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.
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.
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