BWX Technologies (NYSE:BWXT) Updates FY 2024 Earnings Guidance

BWX Technologies (NYSE:BWXT) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 3.100-3.200 for the period, compared to the consensus estimate of 3.170. The company issued revenue guidance of $2.6 billion-, compared to the consensus revenue estimate of $2.6 billion. BWX Technologies also updated its FY24 guidance to $3.10-$3.20 EPS.

BWX Technologies Stock Performance

NYSE:BWXT traded down $1.89 on Monday, hitting $92.50. The company’s stock had a trading volume of 983,989 shares, compared to its average volume of 586,545. 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 stock has a fifty day moving average of $94.79 and a two-hundred day moving average of $93.55. The firm has a market capitalization of $8.46 billion, a P/E ratio of 33.35, a price-to-earnings-growth ratio of 3.65 and a beta of 0.68. BWX Technologies has a one year low of $70.21 and a one year high of $107.18.

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

Analyst Ratings Changes

BWXT has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on BWX Technologies from $110.00 to $107.00 and set a buy rating on the stock in a research note on Monday, June 10th. CLSA assumed coverage on BWX Technologies in a research note on Monday, June 3rd. They set a buy rating on the stock. Janney Montgomery Scott assumed coverage on BWX Technologies in a research note on Thursday, June 27th. They set a buy rating and a $113.00 target price on the stock. StockNews.com lowered BWX Technologies from a buy rating to a hold rating in a research note on Thursday, June 27th. Finally, BTIG Research assumed coverage on BWX Technologies in a research note on Wednesday, June 26th. They set a buy rating and a $110.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $99.63.

BWX Technologies Company Profile

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.