BWX Technologies (BWXT) Scheduled to Post Quarterly Earnings on Monday

BWX Technologies (NYSE:BWXT) will release 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.Investors interested in registering for the company’s conference call can do so using this link.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Tuesday, February 27th. The technology company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.07. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The business had revenue of $725.52 million during the quarter, compared to analyst estimates of $659.42 million. During the same period in the previous year, the company posted $0.93 EPS. The firm’s revenue was up 16.2% compared to the same quarter last year. 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 Stock Performance

Shares of BWX Technologies stock opened at $95.99 on Monday. BWX Technologies has a one year low of $60.17 and a one year high of $107.18. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of 35.68, a PEG ratio of 3.06 and a beta of 0.73. The business has a 50-day simple moving average of $97.89 and a 200 day simple moving average of $85.38. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.18 and a quick ratio of 2.18.

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 11th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.00%. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 8th. BWX Technologies’s payout ratio is presently 35.69%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Bank of America boosted their price objective on BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Finally, Truist Financial reissued a “hold” rating and set a $95.00 price objective (down from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, BWX Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $89.00.

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.