Wall Street analysts expect Maxwell Technologies, Inc. (NASDAQ:MXWL) to announce $36.40 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Maxwell Technologies’ earnings. The lowest sales estimate is $35.00 million and the highest is $37.80 million. Maxwell Technologies reported sales of $25.51 million in the same quarter last year, which would suggest a positive year over year growth rate of 42.7%. The business is scheduled to issue its next earnings results after the market closes on Wednesday, November 8th.

According to Zacks, analysts expect that Maxwell Technologies will report full year sales of $36.40 million for the current financial year, with estimates ranging from $135.80 million to $139.20 million. For the next year, analysts expect that the company will post sales of $146.55 million per share, with estimates ranging from $140.00 million to $153.10 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 Monday, August 7th. The electronics maker reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.06. Maxwell Technologies had a negative return on equity of 30.83% and a negative net margin of 34.18%. The firm had revenue of $37.10 million for the quarter, compared to analyst estimates of $33.99 million. During the same period last year, the firm posted ($0.13) earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis.

A number of analysts have recently commented on MXWL shares. Zacks Investment Research raised Maxwell Technologies from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research note on Monday, September 18th. Canaccord Genuity reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Maxwell Technologies in a research note on Tuesday, August 8th. Cowen and Company reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Maxwell Technologies in a research note on Thursday, October 12th. ValuEngine lowered Maxwell Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, September 21st. Finally, Roth Capital set a $6.00 price objective on Maxwell Technologies and gave the stock a “hold” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, four have given 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.

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Shares of Maxwell Technologies (MXWL) traded down $0.15 during mid-day trading on Wednesday, hitting $4.53. The stock had a trading volume of 157,498 shares, compared to its average volume of 175,937. Maxwell Technologies has a 12-month low of $4.40 and a 12-month high of $6.61.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bradley Foster & Sargent Inc. CT bought a new stake in shares of Maxwell Technologies during the third quarter valued at approximately $1,580,000. California State Teachers Retirement System increased its holdings in shares of Maxwell Technologies by 0.9% during the second quarter. California State Teachers Retirement System now owns 63,951 shares of the electronics maker’s stock valued at $383,000 after acquiring an additional 600 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Maxwell Technologies by 15.7% during the second quarter. The Manufacturers Life Insurance Company now owns 33,408 shares of the electronics maker’s stock valued at $200,000 after acquiring an additional 4,539 shares in the last quarter. State Street Corp increased its holdings in shares of Maxwell Technologies by 15.4% during the second quarter. State Street Corp now owns 493,335 shares of the electronics maker’s stock valued at $2,956,000 after acquiring an additional 65,969 shares in the last quarter. Finally, Institute for Wealth Management LLC. bought a new stake in shares of Maxwell Technologies during the second quarter valued at approximately $102,000. Hedge funds and other institutional investors own 45.90% of the company’s stock.

Maxwell Technologies Company Profile

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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Earnings History and Estimates for Maxwell Technologies (NASDAQ:MXWL)

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