BWX Technologies, Inc. (BWXT) Set to Announce Quarterly Earnings on Monday
BWX Technologies, Inc. (NYSE:BWXT) will issue its quarterly earnings data after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.46 per share for the quarter.
BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, August 7th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.09. BWX Technologies had a return on equity of 107.13% and a net margin of 11.81%. The firm had revenue of $410.01 million for the quarter, compared to analyst estimates of $429.38 million. During the same quarter in the prior year, the company earned $0.44 EPS. BWX Technologies’s revenue was up 1.9% on a year-over-year basis. On average, analysts expect BWX Technologies to post $2.03 EPS for the current fiscal year and $2.23 EPS for the next fiscal year.
BWX Technologies, Inc. (NYSE:BWXT) traded down 0.02% during trading on Monday, reaching $59.85. The company had a trading volume of 27,899 shares. The firm’s 50 day moving average is $56.51 and its 200-day moving average is $51.65. BWX Technologies, Inc. has a 12 month low of $36.16 and a 12 month high of $60.00. The company has a market capitalization of $5.94 billion, a P/E ratio of 31.63 and a beta of 0.46.
In related news, insider Harbour Group L.P. Blue sold 1,992,829 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $53.20, for a total value of $106,018,502.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $59.00, for a total value of $59,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,010,194 shares of company stock worth $106,958,540. 0.76% of the stock is currently owned by insiders.
BWXT has been the subject of a number of research reports. BidaskClub raised BWX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Bank of America Corporation reissued a “buy” rating and set a $55.00 price target on shares of BWX Technologies in a research report on Thursday, August 10th. ValuEngine raised BWX Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $62.00 price target on shares of BWX Technologies in a research report on Monday, October 2nd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $57.17.
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BWX Technologies Company Profile
BWX Technologies, Inc is a manufacturer of nuclear components and a service provider. The Company’s businesses focus on the design, engineering and manufacture of precision naval nuclear components, reactors and nuclear fuel for the United States Government. Its segments include Nuclear Operations, Technical Services, Nuclear Energy and Other.
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