forecast that Maxwell Technologies Inc. (NASDAQ:MXWL) will report sales of $30.87 million for the current quarter, according to Zacks. Three analysts have provided estimates for Maxwell Technologies’ earnings, with estimates ranging from $30.70 million to $31.00 million. Maxwell Technologies posted sales of $37.10 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 16.8%. The business is scheduled to issue its next earnings results on Monday, August 6th.

According to Zacks, analysts expect that Maxwell Technologies will report full-year sales of $135.68 million for the current fiscal year, with estimates ranging from $133.40 million to $137.80 million. For the next financial year, analysts expect that the business will report sales of $163.88 million per share, with estimates ranging from $160.00 million to $167.00 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Maxwell Technologies.

Maxwell Technologies (NASDAQ:MXWL) last issued its earnings results on Tuesday, May 8th. The electronics maker reported ($0.16) EPS for the quarter, meeting analysts’ consensus estimates of ($0.16). Maxwell Technologies had a negative return on equity of 29.38% and a negative net margin of 31.75%. The firm had revenue of $28.40 million for the quarter, compared to the consensus estimate of $28.10 million. During the same quarter in the previous year, the company posted ($0.23) earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year.

A number of brokerages have commented on MXWL. Zacks Investment Research upgraded Maxwell Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, April 18th. ValuEngine upgraded Maxwell Technologies from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Maxwell Technologies currently has a consensus rating of “Buy” and an average price target of $6.92.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Princeton Capital Management LLC bought a new stake in shares of Maxwell Technologies during the 4th quarter worth about $216,000. Quinn Opportunity Partners LLC boosted its stake in shares of Maxwell Technologies by 242.6% during the 4th quarter. Quinn Opportunity Partners LLC now owns 92,850 shares of the electronics maker’s stock worth $535,000 after acquiring an additional 65,750 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Maxwell Technologies during the 4th quarter worth about $2,612,000. Tower Research Capital LLC TRC lifted its position in shares of Maxwell Technologies by 511.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 32,045 shares of the electronics maker’s stock worth $184,000 after purchasing an additional 26,803 shares during the last quarter. Finally, Levin Capital Strategies L.P. acquired a new position in shares of Maxwell Technologies during the 4th quarter worth about $161,000. Institutional investors own 56.62% of the company’s stock.

NASDAQ MXWL traded up $0.02 on Friday, reaching $5.56. The stock had a trading volume of 97,831 shares, compared to its average volume of 148,208. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.23 and a quick ratio of 1.49. Maxwell Technologies has a 1 year low of $4.29 and a 1 year high of $6.61. The company has a market capitalization of $212.80 million, a P/E ratio of -6.11 and a beta of 0.26.

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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