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

BWX Technologies (NYSE:BWXT) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 3.050-3.200 for the period, compared to the consensus earnings per share estimate of 3.140. 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 $3.05-3.20 EPS.

BWX Technologies Stock Down 12.0 %

Shares of BWXT traded down $11.82 during trading hours on Tuesday, reaching $87.06. The company’s stock had a trading volume of 1,982,882 shares, compared to its average volume of 620,110. 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 company has a 50 day moving average of $98.82 and a two-hundred day moving average of $86.25. The firm has a market cap of $7.96 billion, a price-to-earnings ratio of 32.30, a P/E/G ratio of 3.10 and a beta of 0.75. BWX Technologies has a 1-year low of $60.17 and a 1-year high of $107.18.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, May 6th. The technology company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.67 by $0.09. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. The firm had revenue of $603.97 million for the quarter, compared to the consensus estimate of $599.92 million. During the same quarter last year, the firm posted $0.70 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, research analysts predict that BWX Technologies will post 3.14 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Friday, May 17th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.96 annualized dividend and a dividend yield of 1.10%. BWX Technologies’s dividend payout ratio is presently 35.69%.

Analyst Upgrades and Downgrades

Several research analysts have commented on BWXT shares. Bank of America lifted their price target on BWX Technologies from $82.00 to $115.00 and gave the stock a buy rating in a research report on Thursday, March 28th. Truist Financial reaffirmed a hold rating and set a $95.00 target price (down previously from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. StockNews.com cut shares of BWX Technologies from a buy rating to a hold rating in a research note on Tuesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of BWX Technologies from $111.00 to $110.00 and set a buy rating on the stock in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, BWX Technologies presently has a consensus rating of Moderate Buy and a consensus price target of $92.43.

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.