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

BWX Technologies (NYSE:BWXT) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 3.100-3.200 for the period, compared to the consensus earnings per share estimate of 3.170. 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 $3.10-$3.20 EPS.

BWX Technologies Trading Up 2.2 %

NYSE:BWXT traded up $2.05 during mid-day trading on Wednesday, hitting $95.29. 180,880 shares of the stock traded hands, compared to its average volume of 585,248. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 34.53, a PEG ratio of 3.65 and a beta of 0.68. BWX Technologies has a 52 week low of $70.21 and a 52 week high of $107.18. The firm’s 50 day moving average is $94.97 and its two-hundred day moving average is $93.74. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.29.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The business had revenue of $681.50 million for the quarter, compared to the consensus estimate of $639.31 million. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 EPS. On average, equities research analysts predict that BWX Technologies will post 3.19 earnings per share for the current year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.96 dividend on an annualized basis and a yield of 1.01%. BWX Technologies’s dividend payout ratio is currently 34.66%.

Analyst Upgrades and Downgrades

BWXT has been the subject of several research reports. Barclays cut shares of BWX Technologies from an equal weight rating to an underweight rating and upped their price target for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. CLSA began coverage on shares of BWX Technologies in a research note on Monday, June 3rd. They set a buy rating on the stock. StockNews.com upgraded shares of BWX Technologies from a hold rating to a buy rating in a research note on Tuesday. Janney Montgomery Scott started coverage on shares of BWX Technologies in a research note on Thursday, June 27th. They issued a buy rating and a $113.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of BWX Technologies from $112.00 to $113.00 and gave the company a buy rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, BWX Technologies presently has a consensus rating of Moderate Buy and an average target price of $100.38.

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.