Maxar Technologies Inc. (NYSE:MAXR) Expected to Post Quarterly Sales of $415.00 Million

Wall Street analysts predict that Maxar Technologies Inc. (NYSE:MAXRGet Rating) will announce $415.00 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Maxar Technologies’ earnings, with the lowest sales estimate coming in at $390.00 million and the highest estimate coming in at $440.00 million. Maxar Technologies posted sales of $392.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5.9%. The company is expected to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Maxar Technologies will report full-year sales of $1.86 billion for the current financial year, with estimates ranging from $1.82 billion to $1.93 billion. For the next financial year, analysts forecast that the company will post sales of $1.99 billion, with estimates ranging from $1.92 billion to $2.08 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Maxar Technologies.

Maxar Technologies (NYSE:MAXRGet Rating) last announced its earnings results on Tuesday, February 22nd. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.25. Maxar Technologies had a net margin of 2.60% and a negative return on equity of 0.15%. The business had revenue of $468.00 million for the quarter, compared to analyst estimates of $460.49 million. During the same period last year, the firm posted ($0.85) earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year.

A number of research firms have commented on MAXR. TheStreet raised shares of Maxar Technologies from a “d+” rating to a “c” rating in a report on Tuesday, March 22nd. Canaccord Genuity Group lifted their price objective on shares of Maxar Technologies from $32.00 to $42.00 and gave the company a “hold” rating in a research note on Wednesday, April 13th. BMO Capital Markets cut their price objective on shares of Maxar Technologies to C$33.00 in a research note on Wednesday, February 23rd. Royal Bank of Canada lifted their price objective on shares of Maxar Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, March 30th. Finally, Zacks Investment Research upgraded shares of Maxar Technologies from a “sell” rating to a “hold” rating and set a $35.00 price target on the stock in a research report on Wednesday, March 2nd. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $41.93.

Several hedge funds have recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC bought a new position in Maxar Technologies during the first quarter valued at $227,000. Norges Bank purchased a new stake in shares of Maxar Technologies during the fourth quarter worth $10,137,000. BlackRock Inc. lifted its position in shares of Maxar Technologies by 1.5% during the fourth quarter. BlackRock Inc. now owns 5,511,471 shares of the company’s stock worth $162,754,000 after acquiring an additional 78,850 shares in the last quarter. Vident Investment Advisory LLC raised its position in shares of Maxar Technologies by 30.0% in the fourth quarter. Vident Investment Advisory LLC now owns 23,153 shares of the company’s stock worth $684,000 after buying an additional 5,345 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Maxar Technologies by 12.5% in the fourth quarter. Wells Fargo & Company MN now owns 209,260 shares of the company’s stock worth $6,180,000 after buying an additional 23,200 shares in the last quarter. 75.15% of the stock is owned by institutional investors.

Maxar Technologies stock opened at $38.69 on Tuesday. The stock has a market capitalization of $2.84 billion, a P/E ratio of 89.98 and a beta of 1.24. Maxar Technologies has a 12-month low of $22.92 and a 12-month high of $42.59. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.85 and a quick ratio of 0.79. The firm’s 50-day moving average is $34.01 and its two-hundred day moving average is $30.52.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 15th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date of this dividend was Monday, March 14th. Maxar Technologies’s dividend payout ratio is currently 9.30%.

Maxar Technologies Company Profile (Get Rating)

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 two segments, Earth Intelligence and Space Infrastructure. The Earth Intelligence segment offers earth imagery and other geospatial data sourced from its advanced satellite constellation and third-party providers to public sector and enterprise customers, as well as a provides advanced geospatial information, applications, and analytic services for national security and commercial solutions.

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Earnings History and Estimates for Maxar Technologies (NYSE:MAXR)

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