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

BWX Technologies (NYSE:BWXT) posted its quarterly earnings data on Monday. The technology company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06, Briefing.com reports. The business had revenue of $681.50 million for the quarter, compared to analyst estimates of $639.31 million. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The company’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 earnings per share. BWX Technologies updated its FY24 guidance to $3.10-$3.20 EPS and its FY 2024 guidance to 3.100-3.200 EPS.

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $93.24 on Wednesday. BWX Technologies has a 12 month low of $70.21 and a 12 month high of $107.18. The firm has a market capitalization of $8.52 billion, a P/E ratio of 33.66, a P/E/G ratio of 3.65 and a beta of 0.68. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.24 and a quick ratio of 2.24. The company’s fifty day moving average price is $94.97 and its 200 day moving average price is $93.74.

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 16th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Friday, August 16th. BWX Technologies’s dividend payout ratio (DPR) is 34.66%.

Wall Street Analysts Forecast Growth

BWXT has been the topic of several recent research reports. Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $75.00 to $90.00 in a report on Wednesday, July 24th. Janney Montgomery Scott assumed coverage on shares of BWX Technologies in a report on Thursday, June 27th. They issued a “buy” rating and a $113.00 target price on the stock. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday. CLSA assumed coverage on shares of BWX Technologies in a research report on Monday, June 3rd. They issued a “buy” rating on the stock. Finally, BTIG Research started coverage on shares of BWX Technologies in a research report on Wednesday, June 26th. They set a “buy” rating and a $110.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $100.38.

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.