Equities analysts expect BWX Technologies Inc (NYSE:BWXT) to post earnings of $0.60 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for BWX Technologies’ earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $0.61. BWX Technologies reported earnings of $0.47 per share during the same quarter last year, which suggests a positive year over year growth rate of 27.7%. The business is scheduled to report its next earnings results on Tuesday, February 26th.
On average, analysts expect that BWX Technologies will report full year earnings of $2.25 per share for the current financial year, with EPS estimates ranging from $2.23 to $2.26. For the next fiscal year, analysts forecast that the company will report earnings of $2.52 per share, with EPS estimates ranging from $2.45 to $2.65. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for BWX Technologies.
BWX Technologies (NYSE:BWXT) last issued its earnings results on Tuesday, November 6th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.22). BWX Technologies had a return on equity of 66.38% and a net margin of 10.81%. The firm had revenue of $425.50 million during the quarter, compared to analyst estimates of $461.26 million. During the same period in the previous year, the company earned $0.46 EPS. BWX Technologies’s revenue for the quarter was up 1.5% on a year-over-year basis.
A number of equities analysts have issued reports on the company. ValuEngine raised BWX Technologies from a “sell” rating to a “hold” rating in a report on Monday, November 19th. Zacks Investment Research cut BWX Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, November 15th. Drexel Hamilton reaffirmed a “buy” rating and issued a $55.00 target price on shares of BWX Technologies in a report on Thursday, November 15th. TheStreet cut BWX Technologies from a “b” rating to a “c+” rating in a report on Tuesday, November 13th. Finally, Maxim Group assumed coverage on BWX Technologies in a report on Tuesday, November 13th. They issued a “buy” rating and a $60.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $59.56.
In related news, CEO Rex D. Geveden purchased 2,500 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The stock was bought at an average price of $41.49 per share, with a total value of $103,725.00. Following the completion of the purchase, the chief executive officer now owns 28,595 shares in the company, valued at approximately $1,186,406.55. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO David S. Black sold 1,000 shares of the stock in a transaction dated Thursday, October 11th. The shares were sold at an average price of $57.65, for a total value of $57,650.00. Following the completion of the sale, the chief financial officer now directly owns 68,570 shares of the company’s stock, valued at approximately $3,953,060.50. The disclosure for this sale can be found here. In the last three months, insiders sold 3,000 shares of company stock valued at $165,510. Insiders own 0.76% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of BWX Technologies by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 8,832,119 shares of the technology company’s stock valued at $552,361,000 after purchasing an additional 167,386 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of BWX Technologies by 15.9% during the 3rd quarter. William Blair Investment Management LLC now owns 6,647,175 shares of the technology company’s stock valued at $415,715,000 after purchasing an additional 911,880 shares in the last quarter. BlackRock Inc. boosted its position in shares of BWX Technologies by 2.9% during the 3rd quarter. BlackRock Inc. now owns 6,131,318 shares of the technology company’s stock valued at $383,454,000 after purchasing an additional 171,620 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of BWX Technologies by 12.5% during the 3rd quarter. Brown Advisory Inc. now owns 5,076,657 shares of the technology company’s stock valued at $317,494,000 after purchasing an additional 563,539 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of BWX Technologies by 2.5% during the 2nd quarter. Wells Fargo & Company MN now owns 2,899,523 shares of the technology company’s stock valued at $180,698,000 after purchasing an additional 69,903 shares in the last quarter. 96.69% of the stock is owned by institutional investors.
BWXT traded down $0.94 on Monday, reaching $41.86. The stock had a trading volume of 1,518,608 shares, compared to its average volume of 1,138,587. BWX Technologies has a fifty-two week low of $40.90 and a fifty-two week high of $72.18. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.93. The stock has a market cap of $4.23 billion, a PE ratio of 20.42, a PEG ratio of 1.63 and a beta of 0.53.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Tuesday, November 20th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Monday, November 19th. This represents a $0.64 dividend on an annualized basis and a yield of 1.53%. BWX Technologies’s payout ratio is presently 31.22%.
BWX Technologies Company Profile
BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.
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