BWX Technologies (BWXT) Scheduled to Post Quarterly Earnings on Monday

BWX Technologies (NYSE:BWXT) will issue its quarterly earnings data after the market closes on Monday, August 5th. Analysts expect the company to announce earnings of $0.75 per share for the quarter. BWX Technologies has set its FY24 guidance at $3.05-3.20 EPS and its FY 2024 guidance at 3.050-3.200 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.67 by $0.09. The business had revenue of $603.97 million during 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 company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 earnings per share. On average, analysts expect BWX Technologies to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

BWX Technologies Stock Performance

Shares of BWX Technologies stock opened at $94.39 on Friday. The business has a fifty day simple moving average of $94.79 and a two-hundred day simple moving average of $93.35. 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 firm has a market capitalization of $8.63 billion, a P/E ratio of 34.08, a P/E/G ratio of 3.65 and a beta of 0.68. BWX Technologies has a 12 month low of $68.15 and a 12 month high of $107.18.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Janney Montgomery Scott assumed coverage on BWX Technologies in a research report on Thursday, June 27th. They issued a “buy” rating and a $113.00 price target for the company. Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their price target for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. BTIG Research initiated coverage on BWX Technologies in a report on Wednesday, June 26th. They issued a “buy” rating and a $110.00 price objective for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on BWX Technologies from $110.00 to $107.00 and set a “buy” rating for the company in a report on Monday, June 10th. Finally, CLSA initiated coverage on BWX Technologies in a report on Monday, June 3rd. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $98.00.

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.