BWX Technologies (BWXT) Releases Earnings Results, Misses Estimates By $0.22 EPS

BWX Technologies (NYSE:BWXT) posted its quarterly earnings results on Tuesday. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.22), Briefing.com reports. BWX Technologies had a return on equity of 66.19% and a net margin of 9.05%. The business had revenue of $425.50 million during the quarter, compared to the consensus estimate of $461.26 million. During the same quarter in the previous year, the business posted $0.46 earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. BWX Technologies updated its FY18 guidance to $2.23-2.27 EPS.

NYSE:BWXT traded down $14.54 during mid-day trading on Wednesday, hitting $46.13. The stock had a trading volume of 222,185 shares, compared to its average volume of 453,961. The company has a market cap of $5.97 billion, a PE ratio of 22.57, a P/E/G ratio of 2.11 and a beta of 0.58. BWX Technologies has a 52 week low of $55.46 and a 52 week high of $72.18. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 1.72.

In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $62.40, for a total transaction of $62,400.00. Following the transaction, the chief financial officer now owns 70,570 shares of the company’s stock, valued at approximately $4,403,568. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Jason S. Kerr sold 1,365 shares of the firm’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $64.06, for a total transaction of $87,441.90. Following the transaction, the vice president now directly owns 9,132 shares in the company, valued at approximately $584,995.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,365 shares of company stock worth $269,062. 0.52% of the stock is currently owned by insiders.

BWXT has been the topic of several recent research reports. SunTrust Banks cut their price objective on shares of BWX Technologies from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Tuesday, August 21st. Zacks Investment Research downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. BWX Technologies has a consensus rating of “Hold” and an average price target of $70.00.

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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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Earnings History for BWX Technologies (NYSE:BWXT)

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