BWX Technologies (NYSE:BWXT) Announces Earnings Results

BWX Technologies (NYSE:BWXT) released its earnings results on Sunday. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02, reports. The firm had revenue of $528.00 million for the quarter, compared to analysts’ expectations of $531.68 million. BWX Technologies had a return on equity of 61.50% and a net margin of 13.27%. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.79 earnings per share.

BWXT stock traded up $0.02 during trading on Tuesday, hitting $67.29. The company had a trading volume of 2,665 shares, compared to its average volume of 396,794. The business has a 50-day moving average of $66.40 and a 200-day moving average of $60.25. BWX Technologies has a one year low of $49.60 and a one year high of $68.67. The stock has a market cap of $6.40 billion, a PE ratio of 23.52, a PEG ratio of 2.13 and a beta of 0.96. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.64.

The business also recently announced a quarterly dividend, which was paid on Friday, March 26th. Investors of record on Wednesday, March 10th were issued a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, March 9th. This is a boost from BWX Technologies’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 1.25%. BWX Technologies’s dividend payout ratio is presently 32.06%.

In related news, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 11th. The stock was sold at an average price of $57.24, for a total value of $57,240.00. Following the sale, the chief financial officer now directly owns 68,551 shares in the company, valued at $3,923,859.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 3,300 shares of company stock worth $205,752 over the last quarter. 0.46% of the stock is currently owned by company insiders.

BWXT has been the topic of several research reports. Robert W. Baird cut BWX Technologies from an “outperform” rating to a “neutral” rating and set a $70.00 price target on the stock. in a report on Thursday, January 7th. Maxim Group boosted their price target on BWX Technologies from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, April 14th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $71.40.

About BWX Technologies

BWX Technologies, Inc manufactures and sells nuclear components in the United States, Canada, and internationally. Its Nuclear Operations Group segment offers nuclear components, reactors, assemblies, and fuel for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; close-tolerance equipment for nuclear applications; research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications.

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Earnings History for BWX Technologies (NYSE:BWXT)

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