Equities research analysts forecast that BWX Technologies Inc (NYSE:BWXT) will report earnings per share (EPS) of $0.60 for the current quarter, according to Zacks. Three analysts have provided estimates for BWX Technologies’ earnings. The lowest EPS estimate is $0.58 and the highest is $0.61. BWX Technologies posted earnings of $0.47 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 27.7%. The business is scheduled to announce its next quarterly earnings results on Tuesday, February 26th.
On average, analysts expect that BWX Technologies will report full year earnings of $2.25 per share for the current year, with EPS estimates ranging from $2.23 to $2.26. For the next year, analysts expect that the business will report earnings of $2.52 per share, with EPS estimates ranging from $2.45 to $2.65. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover BWX Technologies.
BWX Technologies (NYSE:BWXT) last posted its earnings results on Tuesday, November 6th. The technology company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.22). BWX Technologies had a net margin of 10.81% and a return on equity of 66.38%. The business had revenue of $425.50 million during the quarter, compared to analysts’ expectations of $461.26 million. During the same quarter in the prior year, the firm earned $0.46 EPS. BWX Technologies’s revenue for the quarter was up 1.5% compared to the same quarter last year.
Several equities research analysts recently issued reports on the company. Credit Suisse Group cut their price objective on BWX Technologies from $60.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, November 8th. TheStreet downgraded BWX Technologies from a “b” rating to a “c+” rating in a report on Tuesday, November 13th. SunTrust Banks cut their price objective on BWX Technologies from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Tuesday, August 21st. Zacks Investment Research upgraded BWX Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. Finally, Maxim Group assumed coverage on BWX Technologies in a report on Tuesday, November 13th. They issued a “buy” rating and a $60.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $59.56.
BWXT stock opened at $45.22 on Monday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $4.46 billion, a P/E ratio of 22.06, a PEG ratio of 1.73 and a beta of 0.58. BWX Technologies has a 12-month low of $41.31 and a 12-month high of $72.18.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Tuesday, November 20th will be issued a dividend of $0.16 per share. The ex-dividend date is Monday, November 19th. This represents a $0.64 annualized dividend and a yield of 1.42%. BWX Technologies’s dividend payout ratio (DPR) is 31.22%.
In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction dated Thursday, October 11th. The stock was sold at an average price of $57.65, for a total transaction of $57,650.00. Following the sale, the chief financial officer now owns 68,570 shares in the company, valued at approximately $3,953,060.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Rex D. Geveden purchased 2,500 shares of the business’s stock in a transaction on Tuesday, November 20th. The shares were bought at an average price of $41.49 per share, for a total transaction of $103,725.00. Following the acquisition, the chief executive officer now owns 28,595 shares in the company, valued at $1,186,406.55. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 3,000 shares of company stock worth $165,510. 0.76% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of BWXT. CENTRAL TRUST Co purchased a new stake in BWX Technologies during the 3rd quarter worth about $100,000. Fort L.P. acquired a new position in shares of BWX Technologies during the 2nd quarter worth about $118,000. Tower Research Capital LLC TRC acquired a new position in shares of BWX Technologies during the 3rd quarter worth about $121,000. First Manhattan Co. acquired a new position in shares of BWX Technologies during the 3rd quarter worth about $125,000. Finally, Point72 Hong Kong Ltd boosted its position in shares of BWX Technologies by 2,445.8% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,113 shares of the technology company’s stock worth $132,000 after acquiring an additional 2,030 shares in the last quarter. Institutional investors own 96.01% 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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