Maxar Technologies Inc. (NYSE:MAXR) Expected to Announce Quarterly Sales of $399.50 Million

Analysts expect Maxar Technologies Inc. (NYSE:MAXRGet Rating) to post sales of $399.50 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Maxar Technologies’ earnings, with the highest sales estimate coming in at $409.00 million and the lowest estimate coming in at $390.00 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 1.9%. The company is expected to announce its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Maxar Technologies will report full-year sales of $1.85 billion for the current year, with estimates ranging from $1.81 billion to $1.93 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.99 billion, with estimates ranging from $1.91 billion to $2.08 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Maxar Technologies.

Maxar Technologies (NYSE:MAXRGet Rating) last announced its earnings results on Monday, May 9th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.02. Maxar Technologies had a negative return on equity of 0.15% and a net margin of 2.60%. The company had revenue of $405.00 million for the quarter, compared to analyst estimates of $416.49 million. During the same period in the prior year, the company posted ($1.30) EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year.

A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of 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. Canaccord Genuity Group upped their target price on Maxar Technologies from $32.00 to $42.00 and gave the company a “hold” rating in a research report on Wednesday, April 13th. Canaccord Genuity Group raised their price target on shares of Maxar Technologies from $32.00 to $42.00 and gave the stock a “hold” rating in a research report on Wednesday, April 13th. BMO Capital Markets dropped their price objective on shares of Maxar Technologies to C$33.00 in a report on Wednesday, February 23rd. Finally, Royal Bank of Canada boosted their target price on shares of Maxar Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, March 30th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Maxar Technologies has an average rating of “Hold” and a consensus price target of $41.31.

A number of hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC grew its position in shares of Maxar Technologies by 2.4% in the third quarter. Commonwealth Equity Services LLC now owns 24,008 shares of the company’s stock valued at $679,000 after purchasing an additional 571 shares during the period. Raymond James & Associates grew its position in shares of Maxar Technologies by 4.5% in the third quarter. Raymond James & Associates now owns 81,147 shares of the company’s stock valued at $2,298,000 after purchasing an additional 3,525 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of Maxar Technologies by 23.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 59,648 shares of the company’s stock valued at $1,689,000 after purchasing an additional 11,249 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Maxar Technologies by 49.6% in the third quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the company’s stock valued at $162,000 after purchasing an additional 1,905 shares during the period. Finally, Advisor Group Holdings Inc. increased its position in shares of Maxar Technologies by 56.7% during the third quarter. Advisor Group Holdings Inc. now owns 30,160 shares of the company’s stock worth $854,000 after purchasing an additional 10,907 shares in the last quarter. Institutional investors own 74.52% of the company’s stock.

Shares of NYSE:MAXR opened at $28.84 on Tuesday. The business’s 50-day moving average is $35.75 and its 200 day moving average is $31.07. The firm has a market capitalization of $2.12 billion, a P/E ratio of 67.07 and a beta of 1.30. Maxar Technologies has a 1 year low of $22.92 and a 1 year 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 also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.14%. Maxar Technologies’s dividend payout ratio is currently 9.30%.

About Maxar Technologies (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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