$0.60 EPS Expected for BWX Technologies Inc (BWXT) This Quarter

Wall Street analysts expect BWX Technologies Inc (NYSE:BWXT) to announce $0.60 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for BWX Technologies’ earnings, with the highest EPS estimate coming in at $0.61 and the lowest estimate coming in at $0.58. BWX Technologies reported earnings per share of $0.47 during the same quarter last year, which would indicate a positive year over year growth rate of 27.7%. The company is expected to issue its next quarterly earnings report on Tuesday, February 26th.

According to Zacks, analysts expect that BWX Technologies will report full year earnings of $2.25 per share for the current fiscal year, with EPS estimates ranging from $2.23 to $2.26. For the next financial year, analysts expect that the company will post earnings of $2.52 per share, with EPS estimates ranging from $2.45 to $2.65. 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 released its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.22). The firm had revenue of $425.50 million for the quarter, compared to the consensus estimate of $461.26 million. BWX Technologies had a return on equity of 66.38% and a net margin of 10.81%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 EPS.

Several equities analysts have recently commented on the stock. Credit Suisse Group lowered their price target on shares of BWX Technologies from $60.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, November 8th. TheStreet lowered shares of BWX Technologies from a “b” rating to a “c+” rating in a research report on Tuesday, November 13th. SunTrust Banks lowered their price target on shares of BWX Technologies from $83.00 to $79.00 and set a “buy” rating for the company in a research report on Tuesday, August 21st. Zacks Investment Research upgraded shares of BWX Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Finally, Maxim Group assumed coverage on shares of BWX Technologies in a research report on Tuesday, November 13th. They set a “buy” rating and a $60.00 price target for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $59.56.

In related news, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction dated Thursday, October 11th. The shares were sold at an average price of $57.65, for a total value of $57,650.00. Following the completion of the sale, the chief financial officer now owns 68,570 shares of the company’s stock, valued at $3,953,060.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rex D. Geveden acquired 2,500 shares of BWX Technologies stock in a transaction that occurred on Tuesday, November 20th. The stock was bought at an average cost of $41.49 per share, with a total value of $103,725.00. Following the acquisition, the chief executive officer now directly owns 28,595 shares of the company’s stock, valued at $1,186,406.55. The disclosure for this purchase can be found here. Insiders sold 3,000 shares of company stock valued at $165,510 in the last ninety days. Corporate insiders own 0.76% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. CENTRAL TRUST Co acquired a new stake in BWX Technologies in the 3rd quarter valued at about $100,000. Fort L.P. acquired a new stake in BWX Technologies in the 2nd quarter valued at about $118,000. Tower Research Capital LLC TRC acquired a new stake in BWX Technologies in the 3rd quarter valued at about $121,000. First Manhattan Co. acquired a new stake in BWX Technologies in the 3rd quarter valued at about $125,000. Finally, Point72 Hong Kong Ltd lifted its holdings in BWX Technologies by 2,445.8% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,113 shares of the technology company’s stock valued at $132,000 after acquiring an additional 2,030 shares during the last quarter. 96.69% of the stock is owned by institutional investors and hedge funds.

Shares of BWX Technologies stock traded down $0.94 during trading on Monday, hitting $41.86. 1,518,608 shares of the stock were exchanged, compared to its average volume of 1,138,587. The firm has a market capitalization of $4.23 billion, a P/E ratio of 20.42, a P/E/G ratio of 1.63 and a beta of 0.53. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.90 and a current ratio of 1.90. BWX Technologies has a 12 month low of $40.90 and a 12 month high of $72.18.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Tuesday, November 20th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Monday, November 19th. BWX Technologies’s payout ratio is currently 31.22%.

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.

Recommended Story: How accurate is the Rule of 72?

Get a free copy of the Zacks research report on BWX Technologies (BWXT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for BWX Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BWX Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply