Maxar Technologies (MAXR) Set to Announce Earnings on Thursday – MarketBeat
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Maxar Technologies (NYSE:MAXR – Get Rating) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 3rd. Analysts expect Maxar Technologies to post earnings of $0.31 per share for the quarter. Maxar Technologies has set its FY 2022 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.
Maxar Technologies (NYSE:MAXR – Get Rating) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.08 by $0.08. Maxar Technologies had a return on equity of 2.93% and a net margin of 2.75%. The company had revenue of $438.00 million for the quarter, compared to analyst estimates of $453.89 million. On average, analysts expect Maxar Technologies to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Maxar Technologies Stock Up 1.2 %
Shares of MAXR opened at $21.57 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 1.52. Maxar Technologies has a 12 month low of $17.51 and a 12 month high of $40.48. The stock’s 50 day moving average is $21.66 and its two-hundred day moving average is $26.44. The firm has a market cap of $1.60 billion, a P/E ratio of 34.79, a PEG ratio of 0.75 and a beta of 1.38.
Analyst Upgrades and Downgrades
Several analysts have commented on MAXR shares. Truist Financial dropped their price objective on Maxar Technologies from $52.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, August 10th. Robert W. Baird lowered their price target on Maxar Technologies from $52.00 to $45.00 in a research note on Wednesday, August 10th. Royal Bank of Canada lowered their price target on Maxar Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 10th. Morgan Stanley lowered their price target on Maxar Technologies from $44.00 to $43.00 and set an “overweight” rating on the stock in a research note on Thursday, August 11th. Finally, Wells Fargo & Company lowered their price target on Maxar Technologies from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, August 11th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $39.67.
Institutional Trading of Maxar Technologies
A number of hedge funds have recently modified their holdings of MAXR. Raymond James & Associates lifted its position in shares of Maxar Technologies by 3.1% in the 1st quarter. Raymond James & Associates now owns 85,485 shares of the company’s stock worth $3,373,000 after acquiring an additional 2,536 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Maxar Technologies by 25.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 23,762 shares of the company’s stock worth $938,000 after buying an additional 4,756 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of Maxar Technologies by 9.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,773 shares of the company’s stock worth $504,000 after buying an additional 1,094 shares during the period. HighTower Advisors LLC bought a new position in shares of Maxar Technologies during the 1st quarter worth approximately $1,408,000. Finally, MetLife Investment Management LLC lifted its position in shares of Maxar Technologies by 57.1% during the 1st quarter. MetLife Investment Management LLC now owns 39,905 shares of the company’s stock worth $1,575,000 after buying an additional 14,501 shares during the period. Institutional investors own 78.30% of the company’s stock.
Maxar Technologies Company Profile
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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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