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

BWX Technologies (NYSE:BWXT) issued its earnings results on Monday. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06, Briefing.com reports. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The business had revenue of $672.00 million during the quarter, compared to analysts’ expectations of $658.84 million. During the same quarter in the prior year, the firm earned $0.67 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. BWX Technologies updated its FY24 guidance to ~$3.20 EPS and its FY 2024 guidance to 3.200-3.200 EPS.

BWX Technologies Stock Performance

Shares of BWXT opened at $118.33 on Thursday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21. The firm’s fifty day simple moving average is $111.46 and its two-hundred day simple moving average is $100.53. BWX Technologies has a 12 month low of $74.69 and a 12 month high of $128.00. The stock has a market capitalization of $10.82 billion, a P/E ratio of 39.18, a price-to-earnings-growth ratio of 4.41 and a beta of 0.69.

BWX Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

BWXT has been the subject of several recent research reports. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the company 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 target for the stock from $75.00 to $90.00 in a report on Wednesday, July 24th. Finally, Truist Financial increased their price objective on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BWX Technologies has a consensus rating of “Moderate Buy” and an average price target of $110.67.

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.