Maxwell Technologies, Inc. (MXWL) Set to Announce Quarterly Earnings on Wednesday
Maxwell Technologies, Inc. (NASDAQ:MXWL) is set to issue its quarterly earnings data after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter.
Maxwell Technologies (NASDAQ:MXWL) last released its earnings results on Monday, August 7th. The electronics maker reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.06. The company had revenue of $37.10 million during the quarter, compared to analysts’ expectations of $33.99 million. Maxwell Technologies had a negative return on equity of 30.83% and a negative net margin of 34.18%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.13) EPS. On average, analysts expect Maxwell Technologies to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Maxwell Technologies, Inc. (NASDAQ:MXWL) traded down $0.15 on Monday, hitting $4.53. The stock had a trading volume of 130,227 shares, compared to its average volume of 169,408. Maxwell Technologies, Inc. has a 52 week low of $4.40 and a 52 week high of $6.61.
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MXWL has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Maxwell Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Roth Capital set a $6.00 target price on Maxwell Technologies and gave the company a “hold” rating in a research note on Monday, July 31st. Canaccord Genuity restated a “hold” rating and issued a $7.00 target price on shares of Maxwell Technologies in a research note on Tuesday, August 8th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Maxwell Technologies in a research note on Tuesday, August 8th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $7.00 target price on shares of Maxwell Technologies in a research note on Thursday, August 10th. One investment 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 stock has an average rating of “Hold” and a consensus price target of $7.00.
A hedge fund recently raised its stake in Maxwell Technologies stock. State Street Corp raised its stake in shares of Maxwell Technologies, Inc. (NASDAQ:MXWL) by 15.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 493,335 shares of the electronics maker’s stock after buying an additional 65,969 shares during the quarter. State Street Corp owned about 1.39% of Maxwell Technologies worth $2,956,000 at the end of the most recent quarter. 45.89% of the stock is currently owned by institutional investors and hedge funds.
About Maxwell Technologies
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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