BWX Technologies (NYSE:BWXT) Issues Earnings Results

BWX Technologies (NYSE:BWXT - Get Free Report) issued its quarterly earnings results on Monday. The technology company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.09, Briefing.com reports. The business had revenue of $603.97 million for the quarter, compared to analysts' expectations of $599.92 million. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. The company's revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.70 EPS. BWX Technologies updated its FY24 guidance to $3.05-3.20 EPS and its FY 2024 guidance to 3.050-3.200 EPS.

BWX Technologies Trading Down 12.0 %

Shares of BWXT traded down $11.82 during midday trading on Tuesday, hitting $87.06. The stock had a trading volume of 1,982,882 shares, compared to its average volume of 620,110. BWX Technologies has a 1 year low of $60.17 and a 1 year high of $107.18. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.18 and a quick ratio of 2.18. The stock's 50 day moving average is $98.82 and its 200 day moving average is $86.25. The firm has a market cap of $7.96 billion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 3.10 and a beta of 0.75.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, May 16th. BWX Technologies's payout ratio is 35.69%.

Wall Street Analyst Weigh In

A number of research firms recently commented on BWXT. Deutsche Bank Aktiengesellschaft lowered their price target on BWX Technologies from $111.00 to $110.00 and set a "buy" rating on the stock in a report on Tuesday. Truist Financial reiterated a "hold" rating and issued a $95.00 price target (down from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Bank of America raised their price objective on BWX Technologies from $82.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, March 28th. Finally, StockNews.com lowered BWX Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, March 12th. Four 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 stock has an average rating of "Moderate Buy" and a consensus price target of $92.43.

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.