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

BWX Technologies (NYSE:BWXT) issued its quarterly earnings results on Monday. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09, Briefing.com reports. The firm 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 earnings per share. 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 Price Performance

NYSE:BWXT opened at $87.06 on Wednesday. BWX Technologies has a 52 week low of $60.17 and a 52 week high of $107.18. 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 company has a market capitalization of $7.96 billion, a P/E ratio of 32.36, a P/E/G ratio of 3.10 and a beta of 0.75. The stock’s fifty day moving average is $98.77 and its two-hundred day moving average is $86.32.

BWX Technologies Dividend Announcement

The firm also recently announced 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 is Thursday, May 16th. This represents a $0.96 dividend on an annualized basis and a yield of 1.10%. BWX Technologies’s dividend payout ratio is currently 35.69%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BWXT shares. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Deutsche Bank Aktiengesellschaft reduced 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 set a $95.00 price objective (down previously from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Finally, Bank of America lifted their price objective on BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.43.

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.