BWX Technologies (NYSE:BWXT) Posts Earnings Results, Beats Estimates By $0.02 EPS

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BWX Technologies (NYSE:BWXT) announced its earnings results on Sunday. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02, reports. BWX Technologies had a return on equity of 61.50% and a net margin of 13.27%. The firm had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $531.68 million. During the same quarter in the prior year, the business earned $0.79 earnings per share. The company’s revenue was down 2.6% on a year-over-year basis.

Shares of BWXT stock traded up $0.01 during trading hours on Tuesday, hitting $67.28. The company had a trading volume of 2,756 shares, compared to its average volume of 396,794. BWX Technologies has a 12 month low of $49.60 and a 12 month high of $68.67. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 2.13 and a beta of 0.96. The firm’s fifty day moving average is $66.40 and its 200 day moving average is $60.25. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.85 and a current ratio of 1.85.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Wednesday, March 10th were paid a dividend of $0.21 per share. This is a boost from BWX Technologies’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Tuesday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 1.25%. BWX Technologies’s dividend payout ratio (DPR) is currently 32.06%.

A number of research firms have weighed in on BWXT. Robert W. Baird lowered shares of BWX Technologies from an “outperform” rating to a “neutral” rating and set a $70.00 target price for the company. in a research report on Thursday, January 7th. Maxim Group raised their price objective on shares of BWX Technologies from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, April 14th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $71.40.

In related news, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 11th. The stock was sold at an average price of $57.24, for a total transaction of $57,240.00. Following the completion of the transaction, the chief financial officer now owns 68,551 shares in the company, valued at approximately $3,923,859.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 3,300 shares of company stock valued at $205,752. 0.46% of the stock is currently owned by insiders.

About BWX Technologies

BWX Technologies, Inc manufactures and sells nuclear components in the United States, Canada, and internationally. Its Nuclear Operations Group segment offers nuclear components, reactors, assemblies, and fuel for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; close-tolerance equipment for nuclear applications; research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications.

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Earnings History for BWX Technologies (NYSE:BWXT)

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