BWX Technologies (NYSE:BWXT) Issues Quarterly Earnings Results, Beats Expectations By $0.09 EPS

BWX Technologies (NYSE:BWXT) posted its quarterly earnings results on Monday. The technology company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09, Briefing.com reports. The company had revenue of $603.97 million for the quarter, compared to analysts’ expectations of $599.92 million. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $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 Stock Performance

BWXT stock opened at $93.11 on Tuesday. The firm has a market cap of $8.51 billion, a price-to-earnings ratio of 36.76, a PEG ratio of 3.10 and a beta of 0.75. BWX Technologies has a twelve month low of $60.17 and a twelve month high of $107.18. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.29. The business’s fifty day simple moving average is $98.82 and its two-hundred day simple moving average is $86.25.

BWX Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 11th were issued a dividend of $0.24 per share. 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 1.03%. This is a boost from BWX Technologies’s previous quarterly dividend of $0.23. BWX Technologies’s payout ratio is presently 35.69%.

Analyst Ratings Changes

A number of brokerages recently weighed in on BWXT. StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Truist Financial reiterated a “hold” rating and issued a $95.00 target price (down from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Finally, Bank of America raised their target price 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. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $89.00.

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.