Wall Street analysts expect BWX Technologies Inc (NYSE:BWXT) to report $430.74 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for BWX Technologies’ earnings. The lowest sales estimate is $416.30 million and the highest is $445.00 million. BWX Technologies posted sales of $438.92 million in the same quarter last year, which would indicate a negative year over year growth rate of 1.9%. The firm is expected to report its next earnings results on Monday, August 5th.
According to Zacks, 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 forecast that the firm will report sales of $1.99 billion, with estimates ranging from $1.97 billion to $2.01 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover BWX Technologies.
BWX Technologies (NYSE:BWXT) last posted its earnings results on Wednesday, May 1st. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.09). The company had revenue of $416.45 million for the quarter, compared to analyst estimates of $465.11 million. BWX Technologies had a return on equity of 76.60% and a net margin of 11.91%. During the same quarter in the prior year, the business posted $0.67 EPS.
In other BWX Technologies news, CFO David S. Black sold 2,000 shares of BWX Technologies stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $50.50, for a total value of $101,000.00. Following the completion of the sale, the chief financial officer now owns 81,361 shares in the company, valued at approximately $4,108,730.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.44% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of the business. Commerce Bank raised its stake in BWX Technologies by 4.4% in the 1st quarter. Commerce Bank now owns 7,981 shares of the technology company’s stock worth $395,000 after purchasing an additional 335 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in BWX Technologies by 19.4% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,429 shares of the technology company’s stock worth $120,000 after purchasing an additional 394 shares in the last quarter. OLD National Bancorp IN raised its stake in BWX Technologies by 2.2% in the 1st quarter. OLD National Bancorp IN now owns 22,110 shares of the technology company’s stock worth $1,096,000 after purchasing an additional 466 shares in the last quarter. California State Teachers Retirement System raised its stake in BWX Technologies by 0.5% in the 1st quarter. California State Teachers Retirement System now owns 157,503 shares of the technology company’s stock worth $7,809,000 after purchasing an additional 799 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in BWX Technologies by 11.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,554 shares of the technology company’s stock valued at $424,000 after buying an additional 897 shares during the period.
NYSE BWXT opened at $1,758,880,000.00 on Friday. The business’s 50-day moving average is $48.98. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 3.52. The firm has a market cap of $4.86 billion, a PE ratio of 735,933,054.39, a PEG ratio of 2.35 and a beta of 1.02. BWX Technologies has a 52-week low of $35.91 and a 52-week high of $67.42.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Friday, May 17th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.00%. The ex-dividend date was Thursday, May 16th. BWX Technologies’s dividend payout ratio is presently 28.45%.
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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