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

BWX Technologies (NYSE:BWXT) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided EPS guidance of 3.100-3.200 for the period, compared to the consensus EPS estimate of 3.170. The company issued revenue guidance of $2.6 billion-, compared to the consensus revenue estimate of $2.6 billion. BWX Technologies also updated its FY24 guidance to $3.10-$3.20 EPS.

BWX Technologies Stock Performance

BWX Technologies stock traded up $2.05 during midday trading on Wednesday, reaching $95.29. 180,880 shares of the company traded hands, compared to its average volume of 585,248. The firm has a market capitalization of $8.71 billion, a price-to-earnings ratio of 34.53, a price-to-earnings-growth ratio of 3.65 and a beta of 0.68. The business has a 50 day moving average of $94.97 and a two-hundred day moving average of $93.74. BWX Technologies has a 12 month low of $70.21 and a 12 month high of $107.18. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.24 and a quick ratio of 2.24.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The business had revenue of $681.50 million during the quarter, compared to analysts’ expectations of $639.31 million. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.65 earnings per share. As a group, research analysts predict that BWX Technologies will post 3.19 earnings per share for the current year.

BWX Technologies Announces Dividend

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 dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.01%. BWX Technologies’s dividend payout ratio is 34.66%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BWXT. 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 target price for the company. StockNews.com upgraded shares of BWX Technologies from a hold rating to a buy rating in a research report on Tuesday. Barclays lowered shares of BWX Technologies from an equal weight rating to an underweight rating and increased their price objective for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. CLSA started coverage on shares of BWX Technologies in a report on Monday, June 3rd. They issued a buy rating for the company. Finally, Janney Montgomery Scott began coverage on shares of BWX Technologies in a research note on Thursday, June 27th. They issued a buy rating and a $113.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, BWX Technologies presently has a consensus rating of Moderate Buy and a consensus target price 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.