BWX Technologies (NYSE:BWXT) Releases FY24 Earnings Guidance

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BWXT shares. StockNews.com lowered shares of BWX Technologies from a buy rating to a hold rating in a report on Tuesday, March 12th. Truist Financial reissued a hold rating and set a $95.00 target price (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Finally, Bank of America lifted their price target on BWX Technologies from $82.00 to $115.00 and gave the company a buy rating in a research note on Thursday, March 28th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $89.00.

BWX Technologies Price Performance

Shares of BWXT traded up $1.54 during trading hours on Monday, hitting $98.88. 659,324 shares of the stock were exchanged, compared to its average volume of 603,154. The stock’s 50-day moving average price is $98.64 and its two-hundred day moving average price is $86.09. BWX Technologies has a 12-month low of $60.17 and a 12-month high of $107.18. 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 company has a market cap of $9.04 billion, a price-to-earnings ratio of 36.19, a price-to-earnings-growth ratio of 3.10 and a beta of 0.75.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Tuesday, February 27th. The technology company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.07. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. The business had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $659.42 million. During the same period in the prior year, the business earned $0.93 earnings per share. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. Research analysts expect that BWX Technologies will post 3.14 earnings per share for the current year.

BWX Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 11th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, March 8th. This represents a $0.96 dividend on an annualized basis and a yield of 0.97%. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.23. BWX Technologies’s payout ratio is 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.