Maxar Technologies (NYSE:MAXR) released its quarterly earnings results on Sunday. The company reported ($1.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($1.24), MarketWatch Earnings reports. Maxar Technologies had a net margin of 23.17% and a negative return on equity of 12.49%. The company had revenue of $392.00 million during the quarter, compared to analysts’ expectations of $435.81 million. During the same period last year, the firm posted ($0.80) earnings per share. Maxar Technologies’s revenue was up 2.9% on a year-over-year basis.
Shares of Maxar Technologies stock traded down $10.15 on Tuesday, hitting $29.08. 9,775,581 shares of the company’s stock traded hands, compared to its average volume of 1,691,465. The stock has a market cap of $1.79 billion, a P/E ratio of 4.73 and a beta of 1.45. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 2.42. The firm’s 50-day moving average is $38.58 and its 200 day moving average is $37.81. Maxar Technologies has a 52-week low of $8.65 and a 52-week high of $58.75.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend is Monday, June 14th. Maxar Technologies’s dividend payout ratio is presently -1.90%.
A number of brokerages have issued reports on MAXR. TD Securities cut their target price on Maxar Technologies from $51.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. upgraded Maxar Technologies from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $55.00 to $47.00 in a research note on Wednesday, March 31st. Truist Securities assumed coverage on Maxar Technologies in a research note on Tuesday, March 23rd. They issued a “buy” rating and a $59.00 price objective on the stock. Canaccord Genuity reduced their price objective on Maxar Technologies from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, March 25th. Finally, Raymond James cut their price target on Maxar Technologies from $55.00 to $50.00 and set a “market perform” rating on the stock in a research note on Tuesday. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $47.80.
Maxar Technologies Company Profile
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 Earth Intelligence and Space Infrastructure segments. The Earth Intelligence segment offers earth imagery products, including orthorectified imagery, imagery basemap, 3D and elevation, and information products; and SecureWatch, a subscription offering that provides online access to imagery and geospatial intelligence platform.
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