BWX Technologies (NYSE:BWXT) Updates FY 2024 Earnings Guidance

BWX Technologies (NYSE:BWXT - Get Free Report) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 3.050-3.200 for the period, compared to the consensus estimate of 3.140. The company issued revenue guidance of $2.6 billion-, compared to the consensus revenue estimate of $2.6 billion. BWX Technologies also updated its FY24 guidance to $3.05-3.20 EPS.

BWX Technologies Stock Performance

Shares of NYSE:BWXT traded up $1.50 during trading on Monday, hitting $98.84. The company's stock had a trading volume of 772,072 shares, compared to its average volume of 603,341. The company has a 50-day moving average of $98.82 and a 200-day moving average of $86.25. BWX Technologies has a 12 month low of $60.17 and a 12 month 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 firm has a market cap of $9.03 billion, a price-to-earnings ratio of 36.74, a P/E/G ratio of 3.10 and a beta of 0.75.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its earnings results on Tuesday, February 27th. The technology company reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.07. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. The company had revenue of $725.52 million for the quarter, compared to analysts' expectations of $659.42 million. During the same quarter last year, the business earned $0.93 EPS. The firm's revenue was up 16.2% compared to the same quarter last year. On average, sell-side analysts expect that BWX Technologies will post 3.14 earnings per share for the current year.

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 11th were paid a dividend of $0.24 per share. This is a boost from BWX Technologies's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.96 dividend on an annualized basis and a yield of 0.97%. BWX Technologies's dividend payout ratio (DPR) is presently 35.69%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. StockNews.com cut shares of BWX Technologies from a buy rating to a hold rating in a research note on Tuesday, March 12th. Bank of America increased their price objective on shares of BWX Technologies from $82.00 to $115.00 and gave the company a buy rating in a report on Thursday, March 28th. Finally, Truist Financial reaffirmed 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target 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.