Maxar Technologies Inc (NYSE:MAXR) declared a quarterly dividend on Wednesday, July 29th, Zacks reports. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.01 per share on Wednesday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Monday, September 14th.
Maxar Technologies has decreased its dividend payment by an average of 96.5% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Maxar Technologies has a dividend payout ratio of -1.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Maxar Technologies to earn ($0.66) per share next year, which means the company may not be able to cover its $0.04 annual dividend with an expected future payout ratio of -6.1%.
Shares of MAXR traded down $0.20 during trading hours on Friday, reaching $17.70. The company had a trading volume of 12,421 shares, compared to its average volume of 1,103,969. The firm has a 50 day simple moving average of $16.52 and a 200-day simple moving average of $14.56. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 4.45. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.25 and a beta of 1.44. Maxar Technologies has a 12-month low of $6.06 and a 12-month high of $21.45.
Maxar Technologies (NYSE:MAXR) last announced its quarterly earnings results on Monday, May 11th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.69) by ($0.38). The company had revenue of $381.00 million during the quarter, compared to analysts’ expectations of $420.00 million. Maxar Technologies had a net margin of 6.53% and a negative return on equity of 16.07%. Sell-side analysts forecast that Maxar Technologies will post -1.91 earnings per share for the current year.
A number of equities research analysts recently commented on the stock. TD Securities increased their price objective on shares of Maxar Technologies from $20.00 to $25.00 and gave the company a “speculative buy” rating in a research note on Thursday, June 25th. Royal Bank of Canada reissued a “buy” rating and issued a $21.00 price objective on shares of Maxar Technologies in a research note on Thursday. Credit Suisse Group increased their price objective on shares of Maxar Technologies from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. raised their price target on shares of Maxar Technologies from $16.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Finally, BMO Capital Markets raised their target price on shares of Maxar Technologies from $11.00 to $12.00 and gave the stock a “market perform” rating in a research report on Thursday, April 23rd. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Maxar Technologies presently has a consensus rating of “Hold” and a consensus price target of $17.60.
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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