Wall Street analysts predict that Maxar Technologies Inc. (NYSE:MAXR) will announce $467.50 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Maxar Technologies' earnings. The highest sales estimate is $469.00 million and the lowest is $466.00 million. Maxar Technologies reported sales of $467.00 million in the same quarter last year, which indicates a positive year over year growth rate of 0.1%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 23rd.
According to Zacks, analysts expect that Maxar Technologies will report full year sales of $1.77 billion for the current financial year, with estimates ranging from $1.76 billion to $1.77 billion. For the next year, analysts expect that the business will report sales of $1.87 billion, with estimates ranging from $1.83 billion to $1.93 billion. Zacks Investment Research's sales calculations are a mean average based on a survey of analysts that cover Maxar Technologies.
Maxar Technologies (NYSE:MAXR) last issued its earnings results on Wednesday, November 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.04. The business had revenue of $437.00 million during the quarter, compared to the consensus estimate of $453.00 million. Maxar Technologies had a negative return on equity of 6.40% and a negative net margin of 3.67%. During the same period in the prior year, the business posted ($0.02) EPS.
A number of equities analysts have recently issued reports on MAXR shares. Robert W. Baird raised Maxar Technologies from a "neutral" rating to an "outperform" rating and set a $39.00 target price for the company in a research note on Thursday, November 4th. Zacks Investment Research raised Maxar Technologies from a "hold" rating to a "strong-buy" rating and set a $35.00 price objective for the company in a research note on Tuesday. Finally, TD Securities raised their price objective on Maxar Technologies from $42.00 to $44.00 and gave the company a "buy" rating in a research note on Thursday, November 4th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Maxar Technologies currently has a consensus rating of "Buy" and a consensus target price of $45.15.
Shares of MAXR stock opened at $29.40 on Friday. The company has a market cap of $2.14 billion, a price-to-earnings ratio of -25.34 and a beta of 1.29. The stock has a 50 day simple moving average of $29.26 and a 200-day simple moving average of $31.18. Maxar Technologies has a 12-month low of $25.07 and a 12-month high of $58.75. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 1.55.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 31st. Stockholders of record on Wednesday, December 15th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend was Tuesday, December 14th. Maxar Technologies's dividend payout ratio (DPR) is -3.45%.
In other Maxar Technologies news, EVP Walter S. Scott acquired 1,867 shares of the firm's stock in a transaction dated Tuesday, November 23rd. The shares were acquired at an average price of $29.52 per share, for a total transaction of $55,113.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of MAXR. Boston Partners boosted its holdings in Maxar Technologies by 12,960.9% in the second quarter. Boston Partners now owns 2,887,885 shares of the company's stock valued at $115,261,000 after acquiring an additional 2,865,774 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Maxar Technologies by 119.5% during the second quarter. Goldman Sachs Group Inc. now owns 2,052,253 shares of the company's stock worth $81,925,000 after purchasing an additional 1,117,477 shares in the last quarter. State Street Corp lifted its stake in shares of Maxar Technologies by 23.4% during the second quarter. State Street Corp now owns 3,063,535 shares of the company's stock worth $122,296,000 after purchasing an additional 580,294 shares in the last quarter. FMR LLC lifted its stake in shares of Maxar Technologies by 81.5% during the second quarter. FMR LLC now owns 999,513 shares of the company's stock worth $39,900,000 after purchasing an additional 448,765 shares in the last quarter. Finally, Letko Brosseau & Associates Inc. lifted its stake in shares of Maxar Technologies by 73.0% during the third quarter. Letko Brosseau & Associates Inc. now owns 842,835 shares of the company's stock worth $23,869,000 after purchasing an additional 355,710 shares in the last quarter. Hedge funds and other institutional investors own 77.02% of the company's stock.
About Maxar Technologies
Maxar Technologies Inc provides earth intelligence and space infrastructure solutions in the United States, Asia, South America, Europe, the Middle East, Australia, Canada, and internationally. It operates through Earth Intelligence and Space Infrastructure segments. The Earth Intelligence segment offers earth imagery products, including orthorectified imagery, imagery basemap, 3D and elevation, and information products; and SecureWatch, a subscription offering that provides online access to imagery and geospatial intelligence platform.
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