Maxar Technologies Inc. (NYSE:MAXR) Expected to Post Earnings of $0.15 Per Share

Analysts forecast that Maxar Technologies Inc. (NYSE:MAXR) will report $0.15 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Maxar Technologies’ earnings. The lowest EPS estimate is $0.10 and the highest is $0.24. Maxar Technologies posted earnings per share of ($0.02) in the same quarter last year, which indicates a positive year over year growth rate of 850%. The firm is expected to report its next quarterly earnings report on Thursday, November 4th.

According to Zacks, analysts expect that Maxar Technologies will report full-year earnings of ($0.14) per share for the current year, with EPS estimates ranging from ($0.26) to $0.11. For the next fiscal year, analysts anticipate that the business will report earnings of $1.02 per share, with EPS estimates ranging from $0.82 to $1.37. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Maxar Technologies.

Maxar Technologies (NYSE:MAXR) last announced its quarterly earnings results on Wednesday, August 4th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.44. Maxar Technologies had a net margin of 0.34% and a negative return on equity of 8.21%. The company had revenue of $473.00 million for the quarter, compared to analysts’ expectations of $443.95 million. During the same quarter in the previous year, the business posted $4.94 EPS. Maxar Technologies’s revenue was up 7.7% compared to the same quarter last year.

MAXR has been the topic of several research reports. Morgan Stanley dropped their target price on shares of Maxar Technologies from $50.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday, August 9th. Canaccord Genuity downgraded Maxar Technologies to a “hold” rating and set a $40.00 price target on the stock. in a research note on Friday, August 13th. Bank of America assumed coverage on Maxar Technologies in a report on Tuesday, June 22nd. They issued a “neutral” rating and a $45.00 target price on the stock. TD Securities cut their price target on Maxar Technologies from $45.00 to $42.00 and set a “buy” rating for the company in a research note on Tuesday, August 24th. They noted that the move was a valuation call. Finally, Robert W. Baird started coverage on shares of Maxar Technologies in a research report on Wednesday, July 14th. They issued a “neutral” rating and a $39.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $44.00.

MAXR traded up $0.61 during trading on Friday, hitting $30.14. 9,024 shares of the company’s stock traded hands, compared to its average volume of 1,360,839. The company’s 50 day simple moving average is $32.31 and its two-hundred day simple moving average is $35.55. The company has a current ratio of 0.86, a quick ratio of 0.79 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of -2,987.00 and a beta of 1.34. Maxar Technologies has a 12-month low of $21.05 and a 12-month high of $58.75.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Wednesday, September 15th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date is Tuesday, September 14th. Maxar Technologies’s dividend payout ratio (DPR) is presently -2.07%.

In other Maxar Technologies news, EVP Walter S. Scott acquired 1,793 shares of the stock in a transaction on Tuesday, August 17th. The stock was acquired at an average price of $28.89 per share, for a total transaction of $51,799.77. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Boston Partners raised its position in Maxar Technologies by 12,960.9% in the 2nd quarter. Boston Partners now owns 2,887,885 shares of the company’s stock worth $115,261,000 after purchasing an additional 2,865,774 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Maxar Technologies by 119.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,052,253 shares of the company’s stock worth $81,925,000 after buying an additional 1,117,477 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Maxar Technologies by 20.2% in the first quarter. BlackRock Inc. now owns 5,983,243 shares of the company’s stock valued at $226,285,000 after acquiring an additional 1,005,932 shares in the last quarter. State Street Corp lifted its stake in Maxar Technologies by 23.4% in the second quarter. State Street Corp now owns 3,063,535 shares of the company’s stock worth $122,296,000 after acquiring an additional 580,294 shares during the period. Finally, Letko Brosseau & Associates Inc. purchased a new stake in Maxar Technologies in the second quarter worth about $19,446,000.

Maxar Technologies Company Profile

Maxar Technologies Inc provides earth intelligence and space infrastructure solutions in the United States, Asia, South America, Europe, the Middle East, Australia, Canada, and internationally. It operates through Earth Intelligence and Space Infrastructure segments. The Earth Intelligence segment offers earth imagery products, including orthorectified imagery, imagery basemap, 3D and elevation, and information products; and SecureWatch, a subscription offering that provides online access to imagery and geospatial intelligence platform.

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Earnings History and Estimates for Maxar Technologies (NYSE:MAXR)

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