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

BWX Technologies (NYSE:BWXT) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 3.050-3.200 for the period, compared to the consensus EPS 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BWXT shares. Deutsche Bank Aktiengesellschaft reduced their target price on BWX Technologies from $111.00 to $110.00 and set a buy rating for the company in a report on Tuesday. Truist Financial reaffirmed a hold rating and set a $95.00 price objective (down from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. StockNews.com upgraded shares of BWX Technologies from a hold rating to a buy rating in a report on Wednesday. Finally, Bank of America upped their price target on BWX Technologies from $82.00 to $115.00 and gave the stock a buy rating in a report on Thursday, March 28th. Three research 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 presently has an average rating of Moderate Buy and an average target price of $92.43.

BWX Technologies Price Performance

Shares of BWXT traded up $1.03 during mid-day trading on Wednesday, hitting $88.08. 933,435 shares of the company traded hands, compared to its average volume of 623,638. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.29. The business has a 50-day moving average of $98.52 and a 200 day moving average of $86.33. BWX Technologies has a one year low of $60.17 and a one year high of $107.18. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 3.10 and a beta of 0.75.

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

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, May 16th. BWX Technologies’s dividend payout ratio (DPR) is currently 35.69%.

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.