BWX Technologies (NYSE:BWXT) Releases FY 2024 Earnings Guidance

BWX Technologies (NYSE:BWXT) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 3.050-3.200 for the period, compared to the consensus earnings per share estimate of 3.140. The company issued revenue guidance of $2.6 billion-, compared to the consensus revenue estimate of $2.6 billion. BWX Technologies also updated its FY24 guidance to $3.05-3.20 EPS.

BWX Technologies Price Performance

NYSE BWXT traded up $0.20 on Thursday, reaching $88.27. The company had a trading volume of 111,739 shares, compared to its average volume of 617,887. BWX Technologies has a 12 month low of $60.17 and a 12 month high of $107.18. The firm’s 50 day moving average price is $98.52 and its 200 day moving average price is $86.33. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $8.07 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 3.10 and a beta of 0.75.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, May 6th. The technology company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.67 by $0.09. The firm had revenue of $603.97 million during the quarter, compared to analyst estimates of $599.92 million. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. BWX Technologies’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.70 earnings per share. As a group, equities analysts predict that BWX Technologies will post 3.14 earnings per share for the current year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.09%. The ex-dividend date is Thursday, May 16th. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BWXT shares. StockNews.com upgraded BWX Technologies from a hold rating to a buy rating in a research report on Wednesday. Truist Financial restated a hold rating and set a $95.00 price target (down previously from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of BWX Technologies from $111.00 to $110.00 and set a buy rating on the stock in a research note on Tuesday. Finally, Bank of America upped their price target 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $92.43.

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.