BWX Technologies (NYSE:BWXT) Announces Earnings Results

BWX Technologies (NYSE:BWXT) issued its quarterly earnings data on Monday. The technology company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06, Briefing.com reports. The firm had revenue of $672.00 million during the quarter, compared to analyst estimates of $658.84 million. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. BWX Technologies’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 EPS. BWX Technologies updated its FY24 guidance to ~$3.20 EPS and its FY 2024 guidance to 3.200-3.200 EPS.

BWX Technologies Stock Performance

NYSE:BWXT traded down $2.08 during midday trading on Tuesday, reaching $117.60. 201,415 shares of the company traded hands, compared to its average volume of 613,151. BWX Technologies has a twelve month low of $74.62 and a twelve month high of $128.00. The firm has a market capitalization of $10.75 billion, a price-to-earnings ratio of 40.99, a price-to-earnings-growth ratio of 4.41 and a beta of 0.69. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.23 and a quick ratio of 2.23. The company has a fifty day moving average price of $110.82 and a 200 day moving average price of $100.22.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BWXT shares. Deutsche Bank Aktiengesellschaft lifted their target price on BWX Technologies from $113.00 to $129.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Finally, Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.67.

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.