BWX Technologies (NYSE:BWXT) Releases FY24 Earnings Guidance

BWX Technologies (NYSE:BWXT) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of ~$3.20 for the period, compared to the consensus estimate of $3.19. The company issued revenue guidance of ~$2.70 billion, compared to the consensus revenue estimate of $2.64 billion. BWX Technologies also updated its FY 2024 guidance to 3.200-3.200 EPS.

BWX Technologies Trading Down 2.4 %

Shares of BWXT stock traded down $2.86 during trading on Tuesday, hitting $116.82. 701,559 shares of the stock traded hands, compared to its average volume of 615,195. BWX Technologies has a 52-week low of $74.62 and a 52-week high of $128.00. The firm’s fifty day moving average price is $110.82 and its 200-day moving average price is $100.22. The firm has a market capitalization of $10.68 billion, a P/E ratio of 40.64, a price-to-earnings-growth ratio of 4.41 and a beta of 0.69. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.23 and a quick ratio of 2.23.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.06. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The business had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $658.84 million. During the same period last year, the firm earned $0.67 earnings per share. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, research analysts forecast that BWX Technologies will post 3.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

BWXT has been the subject of several analyst reports. Truist Financial boosted their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their target price on BWX Technologies from $113.00 to $129.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, Barclays cut shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their target price for the company from $75.00 to $90.00 in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, BWX Technologies 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.