BWX Technologies (NYSE:BWXT) Releases FY24 Earnings Guidance

BWX Technologies (NYSE:BWXT) issued an update on its FY24 earnings guidance on Monday morning. The company provided EPS guidance of $3.10-$3.20 for the period, compared to the consensus EPS estimate of $3.18. The company issued revenue guidance of $2.60 billion, compared to the consensus revenue estimate of $2.63 billion. BWX Technologies also updated its FY 2024 guidance to 3.100-3.200 EPS.

BWX Technologies Stock Down 2.0 %

NYSE BWXT traded down $1.89 during trading on Monday, reaching $92.50. 983,989 shares of the company’s stock were exchanged, compared to its average volume of 586,545. The firm has a market capitalization of $8.46 billion, a PE ratio of 33.35, a P/E/G ratio of 3.65 and a beta of 0.68. BWX Technologies has a fifty-two week low of $70.21 and a fifty-two week high of $107.18. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.29. The company’s fifty day simple moving average is $94.79 and its 200-day simple moving average is $93.55.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, May 6th. The technology company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The firm had revenue of $603.97 million for the quarter, compared to the consensus estimate of $599.92 million. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 earnings per share. Sell-side analysts predict that BWX Technologies will post 3.19 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BWXT shares. BTIG Research began coverage on shares of BWX Technologies in a research report on Wednesday, June 26th. They set a buy rating and a $110.00 target price for the company. CLSA began coverage on shares of BWX Technologies in a research note on Monday, June 3rd. They issued a buy rating on the stock. Barclays cut shares of BWX Technologies from an equal weight rating to an underweight rating and upped their target price for the company from $75.00 to $90.00 in a research note on Wednesday, July 24th. StockNews.com downgraded shares of BWX Technologies from a buy rating to a hold rating in a report on Thursday, June 27th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of BWX Technologies from $110.00 to $107.00 and set a buy rating for the company in a research note on Monday, June 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $99.63.

About BWX Technologies

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.