BWX Technologies (NYSE:BWXT) Issues Earnings Results, Beats Estimates By $0.02 EPS

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BWX Technologies (NYSE:BWXT) posted its earnings results on Sunday. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02, reports. The company had revenue of $528.00 million for the quarter, compared to analysts’ expectations of $531.68 million. BWX Technologies had a return on equity of 61.50% and a net margin of 13.27%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the business posted $0.79 earnings per share.

BWXT stock traded down $0.09 during mid-day trading on Tuesday, reaching $67.18. 311,814 shares of the stock traded hands, compared to its average volume of 395,781. BWX Technologies has a 52 week low of $49.60 and a 52 week high of $68.68. The firm has a market capitalization of $6.39 billion, a PE ratio of 23.52, a P/E/G ratio of 2.13 and a beta of 0.96. The business has a 50-day moving average of $66.40 and a two-hundred day moving average of $60.25. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.64.

The business also recently announced a quarterly dividend, which was paid on Friday, March 26th. Investors of record on Wednesday, March 10th were issued a $0.21 dividend. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 1.25%. The ex-dividend date was Tuesday, March 9th. BWX Technologies’s payout ratio is 32.06%.

In other BWX Technologies news, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction on Thursday, March 11th. The shares were sold at an average price of $61.09, for a total transaction of $61,090.00. Following the sale, the chief financial officer now owns 73,967 shares in the company, valued at $4,518,644.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 3,300 shares of company stock worth $205,752. 0.46% of the stock is currently owned by corporate insiders.

Several analysts recently weighed in on the stock. Robert W. Baird downgraded shares of BWX Technologies from an “outperform” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a research report on Thursday, January 7th. Maxim Group boosted their price objective on BWX Technologies from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, April 14th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. BWX Technologies presently has an average rating of “Buy” and an average price target of $71.40.

BWX Technologies Company Profile

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.

See Also: Dividend Reinvestment Plan (DRIP)

Earnings History for BWX Technologies (NYSE:BWXT)

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