Wall Street brokerages expect BWX Technologies (NYSE:BWXT) to announce $0.60 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for BWX Technologies’ earnings, with estimates ranging from $0.58 to $0.61. BWX Technologies posted earnings per share of $0.55 during the same quarter last year, which indicates a positive year-over-year growth rate of 9.1%. The company is expected to report its next quarterly earnings results on Monday, May 7th.
According to Zacks, analysts expect that BWX Technologies will report full year earnings of $2.52 per share for the current financial year, with EPS estimates ranging from $2.47 to $2.59. For the next financial year, analysts expect that the business will report earnings of $2.93 per share, with EPS estimates ranging from $2.80 to $3.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow BWX Technologies.
BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Tuesday, February 27th. The technology company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.01. The firm had revenue of $430.14 million during the quarter, compared to analysts’ expectations of $451.18 million. BWX Technologies had a net margin of 8.76% and a return on equity of 77.24%.
In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the stock in a transaction that occurred on Wednesday, April 11th. The shares were sold at an average price of $65.10, for a total transaction of $65,100.00. Following the sale, the chief financial officer now directly owns 70,874 shares in the company, valued at approximately $4,613,897.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders have sold 3,000 shares of company stock worth $189,900. 0.76% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Legal & General Group Plc raised its holdings in shares of BWX Technologies by 25.5% in the 3rd quarter. Legal & General Group Plc now owns 46,711 shares of the technology company’s stock valued at $2,616,000 after purchasing an additional 9,482 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of BWX Technologies by 39.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,272 shares of the technology company’s stock valued at $319,000 after purchasing an additional 1,488 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of BWX Technologies by 659.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 94,200 shares of the technology company’s stock valued at $5,277,000 after purchasing an additional 81,800 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in shares of BWX Technologies in the 4th quarter valued at $218,000. Finally, BlackRock Inc. raised its holdings in shares of BWX Technologies by 2.1% in the 4th quarter. BlackRock Inc. now owns 5,685,315 shares of the technology company’s stock valued at $343,905,000 after purchasing an additional 119,240 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.
NYSE:BWXT opened at $65.99 on Tuesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.65 and a quick ratio of 1.65. The company has a market cap of $6,552.25, a P/E ratio of 32.19, a P/E/G ratio of 2.34 and a beta of 0.49. BWX Technologies has a fifty-two week low of $45.79 and a fifty-two week high of $67.69.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Monday, March 12th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, March 9th. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.11. This represents a $0.64 dividend on an annualized basis and a yield of 0.97%. BWX Technologies’s dividend payout ratio is 31.22%.
ILLEGAL ACTIVITY NOTICE: “BWX Technologies (BWXT) Expected to Post Earnings of $0.60 Per Share” was originally posted by Dakota Financial News and is owned by of Dakota Financial News. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://dakotafinancialnews.com/2018/04/13/bwx-technologies-bwxt-expected-to-post-earnings-of-0-60-per-share.html.
BWX Technologies Company Profile
BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for BWX Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BWX Technologies and related companies with MarketBeat.com's FREE daily email newsletter.