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

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

BWX Technologies Trading Down 2.3 %

Shares of NYSE BWXT traded down $2.71 during trading hours on Tuesday, reaching $116.97. The stock had a trading volume of 1,950,057 shares, compared to its average volume of 621,322. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21. The firm has a market cap of $10.69 billion, a price-to-earnings ratio of 38.58, a P/E/G ratio of 4.41 and a beta of 0.69. The business's fifty day moving average price is $110.82 and its two-hundred day moving average price is $100.22. BWX Technologies has a 52-week low of $74.62 and a 52-week high of $128.00.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.82%. BWX Technologies's dividend payout ratio is 31.79%.

Analyst Ratings Changes

Several brokerages recently issued reports on BWXT. Truist Financial boosted their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the company a "hold" rating in a research report on Tuesday. Barclays cut BWX Technologies from an "equal weight" rating to an "underweight" rating and raised their target price for the company from $75.00 to $90.00 in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their target price on BWX Technologies from $113.00 to $129.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Finally, StockNews.com raised BWX Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $110.50.

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.