Wall Street analysts expect BWX Technologies, Inc. (NYSE:BWXT) to announce earnings of $0.72 per share for the current quarter, Zacks reports. Two analysts have issued estimates for BWX Technologies’ earnings, with estimates ranging from $0.66 to $0.77. BWX Technologies posted earnings per share of $0.79 during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.9%. The business is expected to report its next earnings results on Monday, May 3rd.
On average, analysts expect that BWX Technologies will report full year earnings of $3.16 per share for the current fiscal year, with EPS estimates ranging from $3.15 to $3.19. For the next financial year, analysts forecast that the firm will report earnings of $3.44 per share, with EPS estimates ranging from $3.30 to $3.52. Zacks’ EPS averages are an average based on a survey of research analysts that follow BWX Technologies.
BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Sunday, February 21st. The technology company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.03. BWX Technologies had a net margin of 13.27% and a return on equity of 61.50%. The firm had revenue of $557.00 million during the quarter, compared to the consensus estimate of $496.13 million. During the same quarter last year, the firm earned $0.71 earnings per share. The firm’s revenue was up 11.2% compared to the same quarter last year.
Shares of BWXT traded down $0.39 during mid-day trading on Tuesday, hitting $67.32. The company’s stock had a trading volume of 223,795 shares, compared to its average volume of 420,845. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.64. BWX Technologies has a 1-year low of $49.50 and a 1-year high of $68.67. The firm has a market capitalization of $6.40 billion, a P/E ratio of 23.54, a P/E/G ratio of 2.13 and a beta of 0.96. The firm has a 50-day simple moving average of $62.63 and a 200 day simple moving average of $59.03.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 26th. Investors of record on Wednesday, March 10th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, March 9th. This is a boost from BWX Technologies’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 1.25%. BWX Technologies’s payout ratio is currently 32.06%.
In other news, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction on Thursday, February 11th. The stock was sold at an average price of $57.24, for a total transaction of $57,240.00. Following the completion of the transaction, the chief financial officer now owns 68,551 shares of the company’s stock, valued at approximately $3,923,859.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 3,300 shares of company stock valued at $201,903. Company insiders own 0.46% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in BWXT. First Trust Advisors LP raised its position in shares of BWX Technologies by 9.1% during the 1st quarter. First Trust Advisors LP now owns 75,082 shares of the technology company’s stock worth $3,723,000 after purchasing an additional 6,233 shares during the last quarter. LPL Financial LLC increased its position in BWX Technologies by 14.5% during the third quarter. LPL Financial LLC now owns 4,073 shares of the technology company’s stock worth $229,000 after buying an additional 516 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of BWX Technologies by 517.2% in the third quarter. Great West Life Assurance Co. Can now owns 47,309 shares of the technology company’s stock valued at $2,768,000 after acquiring an additional 39,644 shares in the last quarter. Wetherby Asset Management Inc. acquired a new stake in shares of BWX Technologies during the third quarter valued at $284,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of BWX Technologies by 158.5% during the third quarter. Advisors Asset Management Inc. now owns 2,050 shares of the technology company’s stock valued at $115,000 after acquiring an additional 1,257 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.
BWX Technologies Company Profile
BWX Technologies, Inc manufactures and sells nuclear components in the United States, Canada, and internationally. Its Nuclear Operations Group segment offers nuclear components, reactors, assemblies, and fuel for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; close-tolerance equipment for nuclear applications; research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications.
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