$451.19 Million in Sales Expected for BWX Technologies, Inc. (BWXT) This Quarter

Wall Street analysts forecast that BWX Technologies, Inc. (NYSE:BWXT) will announce $451.19 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for BWX Technologies’ earnings, with the lowest sales estimate coming in at $442.70 million and the highest estimate coming in at $467.00 million. BWX Technologies posted sales of $403.86 million in the same quarter last year, which suggests a positive year over year growth rate of 11.7%. The company is scheduled to report its next quarterly earnings results on Monday, February 26th.

On average, analysts expect that BWX Technologies will report full-year sales of $451.19 million for the current financial year, with estimates ranging from $1.70 billion to $1.72 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.85 billion per share, with estimates ranging from $1.81 billion to $1.91 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow BWX Technologies.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, November 6th. The technology company reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. BWX Technologies had a return on equity of 88.05% and a net margin of 11.89%. The company had revenue of $419.36 million for the quarter, compared to analyst estimates of $420.39 million. During the same quarter in the prior year, the company earned $0.39 EPS. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year.

BWXT has been the topic of several recent research reports. BidaskClub upgraded BWX Technologies from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 26th. Zacks Investment Research lowered BWX Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Wells Fargo & Co initiated coverage on BWX Technologies in a report on Monday, December 11th. They issued a “market perform” rating and a $65.00 price target on the stock. Robert W. Baird initiated coverage on BWX Technologies in a report on Tuesday, October 24th. They issued an “outperform” rating and a $70.00 price target on the stock. Finally, Bank of America increased their price target on BWX Technologies from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $64.50.

Shares of BWX Technologies (NYSE:BWXT) traded down $1.24 during trading hours on Wednesday, reaching $61.65. The company’s stock had a trading volume of 862,900 shares, compared to its average volume of 543,810. The company has a market capitalization of $6,251.50, a price-to-earnings ratio of 31.45, a P/E/G ratio of 2.40 and a beta of 0.47. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.59. BWX Technologies has a 1-year low of $40.22 and a 1-year high of $63.26.

In other news, Chairman John A. Fees sold 21,453 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $60.21, for a total value of $1,291,685.13. Following the completion of the sale, the chairman now directly owns 87,919 shares of the company’s stock, valued at $5,293,602.99. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David S. Black sold 1,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $59.93, for a total value of $59,930.00. Following the completion of the sale, the chief financial officer now directly owns 63,979 shares of the company’s stock, valued at $3,834,261.47. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,453 shares of company stock valued at $1,475,045. Company insiders own 0.76% of the company’s stock.

Several institutional investors have recently modified their holdings of BWXT. Quantbot Technologies LP raised its stake in shares of BWX Technologies by 11.2% in the second quarter. Quantbot Technologies LP now owns 2,453 shares of the technology company’s stock worth $119,000 after purchasing an additional 248 shares during the last quarter. Federated Investors Inc. PA purchased a new stake in shares of BWX Technologies in the second quarter worth approximately $151,000. Globeflex Capital L P purchased a new stake in shares of BWX Technologies in the second quarter worth approximately $193,000. Oppenheimer Asset Management Inc. increased its position in shares of BWX Technologies by 64.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 4,268 shares of the technology company’s stock valued at $208,000 after acquiring an additional 1,673 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of BWX Technologies during the third quarter valued at approximately $208,000. 95.49% of the stock is owned by hedge funds and other institutional investors.

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

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