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

BWX Technologies (NYSE:BWXT) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided EPS guidance of 3.200-3.200 for the period, compared to the consensus EPS estimate of 3.190. The company issued revenue guidance of $2.7 billion-$2.7 billion, compared to the consensus revenue estimate of $2.7 billion. BWX Technologies also updated its FY24 guidance to ~$3.20 EPS.

BWX Technologies Price Performance

NYSE BWXT traded up $2.74 during trading hours on Thursday, hitting $121.07. The company had a trading volume of 641,717 shares, compared to its average volume of 624,283. BWX Technologies has a 52 week low of $74.69 and a 52 week high of $128.00. The firm has a 50 day simple moving average of $111.46 and a 200 day simple moving average of $100.53. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.23 and a current ratio of 2.23. The firm has a market capitalization of $11.07 billion, a price-to-earnings ratio of 39.18, a PEG ratio of 4.41 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. The firm had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the company posted $0.67 EPS. Equities research analysts expect that BWX Technologies will post 3.2 earnings per share for the current year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be given a $0.24 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a yield of 0.79%. BWX Technologies’s payout ratio is 31.79%.

Wall Street Analyst Weigh In

BWXT has been the topic of a number of analyst reports. Truist Financial lifted their price target on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research note on Tuesday. Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their price target for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft boosted their target price on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.67.

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.