Wall Street brokerages forecast that BWX Technologies Inc (NYSE:BWXT) will announce $483.73 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for BWX Technologies’ earnings, with the highest sales estimate coming in at $488.50 million and the lowest estimate coming in at $480.00 million. BWX Technologies reported sales of $425.51 million during the same quarter last year, which would suggest a positive year over year growth rate of 13.7%. The business is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, November 5th.
On average, analysts expect that BWX Technologies will report full year sales of $1.89 billion for the current year, with estimates ranging from $1.88 billion to $1.90 billion. For the next year, analysts expect that the firm will post sales of $2.00 billion, with estimates ranging from $1.97 billion to $2.02 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow BWX Technologies.
BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, August 5th. The technology company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. BWX Technologies had a return on equity of 83.20% and a net margin of 11.60%. The business had revenue of $471.00 million for the quarter, compared to the consensus estimate of $440.45 million. During the same period last year, the business earned $0.58 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year.
BWXT has been the topic of a number of recent research reports. Zacks Investment Research raised BWX Technologies from a “sell” rating to a “hold” rating in a research report on Monday, July 1st. Seaport Global Securities set a $62.00 target price on BWX Technologies and gave the stock a “buy” rating in a research report on Wednesday, August 7th. SunTrust Banks set a $55.00 target price on BWX Technologies and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Barclays set a $55.00 target price on BWX Technologies and gave the stock a “sell” rating in a research report on Tuesday, October 8th. Finally, ValuEngine downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $56.25.
In other BWX Technologies news, Director John A. Fees sold 60,000 shares of BWX Technologies stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $57.15, for a total transaction of $3,429,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $59.11, for a total value of $59,110.00. Following the sale, the chief financial officer now directly owns 76,161 shares in the company, valued at $4,501,876.71. The disclosure for this sale can be found here. Insiders have sold 63,000 shares of company stock worth $3,599,510 over the last ninety days. Company insiders own 0.44% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWXT. Advisors Preferred LLC bought a new position in shares of BWX Technologies in the second quarter valued at approximately $30,000. NumerixS Investment Technologies Inc bought a new position in shares of BWX Technologies in the second quarter valued at approximately $31,000. Huntington National Bank raised its stake in shares of BWX Technologies by 50.3% in the second quarter. Huntington National Bank now owns 1,127 shares of the technology company’s stock valued at $59,000 after acquiring an additional 377 shares during the last quarter. Doyle Wealth Management bought a new position in shares of BWX Technologies in the second quarter valued at approximately $63,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in shares of BWX Technologies in the second quarter valued at approximately $95,000.
BWXT stock opened at $56.33 on Monday. BWX Technologies has a twelve month low of $35.91 and a twelve month high of $61.14. The company has a market cap of $5.39 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 2.58 and a beta of 1.04. The business’s 50-day simple moving average is $57.96 and its 200 day simple moving average is $53.12. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 2.91.
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.
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