Analysts Anticipate BWX Technologies Inc (NYSE:BWXT) Will Post Earnings of $0.64 Per Share

Wall Street brokerages forecast that BWX Technologies Inc (NYSE:BWXT) will post $0.64 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for BWX Technologies’ earnings. The lowest EPS estimate is $0.63 and the highest is $0.64. BWX Technologies reported earnings per share of $0.74 in the same quarter last year, which indicates a negative year-over-year growth rate of 13.5%. The business is scheduled to announce its next quarterly earnings report on Monday, February 24th.

On average, analysts expect that BWX Technologies will report full year earnings of $2.54 per share for the current year, with EPS estimates ranging from $2.50 to $2.56. For the next financial year, analysts anticipate that the business will post earnings of $2.77 per share, with EPS estimates ranging from $2.74 to $2.80. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover BWX Technologies.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, November 4th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14. BWX Technologies had a return on equity of 90.98% and a net margin of 10.93%. The company had revenue of $506.00 million for the quarter, compared to analyst estimates of $486.02 million. During the same quarter in the previous year, the company earned $0.40 earnings per share. The firm’s quarterly revenue was up 18.8% compared to the same quarter last year.

Several equities analysts recently issued reports on BWXT shares. Seaport Global Securities set a $62.00 target price on BWX Technologies and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Barclays set a $55.00 price target on shares of BWX Technologies and gave the stock a “sell” rating in a research note on Tuesday, October 8th. ValuEngine cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Maxim Group reissued a “buy” rating and issued a $71.00 price objective on shares of BWX Technologies in a research note on Wednesday, August 7th. Finally, Zacks Investment Research cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $60.50.

In related news, insider Joel W. Duling sold 1,600 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $60.87, for a total transaction of $97,392.00. Following the sale, the insider now directly owns 16,801 shares in the company, valued at $1,022,676.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $54.73, for a total transaction of $54,730.00. Following the completion of the sale, the chief financial officer now directly owns 75,161 shares in the company, valued at approximately $4,113,561.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,600 shares of company stock worth $272,732. 0.44% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. William Blair Investment Management LLC raised its position in shares of BWX Technologies by 10.4% during the 2nd quarter. William Blair Investment Management LLC now owns 7,012,266 shares of the technology company’s stock worth $365,339,000 after acquiring an additional 659,488 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in BWX Technologies by 13.0% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,656,977 shares of the technology company’s stock worth $86,328,000 after acquiring an additional 190,041 shares in the last quarter. Invesco Ltd. raised its stake in BWX Technologies by 16.9% during the 2nd quarter. Invesco Ltd. now owns 1,594,660 shares of the technology company’s stock worth $83,082,000 after acquiring an additional 231,113 shares in the last quarter. Schroder Investment Management Group lifted its position in BWX Technologies by 87.6% in the second quarter. Schroder Investment Management Group now owns 1,442,966 shares of the technology company’s stock valued at $75,178,000 after acquiring an additional 673,606 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in BWX Technologies by 10.9% in the second quarter. Royal Bank of Canada now owns 720,029 shares of the technology company’s stock valued at $37,512,000 after acquiring an additional 70,625 shares during the last quarter.

Shares of NYSE BWXT traded up $0.57 during trading on Wednesday, reaching $59.36. The stock had a trading volume of 1,257 shares, compared to its average volume of 443,294. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.86 and a current ratio of 1.86. The company has a market cap of $5.73 billion, a P/E ratio of 24.83, a PEG ratio of 2.67 and a beta of 1.03. BWX Technologies has a fifty-two week low of $35.91 and a fifty-two week high of $62.94. The business’s 50-day moving average price is $59.17 and its 200-day moving average price is $55.08.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 20th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.68 annualized dividend and a yield of 1.15%. BWX Technologies’s payout ratio is 28.45%.

About BWX Technologies

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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Earnings History and Estimates for BWX Technologies (NYSE:BWXT)

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