Zacks: Analysts Expect BWX Technologies Inc (BWXT) Will Announce Earnings of $0.62 Per Share

Wall Street brokerages expect BWX Technologies Inc (NYSE:BWXT) to announce earnings per share of $0.62 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for BWX Technologies’ earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.61. BWX Technologies posted earnings of $0.46 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 34.8%. The firm is scheduled to issue its next earnings report on Monday, November 5th.

On average, analysts expect that BWX Technologies will report full-year earnings of $2.54 per share for the current fiscal year, with EPS estimates ranging from $2.50 to $2.55. For the next financial year, analysts anticipate that the business will post earnings of $2.88 per share, with EPS estimates ranging from $2.75 to $3.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow BWX Technologies.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, August 6th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.02). BWX Technologies had a return on equity of 66.19% and a net margin of 9.05%. The firm had revenue of $438.92 million for the quarter, compared to analysts’ expectations of $445.70 million. During the same quarter in the previous year, the firm posted $0.56 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year.

A number of brokerages have recently issued reports on BWXT. Zacks Investment Research cut BWX Technologies from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. Bank of America cut BWX Technologies from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a report on Thursday, May 24th. They noted that the move was a valuation call. ValuEngine upgraded BWX Technologies from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 19th. Credit Suisse Group decreased their price target on BWX Technologies from $72.00 to $64.00 and set a “neutral” rating for the company in a report on Tuesday, May 22nd. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $65.00 price target on shares of BWX Technologies in a report on Tuesday, May 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. BWX Technologies presently has a consensus rating of “Hold” and a consensus price target of $71.11.

In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $62.40, for a total value of $62,400.00. Following the completion of the transaction, the chief financial officer now owns 70,570 shares in the company, valued at approximately $4,403,568. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph G. Henry sold 7,774 shares of the company’s stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $66.60, for a total value of $517,748.40. Following the completion of the transaction, the insider now owns 10,639 shares of the company’s stock, valued at approximately $708,557.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,774 shares of company stock valued at $711,208. 0.52% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Ostrum Asset Management acquired a new position in shares of BWX Technologies in the 1st quarter valued at approximately $108,000. Destination Wealth Management raised its position in shares of BWX Technologies by 2,867.8% in the 2nd quarter. Destination Wealth Management now owns 1,751 shares of the technology company’s stock valued at $109,000 after purchasing an additional 1,692 shares in the last quarter. Fort L.P. acquired a new position in shares of BWX Technologies in the 2nd quarter valued at approximately $118,000. Synovus Financial Corp acquired a new position in shares of BWX Technologies in the 1st quarter valued at approximately $122,000. Finally, Old Mutual Global Investors UK Ltd. acquired a new position in shares of BWX Technologies in the 1st quarter valued at approximately $120,000. 96.61% of the stock is currently owned by institutional investors.

Shares of NYSE:BWXT traded up $0.67 during trading on Thursday, reaching $63.27. 649,600 shares of the stock were exchanged, compared to its average volume of 544,126. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.88 and a current ratio of 2.88. BWX Technologies has a 12-month low of $52.94 and a 12-month high of $72.18. The stock has a market capitalization of $6.23 billion, a P/E ratio of 30.86, a PEG ratio of 2.24 and a beta of 0.51.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 7th. Shareholders of record on Monday, August 20th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, August 17th. BWX Technologies’s dividend payout ratio is presently 31.22%.

About BWX Technologies

BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.

Further Reading: Trading Strategy

Get a free copy of the Zacks research report on BWX Technologies (BWXT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for BWX Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BWX Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply