BWX Technologies (NYSE:BWXT) Issues FY 2022 Earnings Guidance

BWX Technologies (NYSE:BWXTGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided EPS guidance of $3.05-$3.25 for the period, compared to the consensus EPS estimate of $3.14. The company issued revenue guidance of $2.19 billion-$2.21 billion, compared to the consensus revenue estimate of $2.20 billion.

Several analysts have weighed in on the company. Zacks Investment Research downgraded BWX Technologies from a buy rating to a hold rating in a research report on Wednesday, May 11th. StockNews.com began coverage on BWX Technologies in a research note on Thursday, March 31st. They set a hold rating on the stock. TheStreet raised BWX Technologies from a c+ rating to a b- rating in a research note on Thursday, March 17th. Finally, Bank of America boosted their target price on BWX Technologies from $55.00 to $65.00 and gave the company a buy rating in a research note on Wednesday, March 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $63.17.

Shares of BWXT traded up $0.48 during mid-day trading on Thursday, hitting $50.49. 16,388 shares of the company’s stock traded hands, compared to its average volume of 576,520. The firm has a market capitalization of $4.60 billion, a P/E ratio of 15.88, a PEG ratio of 2.00 and a beta of 0.90. The business’s 50-day moving average price is $53.00 and its 200-day moving average price is $50.21. BWX Technologies has a 1 year low of $42.58 and a 1 year high of $64.91. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 1.97.

BWX Technologies (NYSE:BWXTGet Rating) last issued its quarterly earnings results on Monday, May 9th. The technology company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.02. The company had revenue of $531.00 million for the quarter, compared to analysts’ expectations of $514.96 million. BWX Technologies had a return on equity of 43.72% and a net margin of 13.88%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 earnings per share. Sell-side analysts anticipate that BWX Technologies will post 3.17 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 8th. Investors of record on Friday, May 20th will be paid a $0.22 dividend. The ex-dividend date is Thursday, May 19th. This represents a $0.88 annualized dividend and a yield of 1.74%. BWX Technologies’s payout ratio is 27.94%.

In other BWX Technologies news, CAO Jason S. Kerr sold 2,000 shares of the business’s stock in a transaction on Monday, March 7th. The stock was sold at an average price of $54.76, for a total value of $109,520.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Richard W. Loving sold 900 shares of the business’s stock in a transaction on Monday, February 28th. The stock was sold at an average price of $50.00, for a total value of $45,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,093 shares of company stock worth $1,299,788. 0.47% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its holdings in shares of BWX Technologies by 151.0% during the first quarter. Invesco Ltd. now owns 737,554 shares of the technology company’s stock valued at $39,725,000 after purchasing an additional 443,758 shares in the last quarter. State Street Corp lifted its holdings in shares of BWX Technologies by 11.9% during the first quarter. State Street Corp now owns 2,645,251 shares of the technology company’s stock valued at $142,473,000 after purchasing an additional 281,441 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of BWX Technologies by 110.2% during the first quarter. Renaissance Technologies LLC now owns 513,200 shares of the technology company’s stock valued at $27,641,000 after purchasing an additional 269,100 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of BWX Technologies by 4.0% during the first quarter. Wellington Management Group LLP now owns 5,683,810 shares of the technology company’s stock valued at $306,130,000 after purchasing an additional 217,425 shares in the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of BWX Technologies by 8.7% during the first quarter. Capital Research Global Investors now owns 2,632,834 shares of the technology company’s stock valued at $141,804,000 after purchasing an additional 211,329 shares in the last quarter. 97.26% of the stock is currently owned by institutional investors and hedge funds.

About BWX Technologies (Get Rating)

BWX Technologies, Inc manufactures and sells nuclear components in the United States, Canada, and internationally. It operates in three segments: Nuclear Operations Group, Nuclear Power Group, and Nuclear Services Group. The Nuclear Operations Group segment provides precision naval and critical nuclear components, reactors, nuclear fuel, and assemblies for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; missile launch tubes for United States Navy submarines; close-tolerance and equipment for nuclear applications; and converts Cold War-era government stockpiles of high-enriched uranium, as well as receives, stores, characterizes, dissolves, recovers, and purifies uranium-bearing materials; supplies research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications.

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Earnings History and Estimates for BWX Technologies (NYSE:BWXT)

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