Equities analysts forecast that Maxwell Technologies Inc. (NASDAQ:MXWL) will post $26.02 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Maxwell Technologies’ earnings, with the highest sales estimate coming in at $26.35 million and the lowest estimate coming in at $25.70 million. Maxwell Technologies posted sales of $30.76 million in the same quarter last year, which suggests a negative year-over-year growth rate of 15.4%. The business is expected to announce its next quarterly earnings results on Thursday, February 21st.
According to Zacks, analysts expect that Maxwell Technologies will report full year sales of $117.62 million for the current fiscal year, with estimates ranging from $117.30 million to $117.96 million. For the next year, analysts expect that the company will report sales of $133.82 million, with estimates ranging from $129.80 million to $136.65 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Maxwell Technologies.
Maxwell Technologies (NASDAQ:MXWL) last announced its quarterly earnings results on Tuesday, November 6th. The electronics maker reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.02. The company had revenue of $33.70 million during the quarter, compared to the consensus estimate of $34.04 million. Maxwell Technologies had a negative net margin of 31.86% and a negative return on equity of 35.32%. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.13) earnings per share.
Shares of NASDAQ:MXWL traded up $0.06 during trading on Friday, hitting $2.57. 172,912 shares of the company were exchanged, compared to its average volume of 292,369. The company has a market capitalization of $115.13 million, a PE ratio of -2.82 and a beta of 0.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.91 and a current ratio of 3.22. Maxwell Technologies has a 1-year low of $2.23 and a 1-year high of $6.27.
A number of hedge funds and other institutional investors have recently bought and sold shares of MXWL. AWM Investment Company Inc. increased its holdings in Maxwell Technologies by 158.6% in the third quarter. AWM Investment Company Inc. now owns 2,431,963 shares of the electronics maker’s stock valued at $8,488,000 after purchasing an additional 1,491,348 shares during the period. Mak Capital One LLC increased its holdings in Maxwell Technologies by 87.2% in the second quarter. Mak Capital One LLC now owns 2,944,521 shares of the electronics maker’s stock valued at $15,312,000 after purchasing an additional 1,371,620 shares during the period. Neuberger Berman Group LLC increased its holdings in Maxwell Technologies by 33.2% in the third quarter. Neuberger Berman Group LLC now owns 2,377,391 shares of the electronics maker’s stock valued at $8,295,000 after purchasing an additional 592,969 shares during the period. Vanguard Group Inc. increased its holdings in Maxwell Technologies by 26.2% in the third quarter. Vanguard Group Inc. now owns 2,024,138 shares of the electronics maker’s stock valued at $7,064,000 after purchasing an additional 420,524 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in Maxwell Technologies by 61.8% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 684,883 shares of the electronics maker’s stock valued at $2,390,000 after purchasing an additional 261,700 shares during the period. Institutional investors and hedge funds own 59.78% of the company’s stock.
Maxwell Technologies Company Profile
Maxwell Technologies, Inc develops, manufactures, and markets energy storage and power delivery products worldwide. The company provides ultracapacitor cells, multi-cell packs, modules, and subsystems that provide energy storage and power delivery solutions for applications in automotive, grid energy storage, wind, bus, industrial, and truck industries; and lithium-ion capacitors, which are energy storage devices designed to address various applications in the rail, grid, and industrial markets.
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