BWX Technologies, Inc. (NYSE:BWXT) is scheduled to be announcing its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.46 per share for the quarter.
BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, August 7th. The technology company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.09. BWX Technologies had a net margin of 11.81% and a return on equity of 107.13%. The company had revenue of $410.01 million during the quarter, compared to analyst estimates of $429.38 million. During the same period last year, the business earned $0.44 earnings per share. BWX Technologies’s revenue was up 1.9% compared to the same quarter last year. On average, analysts expect BWX Technologies to post $2.07 EPS for the current fiscal year and $2.33 EPS for the next fiscal year.
BWX Technologies, Inc. (BWXT) opened at 60.03 on Friday. BWX Technologies, Inc. has a 52-week low of $36.16 and a 52-week high of $61.88. The stock has a 50 day moving average of $56.98 and a 200-day moving average of $51.96. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 31.73 and a beta of 0.46.
BWXT has been the subject of several analyst reports. Bank of America Corporation increased their target price on shares of BWX Technologies from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. BidaskClub lowered shares of BWX Technologies from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research raised shares of BWX Technologies from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Thursday, August 10th. ValuEngine raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and issued a $62.00 target price on shares of BWX Technologies in a report on Monday, October 2nd. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. BWX Technologies currently has a consensus rating of “Buy” and an average price target of $59.00.
In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $59.00, for a total value of $59,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph G. Henry sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $53.81, for a total value of $807,150.00. Following the completion of the transaction, the insider now owns 10,639 shares of the company’s stock, valued at $572,484.59. The disclosure for this sale can be found here. Insiders sold a total of 2,010,194 shares of company stock valued at $106,958,540 over the last 90 days. 0.76% of the stock is currently owned by corporate insiders.
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About BWX Technologies
BWX Technologies, Inc is a manufacturer of nuclear components and a service provider. The Company’s businesses focus on the design, engineering and manufacture of precision naval nuclear components, reactors and nuclear fuel for the United States Government. Its segments include Nuclear Operations, Technical Services, Nuclear Energy and Other.
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