BWX Technologies (NYSE:BWXT) Updates FY24 Earnings Guidance

BWX Technologies (NYSE:BWXT) updated its FY24 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $3.05-3.20 for the period, compared to the consensus estimate of $3.14. The company issued revenue guidance of above $2.60 billion, compared to the consensus revenue estimate of $2.61 billion. BWX Technologies also updated its FY 2024 guidance to 3.050-3.200 EPS.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Bank of America raised their price objective on BWX Technologies from $82.00 to $115.00 and gave the stock a buy rating in a research note on Thursday, March 28th. Deutsche Bank Aktiengesellschaft lowered their price objective on BWX Technologies from $111.00 to $110.00 and set a buy rating on the stock in a research report on Tuesday. Truist Financial reiterated a hold rating and issued a $95.00 price objective (down previously from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Finally, StockNews.com cut BWX Technologies from a buy rating to a hold rating in a report on Tuesday, March 12th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BWX Technologies presently has an average rating of Moderate Buy and a consensus price target of $92.43.

BWX Technologies Trading Up 1.2 %

Shares of BWXT traded up $1.03 during midday trading on Wednesday, hitting $88.08. 933,435 shares of the stock were exchanged, compared to its average volume of 623,638. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.18 and a current ratio of 2.18. The firm has a market cap of $8.05 billion, a P/E ratio of 32.74, a P/E/G ratio of 3.10 and a beta of 0.75. BWX Technologies has a 52-week low of $60.17 and a 52-week high of $107.18. The stock has a fifty day simple moving average of $98.52 and a 200 day simple moving average of $86.33.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. The company had revenue of $603.97 million during the quarter, compared to the consensus estimate of $599.92 million. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. BWX Technologies’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.70 EPS. On average, research analysts anticipate that BWX Technologies will post 3.14 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Friday, May 17th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.96 annualized dividend and a yield of 1.09%. BWX Technologies’s dividend payout ratio is presently 35.69%.

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.