Wall Street analysts forecast that BWX Technologies Inc (NYSE:BWXT) will announce $482.87 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for BWX Technologies’ earnings, with the lowest sales estimate coming in at $479.60 million and the highest estimate coming in at $486.00 million. BWX Technologies posted sales of $430.14 million in the same quarter last year, which suggests a positive year over year growth rate of 12.3%. The company is scheduled to report its next quarterly earnings results on Tuesday, February 26th.
On average, analysts expect that BWX Technologies will report full-year sales of $1.80 billion for the current financial year, with estimates ranging from $1.80 billion to $1.81 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.92 billion, with estimates ranging from $1.90 billion to $1.93 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 quarterly earnings data on Tuesday, November 6th. The technology company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.22). BWX Technologies had a net margin of 10.81% and a return on equity of 66.38%. The firm had revenue of $425.50 million during the quarter, compared to analysts’ expectations of $461.26 million. During the same period in the prior year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis.
A number of equities research analysts have commented on the stock. ValuEngine raised shares of BWX Technologies from a “sell” rating to a “hold” rating in a research report on Monday, November 19th. Zacks Investment Research downgraded shares of BWX Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 15th. Drexel Hamilton reaffirmed a “buy” rating and issued a $55.00 target price on shares of BWX Technologies in a research report on Thursday, November 15th. TheStreet downgraded shares of BWX Technologies from a “b” rating to a “c+” rating in a research report on Tuesday, November 13th. Finally, Maxim Group started coverage on shares of BWX Technologies in a research report on Tuesday, November 13th. They issued a “buy” rating and a $60.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $59.56.
In related news, CEO Rex D. Geveden bought 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The shares were purchased at an average cost of $41.49 per share, with a total value of $103,725.00. Following the transaction, the chief executive officer now directly owns 28,595 shares of the company’s stock, valued at approximately $1,186,406.55. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO David S. Black sold 1,000 shares of the stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $61.57, for a total transaction of $61,570.00. Following the sale, the chief financial officer now owns 69,570 shares of the company’s stock, valued at approximately $4,283,424.90. The disclosure for this sale can be found here. Insiders sold a total of 3,000 shares of company stock worth $165,510 over the last ninety days. Insiders own 0.76% of the company’s stock.
Large investors have recently modified their holdings of the stock. CENTRAL TRUST Co acquired a new stake in BWX Technologies during the 3rd quarter worth $100,000. Fort L.P. acquired a new stake in BWX Technologies during the 2nd quarter worth $118,000. Tower Research Capital LLC TRC acquired a new stake in BWX Technologies during the 3rd quarter worth $121,000. First Manhattan Co. acquired a new stake in shares of BWX Technologies in the 3rd quarter worth $125,000. Finally, Point72 Hong Kong Ltd lifted its stake in shares of BWX Technologies by 2,445.8% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,113 shares of the technology company’s stock worth $132,000 after acquiring an additional 2,030 shares during the period. Hedge funds and other institutional investors own 96.69% of the company’s stock.
Shares of NYSE:BWXT traded down $0.94 during trading hours on Wednesday, reaching $41.86. The stock had a trading volume of 1,518,608 shares, compared to its average volume of 1,138,587. BWX Technologies has a 1 year low of $40.90 and a 1 year high of $72.18. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.93. The company has a market cap of $4.23 billion, a PE ratio of 20.42, a P/E/G ratio of 1.63 and a beta of 0.53.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Tuesday, November 20th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Monday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is 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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