BWX Technologies (BWXT) Updates FY18 Earnings Guidance

BWX Technologies (NYSE:BWXT) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $2.23-2.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.53. The company issued revenue guidance of $1.8 billion, compared to the consensus revenue estimate of $1.85 billion.

NYSE BWXT traded up $0.52 during trading hours on Tuesday, hitting $60.67. 666,053 shares of the company’s stock were exchanged, compared to its average volume of 526,994. BWX Technologies has a 12-month low of $55.46 and a 12-month high of $72.18. The company has a market capitalization of $5.97 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 1.72.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, August 6th. The technology company reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $438.92 million for the quarter, compared to analysts’ expectations of $445.70 million. During the same quarter last year, the company posted $0.56 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts predict that BWX Technologies will post 2.54 EPS for the current year.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded BWX Technologies from a hold rating to a buy rating and set a $70.00 price target for the company in a research note on Monday, July 9th. SunTrust Banks dropped their price target on BWX Technologies from $83.00 to $79.00 and set a buy rating for the company in a research note on Tuesday, August 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $70.00.

In other news, VP Jason S. Kerr sold 1,365 shares of the stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $64.06, for a total value of $87,441.90. Following the completion of the sale, the vice president now owns 9,132 shares in the company, valued at $584,995.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David S. Black sold 1,000 shares of the stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $62.40, for a total value of $62,400.00. Following the completion of the sale, the chief financial officer now owns 70,570 shares of the company’s stock, valued at approximately $4,403,568. The disclosure for this sale can be found here. Insiders have sold 4,365 shares of company stock valued at $269,062 over the last 90 days. 0.52% of the stock is currently owned by insiders.

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BWX Technologies Company Profile

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: Correction

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

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