Equities analysts forecast that BWX Technologies Inc (NYSE:BWXT) will report sales of $442.22 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for BWX Technologies’ earnings, with the lowest sales estimate coming in at $432.80 million and the highest estimate coming in at $451.58 million. BWX Technologies posted sales of $410.01 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.9%. The firm is expected to issue its next earnings results on Monday, August 6th.
On average, analysts expect that BWX Technologies will report full year sales of $1.85 billion for the current year, with estimates ranging from $1.82 billion to $1.89 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.06 billion per share, with estimates ranging from $1.94 billion to $2.18 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover BWX Technologies.
BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Friday, May 4th. The technology company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.06. The firm had revenue of $457.00 million during the quarter, compared to the consensus estimate of $447.20 million. BWX Technologies had a return on equity of 72.41% and a net margin of 9.24%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share.
BWX Technologies traded down $0.35, reaching $62.29, during mid-day trading on Tuesday, Marketbeat Ratings reports. The company had a trading volume of 939,124 shares, compared to its average volume of 499,155. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.37. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 30.39, a P/E/G ratio of 2.23 and a beta of 0.47. BWX Technologies has a 52 week low of $46.01 and a 52 week high of $72.18.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 6th. Stockholders of record on Friday, May 18th were paid a dividend of $0.16 per share. The ex-dividend date was Thursday, May 17th. This represents a $0.64 annualized dividend and a dividend yield of 1.03%. BWX Technologies’s dividend payout ratio is currently 31.22%.
In related news, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction on Wednesday, April 11th. The stock was sold at an average price of $65.10, for a total value of $65,100.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph G. Henry sold 7,774 shares of the business’s stock in a transaction on Friday, June 8th. The shares were sold at an average price of $66.60, for a total value of $517,748.40. Following the completion of the sale, the insider now owns 10,639 shares of the company’s stock, valued at $708,557.40. The disclosure for this sale can be found here. Insiders have sold a total of 10,774 shares of company stock valued at $717,388 over the last quarter. 0.76% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ostrum Asset Management bought a new stake in BWX Technologies in the 1st quarter valued at $108,000. Synovus Financial Corp bought a new stake in BWX Technologies in the 1st quarter valued at $122,000. Old Mutual Global Investors UK Ltd. bought a new stake in BWX Technologies in the 1st quarter valued at $120,000. Captrust Financial Advisors bought a new stake in BWX Technologies in the 4th quarter valued at $126,000. Finally, American International Group Inc. bought a new stake in BWX Technologies in the 4th quarter valued at $134,000. Institutional investors and hedge funds own 94.85% of the company’s stock.
About BWX Technologies
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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