BWX Technologies (NYSE:BWXT) Releases Earnings Results, Beats Estimates By $0.09 EPS

BWX Technologies (NYSE:BWXT) issued its earnings results on Monday. The technology company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09, Briefing.com reports. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. The firm had revenue of $603.97 million during the quarter, compared to analyst estimates of $599.92 million. During the same quarter in the prior year, the business earned $0.70 earnings per share. BWX Technologies’s revenue for the quarter was up 6.3% on a year-over-year basis. BWX Technologies updated its FY24 guidance to $3.05-3.20 EPS and its FY 2024 guidance to 3.050-3.200 EPS.

BWX Technologies Trading Down 0.1 %

NYSE:BWXT opened at $88.00 on Thursday. BWX Technologies has a 52 week low of $60.17 and a 52 week high of $107.18. The firm has a 50 day moving average of $98.52 and a 200 day moving average of $86.33. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 3.10 and a beta of 0.75.

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Friday, May 17th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.96 dividend on an annualized basis and a yield of 1.09%. BWX Technologies’s payout ratio is 34.66%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft cut their price target on shares of BWX Technologies from $111.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday. Truist Financial reiterated a “hold” rating and set a $95.00 price target (down from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Finally, Bank of America upped their price target on shares of BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $92.43.

BWX Technologies Company Profile

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.