BWX Technologies (BWXT) Expected to Post Earnings of $0.60 Per Share

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%.



A number of equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Barclays assumed coverage on shares of BWX Technologies in a research report on Thursday, March 29th. They set an “underweight” rating and a $62.00 price objective for the company. Seaport Global Securities began coverage on shares of BWX Technologies in a research report on Wednesday, January 10th. They set a “buy” rating and a $72.00 price objective for the company. Alembic Global Advisors reiterated a “buy” rating on shares of BWX Technologies in a report on Tuesday, March 6th. Finally, ValuEngine upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $65.44.

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%.

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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.

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Earnings History and Estimates for BWX Technologies (NYSE:BWXT)

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