BWX Technologies (NYSE:BWXT) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS

BWX Technologies (NYSE:BWXT) announced its quarterly earnings data on Monday. The technology company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06, Briefing.com reports. The firm had revenue of $681.50 million during the quarter, compared to analysts’ expectations of $639.31 million. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 earnings per share. BWX Technologies updated its FY24 guidance to $3.10-$3.20 EPS and its FY 2024 guidance to 3.100-3.200 EPS.

BWX Technologies Trading Up 2.2 %

Shares of BWXT opened at $94.39 on Tuesday. The firm’s 50-day moving average is $94.79 and its two-hundred day moving average is $93.55. The firm has a market capitalization of $8.63 billion, a P/E ratio of 33.39, a PEG ratio of 3.65 and a beta of 0.68. BWX Technologies has a twelve month low of $70.21 and a twelve month high of $107.18. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.29.

Analysts Set New Price Targets

A number of research analysts have commented on the company. BTIG Research began coverage on BWX Technologies in a research report on Wednesday, June 26th. They set a “buy” rating and a $110.00 price target for the company. CLSA assumed coverage on BWX Technologies in a report on Monday, June 3rd. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on BWX Technologies from $110.00 to $107.00 and set a “buy” rating for the company in a research report on Monday, June 10th. Janney Montgomery Scott initiated coverage on BWX Technologies in a research report on Thursday, June 27th. They issued a “buy” rating and a $113.00 price target for the company. Finally, StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $99.63.

BWX Technologies Company Profile

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.