Equities analysts expect that Maxar Technologies (NYSE:MAXR) will post $556.15 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Maxar Technologies’ earnings. The lowest sales estimate is $548.30 million and the highest is $564.00 million. Maxar Technologies posted sales of $374.45 million during the same quarter last year, which suggests a positive year-over-year growth rate of 48.5%. The business is expected to report its next earnings results on Thursday, July 26th.
On average, analysts expect that Maxar Technologies will report full-year sales of $2.23 billion for the current year, with estimates ranging from $2.22 billion to $2.25 billion. For the next financial year, analysts forecast that the business will report sales of $2.32 billion per share. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Maxar Technologies.
Get Maxar Technologies alerts:Maxar Technologies (NYSE:MAXR) last released its earnings results on Wednesday, May 9th. The company reported $1.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.45. The firm had revenue of $557.70 million for the quarter, compared to analysts’ expectations of $544.40 million. Maxar Technologies had a net margin of 6.65% and a return on equity of 10.52%. The company’s quarterly revenue was up 49.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 earnings per share.
Several research analysts have commented on MAXR shares. Zacks Investment Research lowered shares of Maxar Technologies from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. Scotiabank upgraded shares of Maxar Technologies from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, February 20th. Canaccord Genuity reiterated a “buy” rating and issued a $70.00 price target on shares of Maxar Technologies in a research note on Friday, February 23rd. Royal Bank of Canada decreased their price target on shares of Maxar Technologies from $74.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Finally, National Bank Financial decreased their price target on shares of Maxar Technologies from $70.85 to $60.00 and set a “sector perform” rating for the company in a research note on Monday, February 26th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Maxar Technologies currently has a consensus rating of “Buy” and an average target price of $64.00.
NYSE MAXR traded up $0.44 during trading on Tuesday, hitting $48.80. The company had a trading volume of 137,875 shares, compared to its average volume of 207,755. The company has a current ratio of 1.03, a quick ratio of 0.90 and a debt-to-equity ratio of 1.49. Maxar Technologies has a one year low of $42.11 and a one year high of $67.30. The firm has a market capitalization of $2.73 billion and a PE ratio of 22.91.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be paid a dividend of $0.288 per share. This represents a $1.15 annualized dividend and a yield of 2.36%. The ex-dividend date is Thursday, June 14th. Maxar Technologies’s payout ratio is 54.93%.
A number of hedge funds and other institutional investors have recently bought and sold shares of MAXR. CIBC World Markets Inc. boosted its position in Maxar Technologies by 72.4% during the first quarter. CIBC World Markets Inc. now owns 358,945 shares of the company’s stock valued at $16,601,000 after purchasing an additional 150,703 shares during the last quarter. Legal & General Group Plc boosted its position in Maxar Technologies by 52.6% during the first quarter. Legal & General Group Plc now owns 14,773 shares of the company’s stock valued at $682,000 after purchasing an additional 5,095 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in Maxar Technologies by 35.5% during the first quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 45,000 shares of the company’s stock valued at $2,681,000 after purchasing an additional 11,800 shares during the last quarter. Barclays PLC boosted its position in Maxar Technologies by 688.6% during the first quarter. Barclays PLC now owns 15,346 shares of the company’s stock valued at $711,000 after purchasing an additional 13,400 shares during the last quarter. Finally, Elk Creek Partners LLC boosted its position in Maxar Technologies by 48.1% during the first quarter. Elk Creek Partners LLC now owns 298,513 shares of the company’s stock valued at $13,806,000 after purchasing an additional 96,931 shares during the last quarter. 74.88% of the stock is owned by institutional investors.
About Maxar Technologies
Maxar Technologies Ltd., a space and geospatial intelligence company, provides satellites, earth imagery, geospatial data, and analytics for the commercial and government customers worldwide. The company operates through three segments: Space Systems, Imagery, and Services. The Space Systems segment supplies space and ground based infrastructure and information solutions, including communication and imaging satellites, payloads and antenna subsystems, space-based and airborne surveillance solutions, and associated ground infrastructure and support services for communications and surveillance and intelligence applications.
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