Brokerages Expect Maxwell Technologies Inc. (MXWL) Will Announce Quarterly Sales of $32.00 Million

Equities research analysts predict that Maxwell Technologies Inc. (NASDAQ:MXWL) will announce $32.00 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Maxwell Technologies’ earnings. Maxwell Technologies reported sales of $26.69 million during the same quarter last year, which would suggest a positive year over year growth rate of 19.9%. The firm is scheduled to report its next earnings results on Tuesday, May 8th.

On average, analysts expect that Maxwell Technologies will report full year sales of $32.00 million for the current fiscal year, with estimates ranging from $140.00 million to $149.10 million. For the next year, analysts anticipate that the firm will post sales of $164.95 million per share, with estimates ranging from $160.00 million to $169.90 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Maxwell Technologies.

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Maxwell Technologies (NASDAQ:MXWL) last issued its quarterly earnings results on Thursday, February 15th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). The business had revenue of $30.80 million for the quarter, compared to analyst estimates of $31.52 million. Maxwell Technologies had a negative return on equity of 30.48% and a negative net margin of 33.08%. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.32) earnings per share.

MXWL has been the topic of a number of recent analyst reports. UBS raised Maxwell Technologies from a “market perform” rating to an “outperform” rating in a research report on Friday, February 16th. Zacks Investment Research downgraded Maxwell Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. ValuEngine raised Maxwell Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Oppenheimer raised shares of Maxwell Technologies from a “market perform” rating to an “outperform” rating and set a $7.00 price objective on the stock in a report on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $6.92.

Shares of MXWL stock traded down $0.06 during mid-day trading on Wednesday, hitting $6.04. The stock had a trading volume of 182,897 shares, compared to its average volume of 154,260. The firm has a market capitalization of $227.03, a P/E ratio of -4.99 and a beta of 0.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.75 and a current ratio of 2.41. Maxwell Technologies has a 1-year low of $4.29 and a 1-year high of $6.61.

In other news, CEO Franz Fink sold 4,502 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $5.95, for a total transaction of $26,786.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.54% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in MXWL. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Maxwell Technologies during the fourth quarter valued at $2,612,000. Van Den Berg Management I Inc. grew its holdings in shares of Maxwell Technologies by 11.6% during the fourth quarter. Van Den Berg Management I Inc. now owns 2,269,682 shares of the electronics maker’s stock valued at $13,073,000 after buying an additional 235,014 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Maxwell Technologies by 9.0% during the third quarter. Neuberger Berman Group LLC now owns 2,126,701 shares of the electronics maker’s stock valued at $10,910,000 after buying an additional 175,641 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of Maxwell Technologies by 832.1% during the fourth quarter. Two Sigma Investments LP now owns 113,685 shares of the electronics maker’s stock valued at $655,000 after buying an additional 101,488 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Maxwell Technologies by 7.1% during the second quarter. Vanguard Group Inc. now owns 1,375,329 shares of the electronics maker’s stock valued at $8,238,000 after buying an additional 91,179 shares during the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

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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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