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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Maxwell Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxwell Technologies and related companies with MarketBeat.com's FREE daily email newsletter.