BWX Technologies (NYSE:BWXT) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

BWX Technologies (NYSE:BWXT) announced its quarterly earnings results on Monday. The technology company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.77 by $0.06, Briefing.com reports. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The company had revenue of $672.00 million for the quarter, compared to analyst estimates of $658.84 million. During the same quarter in the prior year, the business posted $0.67 EPS. BWX Technologies’s quarterly revenue was up 13.9% on a year-over-year basis. BWX Technologies updated its FY24 guidance to ~$3.20 EPS and its FY 2024 guidance to 3.200-3.200 EPS.

BWX Technologies Price Performance

BWXT stock traded up $1.38 during trading on Wednesday, hitting $118.33. 1,227,219 shares of the stock traded hands, compared to its average volume of 624,141. BWX Technologies has a one year low of $74.69 and a one year high of $128.00. The stock has a market cap of $10.82 billion, a price-to-earnings ratio of 38.84, a P/E/G ratio of 4.41 and a beta of 0.69. The company has a 50 day simple moving average of $111.13 and a 200 day simple moving average of $100.40. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21.

BWX Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies’s dividend payout ratio is currently 31.79%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Truist Financial raised their target price on shares of BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft raised their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Barclays lowered shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their price target for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $110.67.

BWX Technologies Company Profile

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.