BWX Technologies (NYSE:BWXT) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

BWX Technologies (NYSE:BWXT) posted its quarterly earnings results on Monday. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.09, Briefing.com reports. The business had revenue of $603.97 million for the quarter, compared to analyst estimates of $599.92 million. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.70 EPS. BWX Technologies updated its FY24 guidance to $3.05-3.20 EPS and its FY 2024 guidance to 3.050-3.200 EPS.

BWX Technologies Trading Down 0.1 %

Shares of NYSE BWXT opened at $88.00 on Thursday. BWX Technologies has a 12 month low of $60.17 and a 12 month high of $107.18. The company has a market cap of $8.04 billion, a price-to-earnings ratio of 31.80, a P/E/G ratio of 3.10 and a beta of 0.75. 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 business has a fifty day simple moving average of $98.52 and a 200-day simple moving average of $86.33.

BWX Technologies Announces Dividend

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

Wall Street Analyst Weigh In

BWXT has been the subject of a number of recent research reports. Truist Financial restated a “hold” rating and set a $95.00 price objective (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday. Bank of America increased their price target on BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on BWX Technologies from $111.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $92.43.

BWX Technologies Company Profile

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.