-$0.40 EPS Expected for Maxar Technologies Inc (NYSE:MAXR) This Quarter

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Wall Street analysts predict that Maxar Technologies Inc (NYSE:MAXR) will announce ($0.40) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Maxar Technologies’ earnings. Maxar Technologies posted earnings of $0.75 per share during the same quarter last year, which would suggest a negative year over year growth rate of 153.3%. The company is expected to announce its next earnings report on Wednesday, October 30th.

According to Zacks, analysts expect that Maxar Technologies will report full year earnings of ($1.51) per share for the current fiscal year, with EPS estimates ranging from ($1.52) to ($1.49). For the next financial year, analysts anticipate that the business will post earnings of ($1.47) per share, with EPS estimates ranging from ($1.71) to ($1.22). Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Maxar Technologies.

Maxar Technologies (NYSE:MAXR) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.19. The firm had revenue of $490.00 million for the quarter, compared to analysts’ expectations of $519.36 million. Maxar Technologies had a negative return on equity of 7.35% and a negative net margin of 64.83%. The company’s revenue for the quarter was down 15.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.70) earnings per share.

Several analysts have commented on MAXR shares. TD Securities raised their price objective on shares of Maxar Technologies from $8.50 to $9.50 and gave the stock a “hold” rating in a report on Wednesday, September 11th. BMO Capital Markets set a $8.00 price objective on shares of Maxar Technologies and gave the stock a “hold” rating in a report on Wednesday, August 7th. Raymond James restated an “outperform” rating and issued a $20.00 price objective on shares of Maxar Technologies in a report on Wednesday, August 7th. JPMorgan Chase & Co. assumed coverage on shares of Maxar Technologies in a report on Tuesday, September 10th. They issued an “overweight” rating and a $12.00 price objective for the company. Finally, Zacks Investment Research lowered shares of Maxar Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Maxar Technologies presently has an average rating of “Hold” and an average target price of $12.70.

Shares of NYSE MAXR traded up $0.03 during trading hours on Wednesday, hitting $7.88. The company’s stock had a trading volume of 51,480 shares, compared to its average volume of 1,827,953. The company has a debt-to-equity ratio of 4.28, a quick ratio of 0.94 and a current ratio of 0.97. The stock has a market cap of $467.95 million, a price-to-earnings ratio of -2.72 and a beta of 0.66. Maxar Technologies has a 12 month low of $3.83 and a 12 month high of $32.82. The business has a 50-day simple moving average of $7.72 and a 200-day simple moving average of $6.95.

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Thursday, September 12th. Maxar Technologies’s dividend payout ratio (DPR) is presently -1.38%.

Hedge funds have recently modified their holdings of the company. Nuveen Asset Management LLC purchased a new position in shares of Maxar Technologies during the 2nd quarter valued at $2,051,000. Jane Street Group LLC purchased a new stake in Maxar Technologies in the 2nd quarter worth $297,000. D. E. Shaw & Co. Inc. lifted its stake in Maxar Technologies by 156.7% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 65,044 shares of the company’s stock worth $510,000 after purchasing an additional 39,704 shares in the last quarter. PointState Capital LP purchased a new stake in Maxar Technologies in the 2nd quarter worth $5,956,000. Finally, Mackenzie Financial Corp lifted its stake in Maxar Technologies by 12.1% in the 2nd quarter. Mackenzie Financial Corp now owns 8,207,661 shares of the company’s stock worth $64,184,000 after purchasing an additional 883,540 shares in the last quarter. 74.62% of the stock is owned by hedge funds and other institutional investors.

About Maxar Technologies

Maxar Technologies Inc, a space and geospatial intelligence company, provides space technology solutions for 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, satellite payloads and antenna subsystems, space-based and airborne surveillance solutions, and robotic systems and associated ground infrastructure and support services for communications and surveillance and intelligence applications.

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