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

BWX Technologies (NYSE:BWXT) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 3.200-3.200 for the period, compared to the consensus EPS estimate of 3.190. The company issued revenue guidance of $2.7 billion-$2.7 billion, compared to the consensus revenue estimate of $2.7 billion. BWX Technologies also updated its FY24 guidance to ~$3.20 EPS.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BWXT shares. StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft increased their price target on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays lowered shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $75.00 to $90.00 in a report on Wednesday, July 24th. Finally, Truist Financial raised their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $110.67.

BWX Technologies Price Performance

Shares of NYSE:BWXT traded up $1.50 during midday trading on Wednesday, hitting $118.45. The company had a trading volume of 700,977 shares, compared to its average volume of 621,635. BWX Technologies has a twelve month low of $74.69 and a twelve month high of $128.00. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.23 and a quick ratio of 2.23. The business’s 50-day simple moving average is $111.13 and its 200-day simple moving average is $100.40. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of 38.84, a price-to-earnings-growth ratio of 4.41 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The company had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. BWX Technologies’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 earnings per share. On average, research analysts predict that BWX Technologies will post 3.2 earnings per share for the current year.

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Tuesday, November 19th. BWX Technologies’s payout ratio is 31.79%.

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.