Maxwell Technologies, Inc. (MXWL) Expected to Post Quarterly Sales of $36.40 Million

Equities research analysts expect Maxwell Technologies, Inc. (NASDAQ:MXWL) to post sales of $36.40 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Maxwell Technologies’ earnings, with the lowest sales estimate coming in at $35.00 million and the highest estimate coming in at $37.80 million. Maxwell Technologies posted sales of $25.51 million during the same quarter last year, which would indicate a positive year over year growth rate of 42.7%. The business is scheduled to report its next earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Maxwell Technologies will report full year sales of $36.40 million for the current year, with estimates ranging from $135.80 million to $139.20 million. For the next year, analysts expect that the business will post sales of $146.55 million per share, with estimates ranging from $140.00 million to $153.10 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Maxwell Technologies.

Maxwell Technologies (NASDAQ:MXWL) last issued its quarterly earnings data on Monday, August 7th. The electronics maker reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.06. The firm had revenue of $37.10 million during the quarter, compared to the consensus estimate of $33.99 million. Maxwell Technologies had a negative net margin of 34.18% and a negative return on equity of 30.83%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.13) earnings per share.

A number of brokerages have issued reports on MXWL. Canaccord Genuity reissued a “hold” rating and set a $7.00 target price on shares of Maxwell Technologies in a report on Tuesday, August 8th. Piper Jaffray Companies reissued a “buy” rating and set a $7.00 target price on shares of Maxwell Technologies in a report on Thursday, August 10th. Roth Capital set a $6.00 target price on shares of Maxwell Technologies and gave the company a “hold” rating in a report on Tuesday, August 8th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Maxwell Technologies in a report on Tuesday, August 8th. Finally, ValuEngine cut shares of Maxwell Technologies from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $7.00.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System grew its position in shares of Maxwell Technologies by 0.9% during the 2nd quarter. California State Teachers Retirement System now owns 63,951 shares of the electronics maker’s stock valued at $383,000 after purchasing an additional 600 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Maxwell Technologies by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 123,779 shares of the electronics maker’s stock valued at $742,000 after purchasing an additional 741 shares in the last quarter. American International Group Inc. grew its position in shares of Maxwell Technologies by 7.1% during the 1st quarter. American International Group Inc. now owns 19,390 shares of the electronics maker’s stock valued at $113,000 after purchasing an additional 1,277 shares in the last quarter. Ironwood Investment Management LLC grew its position in shares of Maxwell Technologies by 4.7% during the 1st quarter. Ironwood Investment Management LLC now owns 47,778 shares of the electronics maker’s stock valued at $278,000 after purchasing an additional 2,160 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Maxwell Technologies by 15.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,408 shares of the electronics maker’s stock valued at $200,000 after purchasing an additional 4,539 shares in the last quarter. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Shares of Maxwell Technologies (MXWL) traded down 1.99% during trading on Thursday, hitting $4.93. 99,192 shares of the stock traded hands. The firm’s 50-day moving average price is $5.43 and its 200-day moving average price is $5.71. The stock’s market cap is $175.14 million. Maxwell Technologies has a 12 month low of $4.39 and a 12 month high of $6.61.

Maxwell Technologies Company Profile

Maxwell Technologies, Inc develops, manufactures and markets energy storage and power delivery products for transportation, industrial, information technology and other applications and microelectronic products for space and satellite applications. The Company offers three product lines: Ultracapacitors, High-Voltage Capacitors and Radiation-Hardened Microelectronic Products.

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Earnings History and Estimates for Maxwell Technologies (NASDAQ:MXWL)

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