BWX Technologies (BWXT) Scheduled to Post Quarterly Earnings on Monday

BWX Technologies (NYSE:BWXT) is set to issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.67 per share for the quarter. BWX Technologies has set its FY24 guidance at $3.05-$3.20 EPS and its FY 2024 guidance at 3.050-3.200 EPS.Parties that wish to register for the company’s conference call can do so using this link.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Tuesday, February 27th. The technology company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.07. The company had revenue of $725.52 million for the quarter, compared to analyst estimates of $659.42 million. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. On average, analysts expect BWX Technologies to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

BWX Technologies Price Performance

Shares of BWXT opened at $95.99 on Monday. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of 35.68, a price-to-earnings-growth ratio of 3.06 and a beta of 0.73. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.18 and a current ratio of 2.18. BWX Technologies has a one year low of $60.17 and a one year high of $107.18. The stock’s fifty day moving average is $97.89 and its 200-day moving average is $85.38.

BWX Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 11th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.00%. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, March 8th. BWX Technologies’s dividend payout ratio (DPR) is 35.69%.

Analyst Upgrades and Downgrades

BWXT has been the topic of a number of research analyst reports. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Truist Financial reiterated a “hold” rating and issued a $95.00 price target (down from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Finally, Bank of America raised their price objective on shares of BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $89.00.

BWX Technologies Company Profile

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.