BWX Technologies (BWXT) to Release Quarterly Earnings on Monday

BWX Technologies (NYSE:BWXT) is scheduled to announce its earnings results 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.Investors interested in registering for the company’s conference call can do so using this link.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Tuesday, February 27th. The technology company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.07. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. The firm had revenue of $725.52 million for the quarter, compared to analysts’ expectations of $659.42 million. During the same period in the previous year, the company posted $0.93 EPS. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. 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 Trading Up 1.9 %

NYSE BWXT opened at $97.34 on Friday. The firm’s 50 day moving average price is $98.64 and its two-hundred day moving average price is $86.03. The stock has a market cap of $8.90 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 3.04 and a beta of 0.75. BWX Technologies has a twelve month low of $60.17 and a twelve month high of $107.18. 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 11th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.99%. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.23. BWX Technologies’s dividend payout ratio (DPR) is 35.69%.

Analyst Ratings Changes

A number of brokerages have issued reports on BWXT. Truist Financial reissued a “hold” rating and set a $95.00 target price (down previously from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Bank of America lifted their target price on shares of BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Finally, StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.00.

About BWX Technologies

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.