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.
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