Maxar Technologies (NYSE:MAXR) Posts Quarterly Earnings Results, Misses Estimates By $1.24 EPS

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Maxar Technologies (NYSE:MAXR) posted its quarterly earnings data on Sunday. The company reported ($1.30) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($1.24), MarketWatch Earnings reports. Maxar Technologies had a negative return on equity of 12.49% and a net margin of 23.17%. The business had revenue of $392.00 million for the quarter, compared to analyst estimates of $435.81 million. During the same period in the prior year, the firm posted ($0.80) EPS. Maxar Technologies’s revenue for the quarter was up 2.9% on a year-over-year basis.

Shares of MAXR stock traded down $10.15 during trading hours on Tuesday, hitting $29.08. The company had a trading volume of 9,777,672 shares, compared to its average volume of 1,691,390. Maxar Technologies has a 12 month low of $8.65 and a 12 month high of $58.75. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 4.73 and a beta of 1.45. The firm’s fifty day moving average is $38.58 and its 200 day moving average is $37.81. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.77 and a current ratio of 0.81.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Monday, June 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.14%. Maxar Technologies’s dividend payout ratio is currently -1.90%.

Several equities analysts recently weighed in on the company. Zacks Investment Research cut Maxar Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday. Credit Suisse Group cut their price objective on Maxar Technologies from $56.00 to $55.00 and set a “neutral” rating for the company in a research report on Monday, March 22nd. JPMorgan Chase & Co. raised Maxar Technologies from a “neutral” rating to an “overweight” rating and cut their price target for the company from $55.00 to $47.00 in a report on Wednesday, March 31st. Truist Securities started coverage on Maxar Technologies in a report on Tuesday, March 23rd. They issued a “buy” rating and a $59.00 price target for the company. Finally, Canaccord Genuity cut their price target on Maxar Technologies from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, March 25th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Maxar Technologies has a consensus rating of “Buy” and an average price target of $47.80.

In related news, CEO Daniel L. Jablonsky acquired 1,500 shares of the stock in a transaction dated Thursday, March 25th. The shares were bought at an average cost of $35.72 per share, for a total transaction of $53,580.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.87% of the company’s stock.

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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Earnings History for Maxar Technologies (NYSE:MAXR)

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