BWX Technologies (NYSE:BWXT) Releases FY24 Earnings Guidance

BWX Technologies (NYSE:BWXT) updated its FY24 earnings guidance on Monday. The company provided earnings per share guidance of ~$3.20 for the period, compared to the consensus earnings per share estimate of $3.19. The company issued revenue guidance of ~$2.70 billion, compared to the consensus revenue estimate of $2.64 billion.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BWXT shares. Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their target price for the stock from $75.00 to $90.00 in a research note on Wednesday, July 24th. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of BWX Technologies from $113.00 to $129.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, BWX Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $108.67.

BWX Technologies Stock Down 2.4 %

Shares of NYSE:BWXT traded down $2.90 during trading hours on Monday, hitting $119.68. The company’s stock had a trading volume of 2,362,428 shares, compared to its average volume of 615,079. The firm’s fifty day moving average price is $110.45 and its 200 day moving average price is $100.04. BWX Technologies has a 52 week low of $74.62 and a 52 week high of $128.00. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 41.60, a P/E/G ratio of 4.38 and a beta of 0.69. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.23 and a quick ratio of 2.23.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, August 5th. The technology company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The company had revenue of $681.50 million during the quarter, compared to analyst estimates of $639.31 million. During the same quarter in the prior year, the business earned $0.65 earnings per share. BWX Technologies’s revenue was up 11.3% on a year-over-year basis. As a group, research analysts expect that BWX Technologies will post 3.2 EPS for the current year.

About BWX Technologies

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.