Maxar Technologies Inc (NYSE:MAXR) Declares Quarterly Dividend of $0.01

Maxar Technologies Inc (NYSE:MAXR) declared a quarterly dividend on Thursday, August 1st, Zacks reports. Investors of record on Friday, September 13th will be given a dividend of 0.01 per share on Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Thursday, September 12th.

Maxar Technologies has a dividend payout ratio of 0.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Maxar Technologies to earn $0.98 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 4.1%.

MAXR traded up $0.90 during trading on Tuesday, hitting $7.93. The company’s stock had a trading volume of 153,819 shares, compared to its average volume of 1,126,727. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 4.28. Maxar Technologies has a one year low of $3.83 and a one year high of $37.71. The firm has a market cap of $420.75 million, a PE ratio of -2.73 and a beta of 0.63. The business’s 50 day simple moving average is $7.14 and its 200-day simple moving average is $6.56.

Maxar Technologies (NYSE:MAXR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.19. Maxar Technologies had a negative net margin of 64.83% and a negative return on equity of 7.35%. The firm had revenue of $490.00 million during the quarter, compared to the consensus estimate of $519.36 million. During the same quarter in the previous year, the firm posted ($0.70) EPS. The company’s revenue for the quarter was down 15.4% compared to the same quarter last year. Equities research analysts expect that Maxar Technologies will post -1.49 EPS for the current fiscal year.

MAXR has been the subject of a number of analyst reports. Raymond James restated an “outperform” rating and issued a $20.00 price target on shares of Maxar Technologies in a research report on Wednesday, August 7th. Credit Suisse Group set a $5.00 price objective on Maxar Technologies and gave the company a “sell” rating in a research report on Monday, July 15th. ValuEngine upgraded Maxar Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 1st. Zacks Investment Research raised shares of Maxar Technologies from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a report on Friday, August 9th. Finally, National Bank Financial raised their target price on shares of Maxar Technologies from $7.00 to $8.50 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $12.60.

Maxar Technologies Company Profile

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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Dividend History for Maxar Technologies (NYSE:MAXR)

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