Zacks: Analysts Anticipate BWX Technologies, Inc. (BWXT) Will Post Quarterly Sales of $459.27 Million

Equities analysts forecast that BWX Technologies, Inc. (NYSE:BWXT) will announce $459.27 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for BWX Technologies’ earnings. The lowest sales estimate is $451.54 million and the highest is $467.00 million. BWX Technologies reported sales of $403.86 million in the same quarter last year, which indicates a positive year over year growth rate of 13.7%. The company is scheduled to report its next quarterly earnings results on Monday, February 26th.

On average, analysts expect that BWX Technologies will report full-year sales of $459.27 million for the current financial year, with estimates ranging from $1.71 billion to $1.72 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.87 billion per share, with estimates ranging from $1.83 billion to $1.91 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover BWX Technologies.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, November 6th. The technology company reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. The business had revenue of $419.36 million for the quarter, compared to analyst estimates of $420.39 million. BWX Technologies had a net margin of 11.89% and a return on equity of 88.05%. BWX Technologies’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share.

A number of research analysts recently weighed in on the stock. BidaskClub downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. ValuEngine cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Wells Fargo & Company began coverage on shares of BWX Technologies in a report on Monday. They set a “market perform” rating and a $65.00 target price for the company. Robert W. Baird began coverage on shares of BWX Technologies in a report on Tuesday, October 24th. They set an “outperform” rating and a $70.00 target price for the company. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $62.00 target price on shares of BWX Technologies in a report on Monday, October 2nd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $62.14.

In related news, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $61.88, for a total transaction of $61,880.00. Following the sale, the chief financial officer now directly owns 62,979 shares in the company, valued at $3,897,140.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman John A. Fees sold 21,453 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $60.21, for a total transaction of $1,291,685.13. Following the sale, the chairman now owns 87,919 shares in the company, valued at $5,293,602.99. The disclosure for this sale can be found here. Insiders sold a total of 24,453 shares of company stock valued at $1,472,495 in the last 90 days. Company insiders own 0.76% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Alps Advisors Inc. lifted its holdings in BWX Technologies by 0.3% in the second quarter. Alps Advisors Inc. now owns 10,314 shares of the technology company’s stock valued at $503,000 after acquiring an additional 27 shares during the period. Van ECK Associates Corp grew its stake in BWX Technologies by 0.9% during the 2nd quarter. Van ECK Associates Corp now owns 12,973 shares of the technology company’s stock worth $632,000 after buying an additional 122 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its stake in BWX Technologies by 0.8% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 24,862 shares of the technology company’s stock worth $1,212,000 after buying an additional 200 shares during the last quarter. Utah Retirement Systems boosted its position in BWX Technologies by 1.2% during the 2nd quarter. Utah Retirement Systems now owns 17,139 shares of the technology company’s stock worth $835,000 after acquiring an additional 200 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in BWX Technologies by 2.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 7,183 shares of the technology company’s stock worth $350,000 after acquiring an additional 201 shares during the period. Institutional investors own 95.50% of the company’s stock.

Shares of BWX Technologies (NYSE BWXT) traded down $0.25 during trading on Thursday, reaching $60.57. 612,800 shares of the company were exchanged, compared to its average volume of 698,322. The company has a market capitalization of $6,045.73, a P/E ratio of 29.96, a price-to-earnings-growth ratio of 2.38 and a beta of 0.47. BWX Technologies has a 12 month low of $37.63 and a 12 month high of $62.85. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.59.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Monday, November 20th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.44 annualized dividend and a yield of 0.73%. BWX Technologies’s dividend payout ratio (DPR) is currently 22.45%.

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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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