Maxar Technologies (MAXR) Scheduled to Post Earnings on Monday

Maxar Technologies (NYSE:MAXRGet Rating) is scheduled to announce its earnings results after the market closes on Monday, May 9th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Maxar Technologies (NYSE:MAXRGet Rating) last announced its quarterly earnings data on Tuesday, February 22nd. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.25. The firm had revenue of $468.00 million for the quarter, compared to analysts’ expectations of $460.49 million. Maxar Technologies had a negative return on equity of 0.15% and a net margin of 2.60%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the business posted ($0.85) earnings per share. On average, analysts expect Maxar Technologies to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

MAXR stock opened at $32.21 on Monday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.79 and a current ratio of 0.85. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 74.91 and a beta of 1.24. Maxar Technologies has a 1 year low of $22.92 and a 1 year high of $42.59. The stock’s fifty day moving average is $35.33 and its two-hundred day moving average is $30.95.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date is Tuesday, June 14th. Maxar Technologies’s payout ratio is currently 9.30%.

Several large investors have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Maxar Technologies in the 4th quarter valued at $10,137,000. BlackRock Inc. lifted its position in Maxar Technologies by 1.5% during the 4th quarter. BlackRock Inc. now owns 5,511,471 shares of the company’s stock worth $162,754,000 after buying an additional 78,850 shares in the last quarter. Vident Investment Advisory LLC lifted its position in Maxar Technologies by 30.0% during the 4th 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. Wells Fargo & Company MN lifted its position in Maxar Technologies by 12.5% during the 4th quarter. Wells Fargo & Company MN now owns 209,260 shares of the company’s stock valued at $6,180,000 after purchasing an additional 23,200 shares during the period. Finally, Jaffetilchin Investment Partners LLC acquired a new position in Maxar Technologies during the 4th quarter valued at about $319,000. Institutional investors own 74.52% of the company’s stock.

A number of equities research analysts have commented on the company. Canaccord Genuity Group raised their price objective on Maxar Technologies from $32.00 to $42.00 and gave the stock a “hold” rating in a research report on Wednesday, April 13th. Zacks Investment Research upgraded Maxar Technologies from a “sell” rating to a “hold” rating and set a $35.00 price target for the company in a report on Wednesday, March 2nd. BMO Capital Markets reduced their price target on Maxar Technologies to C$33.00 in a report on Wednesday, February 23rd. TheStreet upgraded Maxar Technologies from a “d+” rating to a “c” rating in a report on Tuesday, March 22nd. Finally, Canaccord Genuity Group lifted their price target on Maxar Technologies from $32.00 to $42.00 and gave the company a “hold” rating in a report on Wednesday, April 13th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $41.93.

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.

Further Reading

Earnings History for Maxar Technologies (NYSE:MAXR)

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