BWX Technologies (NYSE:BWXT) Announces Earnings Results, Beats Expectations By $0.08 EPS

Key Points

• BWX Technologies reported adjusted EPS of $1.26, beating analyst expectations by $0.08, while quarterly revenue of $952.97 million fell short of the $970.52 million consensus estimate.
• Shares slipped to $130.34 during Monday trading, near the lower end of their 52-week range; the company reported a 30.83% return on equity and a 10.11% net margin.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and a $205 price target, although several firms recently lowered their targets. CEO Rex Geveden also sold 10,000 shares under a pre-arranged trading plan.

BWX Technologies (NYSE:BWXT - Get Free Report) announced its quarterly earnings results on Monday. The technology company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.18 by $0.08, FiscalAI reports. BWX Technologies had a return on equity of 30.83% and a net margin of 10.11%. The business had revenue of $952.97 million during the quarter, compared to analysts' expectations of $970.52 million.

BWX Technologies Stock Performance

Shares of NYSE BWXT traded down $0.36 during trading hours on Monday, reaching $130.34. The stock had a trading volume of 1,279,787 shares, compared to its average volume of 1,049,910. The business's fifty day moving average is $143.52 and its two-hundred day moving average is $184.80. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.40 and a quick ratio of 2.33. The company has a market cap of $11.94 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 1.85 and a beta of 0.74. BWX Technologies has a twelve month low of $123.05 and a twelve month high of $241.82.

Analyst Upgrades and Downgrades

Several research analysts have commented on BWXT shares. Bank of America dropped their price target on BWX Technologies from $250.00 to $210.00 and set a "buy" rating on the stock in a research report on Wednesday, September 30th. BNP Paribas Exane reduced their price target on shares of BWX Technologies from $190.00 to $165.00 and set a "neutral" rating for the company in a report on Thursday, September 24th. BTIG Research restated a "buy" rating and issued a $235.00 price target on shares of BWX Technologies in a research report on Wednesday, September 30th. Wall Street Zen lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Guggenheim reaffirmed a "buy" rating and set a $192.00 price objective on shares of BWX Technologies in a research report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, BWX Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $205.00.

Insider Buying and Selling

In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $172.50, for a total transaction of $1,725,000.00. Following the sale, the chief executive officer owned 192,491 shares in the company, valued at $33,204,697.50. The trade was a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

About BWX Technologies

BWX Technologies, Inc NYSE: BWXT is a specialty manufacturer and services provider focused on nuclear technology. The company designs and manufactures nuclear reactors, reactor components, nuclear fuel and related equipment, with a major emphasis on highly engineered systems used in naval and commercial applications.

BWXT is a key supplier to the U.S. government, supporting the U.S. Navy's nuclear-powered aircraft carriers and submarines through reactor design, component manufacturing, fuel production, maintenance and life-cycle services.

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