Brokerages expect BWX Technologies Inc (NYSE:BWXT) to announce sales of $464.12 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for BWX Technologies’ earnings, with the highest sales estimate coming in at $481.00 million and the lowest estimate coming in at $450.00 million. BWX Technologies posted sales of $419.36 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.7%. The company is scheduled to report its next earnings results on Monday, November 5th.
According to Zacks, analysts expect that BWX Technologies will report full year sales of $1.85 billion for the current fiscal year, with estimates ranging from $1.81 billion to $1.90 billion. For the next financial year, analysts forecast that the business will post sales of $2.06 billion per share, with estimates ranging from $1.94 billion to $2.19 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for BWX Technologies.
BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, August 6th. The technology company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.02). BWX Technologies had a return on equity of 66.19% and a net margin of 9.05%. The firm had revenue of $438.92 million during the quarter, compared to analyst estimates of $445.70 million. During the same period in the previous year, the company earned $0.56 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis.
Several research firms have recently issued reports on BWXT. SunTrust Banks decreased their price target on BWX Technologies from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Tuesday, August 21st. Drexel Hamilton reiterated a “buy” rating and set a $78.00 price target on shares of BWX Technologies in a research note on Thursday, June 21st. Zacks Investment Research downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. ValuEngine downgraded BWX Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 6th. Finally, Credit Suisse Group decreased their price target on BWX Technologies from $72.00 to $64.00 and set a “neutral” rating for the company in a research note on Tuesday, May 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $70.00.
BWXT opened at $62.20 on Friday. The stock has a market cap of $6.11 billion, a PE ratio of 30.32, a P/E/G ratio of 2.16 and a beta of 0.48. BWX Technologies has a 52-week low of $53.11 and a 52-week high of $72.18. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 1.72.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Monday, August 20th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, August 17th. This represents a $0.64 annualized dividend and a yield of 1.03%. BWX Technologies’s payout ratio is 31.22%.
In related news, VP Jason S. Kerr sold 1,365 shares of the stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $64.06, for a total transaction of $87,441.90. Following the completion of the sale, the vice president now owns 9,132 shares in the company, valued at approximately $584,995.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David S. Black sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 11th. The shares were sold at an average price of $63.77, for a total value of $63,770.00. Following the sale, the chief financial officer now owns 71,570 shares of the company’s stock, valued at approximately $4,564,018.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,365 shares of company stock valued at $275,182. 0.76% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Brown Advisory Inc. raised its holdings in BWX Technologies by 29.1% in the 1st quarter. Brown Advisory Inc. now owns 4,614,365 shares of the technology company’s stock valued at $293,151,000 after acquiring an additional 1,040,711 shares in the last quarter. Keeley Teton Advisors LLC raised its holdings in BWX Technologies by 15.0% in the 1st quarter. Keeley Teton Advisors LLC now owns 48,075 shares of the technology company’s stock valued at $3,054,000 after acquiring an additional 6,288 shares in the last quarter. Mesirow Financial Investment Management Equity Management acquired a new position in BWX Technologies in the 2nd quarter valued at approximately $1,451,000. Global Financial Private Capital LLC acquired a new position in BWX Technologies in the 2nd quarter valued at approximately $320,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in BWX Technologies in the 2nd quarter valued at approximately $752,000. Hedge funds and other institutional investors own 95.29% of the company’s stock.
About BWX Technologies
BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.
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