BWX Technologies (NYSE:BWXT) Posts Quarterly Earnings Results


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BWX Technologies (NYSE:BWXT) issued its quarterly earnings data on Sunday. The technology company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03, MarketWatch Earnings reports. BWX Technologies had a return on equity of 61.50% and a net margin of 13.27%. The company had revenue of $557.00 million for the quarter, compared to analyst estimates of $496.13 million. During the same quarter last year, the company posted $0.71 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year.

NYSE:BWXT traded down $0.73 during mid-day trading on Tuesday, reaching $57.00. The stock had a trading volume of 9,888 shares, compared to its average volume of 396,232. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 2.13 and a beta of 0.96. BWX Technologies has a twelve month low of $40.40 and a twelve month high of $69.75. The business has a 50 day simple moving average of $58.12 and a 200 day simple moving average of $57.80.

Several brokerages have recently weighed in on BWXT. Credit Suisse Group decreased their target price on shares of BWX Technologies from $74.00 to $71.00 and set an “outperform” rating for the company in a research note on Tuesday, November 3rd. TheStreet upgraded shares of BWX Technologies from a “c+” rating to a “b-” rating in a research note on Monday, December 7th. Zacks Investment Research downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 4th. Finally, Robert W. Baird downgraded shares of BWX Technologies from an “outperform” rating to a “neutral” rating and set a $70.00 target price for the company. in a research note on Thursday, January 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $68.17.

In related news, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction dated Thursday, December 10th. The shares were sold at an average price of $60.21, for a total value of $60,210.00. Following the completion of the sale, the chief financial officer now owns 70,551 shares in the company, valued at $4,247,875.71. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Rex D. Geveden sold 3,000 shares of BWX Technologies stock in a transaction that occurred on Tuesday, December 1st. The shares were sold at an average price of $57.30, for a total transaction of $171,900.00. Following the sale, the chief executive officer now owns 92,837 shares of the company’s stock, valued at $5,319,560.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,600 shares of company stock valued at $955,359. 0.46% of the stock is owned by insiders.

About BWX Technologies

BWX Technologies, Inc manufactures and sells nuclear components in the United States, Canada, and internationally. Its Nuclear Operations Group segment offers nuclear components, reactors, assemblies, and fuel for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; close-tolerance equipment for nuclear applications; research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications.

Further Reading: Market Perform

Earnings History for BWX Technologies (NYSE:BWXT)

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