Maxwell Technologies, Inc. (NASDAQ:MXWL) Issues Earnings Results, Beats Estimates By $0.06 EPS

Maxwell Technologies, Inc. (NASDAQ:MXWL) released its quarterly earnings data on Monday, August 7th. The electronics maker reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.06, RTT News reports. 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 firm’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.13) earnings per share. Maxwell Technologies updated its Q3 guidance to ($0.14) EPS.

Shares of Maxwell Technologies (NASDAQ MXWL) traded up 0.90% during trading on Friday, reaching $5.58. The company had a trading volume of 98,844 shares. The firm’s market capitalization is $198.24 million. Maxwell Technologies has a 52-week low of $4.39 and a 52-week high of $6.48. The company has a 50 day moving average of $5.82 and a 200-day moving average of $5.65.

In other Maxwell Technologies news, Director Jorg Buchheim acquired 60,000 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were bought at an average cost of $5.78 per share, with a total value of $346,800.00. Following the purchase, the director now directly owns 75,653 shares of the company’s stock, valued at $437,274.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.54% of the stock is owned by insiders.

A hedge fund recently raised its stake in Maxwell Technologies stock. State Street Corp boosted its position in Maxwell Technologies, Inc. (NASDAQ:MXWL) by 15.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 493,335 shares of the electronics maker’s stock after buying an additional 65,969 shares during the period. State Street Corp owned approximately 1.39% of Maxwell Technologies worth $2,956,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 46.07% of the company’s stock.

MXWL has been the topic of a number of recent research reports. Zacks Investment Research cut Maxwell Technologies from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Canaccord Genuity reiterated a “hold” rating and issued a $7.00 target price on shares of Maxwell Technologies in a research note on Tuesday, August 8th. Roth Capital set a $6.00 price objective on shares of Maxwell Technologies and gave the company a “hold” rating 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, ValuEngine upgraded shares of Maxwell Technologies from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Maxwell Technologies presently has an average rating of “Hold” and a consensus price target of $6.50.

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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.

Earnings History for Maxwell Technologies (NASDAQ:MXWL)

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