BWX Technologies (NYSE:BWXT) released its earnings results on Sunday. The technology company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03, MarketWatch Earnings reports. The company had revenue of $557.00 million during the quarter, compared to the consensus estimate of $496.13 million. BWX Technologies had a net margin of 13.27% and a return on equity of 61.50%. The company’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 EPS.
Shares of NYSE:BWXT traded down $0.73 during trading on Tuesday, reaching $57.00. 9,888 shares of the company’s stock traded hands, compared to its average volume of 396,232. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.85 and a quick ratio of 1.85. BWX Technologies has a 12 month low of $40.40 and a 12 month high of $69.75. The company has a 50 day moving average of $58.12 and a 200-day moving average of $57.80. The stock has a market capitalization of $5.43 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 2.13 and a beta of 0.96.
In other BWX Technologies news, Director John A. Fees sold 9,700 shares of the business’s stock in a transaction dated Tuesday, December 1st. The shares were sold at an average price of $57.26, for a total transaction of $555,422.00. Following the completion of the transaction, the director now directly owns 79,962 shares of the company’s stock, valued at approximately $4,578,624.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 10th. The shares were sold at an average price of $60.21, for a total transaction of $60,210.00. Following the transaction, the chief financial officer now directly owns 70,551 shares of the company’s stock, valued at $4,247,875.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,600 shares of company stock valued at $955,359. Insiders own 0.46% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. TheStreet raised shares of BWX Technologies from a “c+” rating to a “b-” rating in a research report on Monday, December 7th. Robert W. Baird downgraded shares of BWX Technologies from an “outperform” rating to a “neutral” rating and set a $70.00 target price for the company. in a research report on Thursday, January 7th. Zacks Investment Research downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 4th. Finally, Credit Suisse Group dropped their target price on shares of BWX Technologies from $74.00 to $71.00 and set an “outperform” rating for the company in a research report on Tuesday, November 3rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $68.17.
BWX Technologies Company Profile
BWX Technologies, Inc manufactures and sells nuclear components in the United States, Canada, and internationally. Its Nuclear Operations Group segment offers nuclear components, reactors, assemblies, and fuel for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; close-tolerance equipment for nuclear applications; research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications.
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