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

BWX Technologies (NYSE:BWXT) posted its quarterly earnings results on Monday. The technology company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06, Briefing.com reports. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The firm had revenue of $681.50 million for the quarter, compared to analysts’ expectations of $639.31 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. 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 traded up $3.19 on Wednesday, reaching $96.43. The company’s stock had a trading volume of 103,395 shares, compared to its average volume of 584,734. BWX Technologies has a 52-week low of $70.21 and a 52-week high of $107.18. The company has a market cap of $8.81 billion, a P/E ratio of 33.66, a PEG ratio of 3.65 and a beta of 0.68. The company has a 50-day simple moving average of $94.97 and a 200 day simple moving average of $93.74. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.24 and a current ratio of 2.24.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.96 dividend on an annualized basis and a yield of 1.00%. BWX Technologies’s dividend payout ratio is currently 34.66%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Barclays cut shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their target price 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. BTIG Research assumed coverage on shares of BWX Technologies in a research report on Wednesday, June 26th. They issued a “buy” rating and a $110.00 price target on the stock. 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, Deutsche Bank Aktiengesellschaft increased their price target on shares of BWX Technologies from $112.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average 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.