BWX Technologies (BWXT) Set to Announce Quarterly Earnings on Monday

BWX Technologies (NYSE:BWXT) is scheduled to be releasing its earnings data after the market closes on Monday, May 6th. Analysts expect BWX Technologies to post earnings of $0.67 per share for the quarter. BWX Technologies has set its FY24 guidance at $3.05-$3.20 EPS and its FY 2024 guidance at 3.050-3.200 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Tuesday, February 27th. The technology company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.07. The company had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $659.42 million. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. The business’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 earnings per share. On average, analysts expect BWX Technologies to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

BWX Technologies Price Performance

Shares of NYSE BWXT opened at $97.29 on Friday. The company has a fifty day moving average price of $98.64 and a 200 day moving average price of $85.98. BWX Technologies has a 1-year low of $60.17 and a 1-year high of $107.18. The firm has a market cap of $8.89 billion, a PE ratio of 36.17, a PEG ratio of 3.05 and a beta of 0.75. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.29.

BWX Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 11th were given a dividend of $0.24 per share. This is a boost from BWX Technologies’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Friday, March 8th. BWX Technologies’s dividend payout ratio is currently 35.69%.

Wall Street Analyst Weigh In

BWXT has been the topic of several research reports. Truist Financial restated a “hold” rating and issued a $95.00 target price (down previously from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Bank of America lifted their price target on shares of BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Finally, StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $89.00.

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.