BWX Technologies (NYSE:BWXT) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

BWX Technologies (NYSE:BWXT) released its earnings results on Monday. The technology company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06, Briefing.com reports. The business had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the business earned $0.67 earnings per share. BWX Technologies updated its FY24 guidance to ~$3.20 EPS and its FY 2024 guidance to 3.200-3.200 EPS.

BWX Technologies Trading Down 2.3 %

Shares of BWXT opened at $116.97 on Wednesday. The stock has a fifty day moving average price of $111.13 and a two-hundred day moving average price of $100.40. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.23 and a current ratio of 2.23. BWX Technologies has a 52-week low of $74.62 and a 52-week high of $128.00. The company has a market cap of $10.69 billion, a price-to-earnings ratio of 38.73, a PEG ratio of 4.41 and a beta of 0.69.

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Tuesday, November 19th. BWX Technologies’s payout ratio is 31.79%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BWXT. StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BWX Technologies from $113.00 to $129.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Barclays lowered shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. Finally, Truist Financial increased their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $110.50.

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.