Wall Street analysts expect BWX Technologies Inc (NYSE:BWXT) to report earnings of $0.58 per share for the current quarter, Zacks reports. Four analysts have issued estimates for BWX Technologies’ earnings, with the highest EPS estimate coming in at $0.61 and the lowest estimate coming in at $0.52. BWX Technologies posted earnings of $0.55 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 5.5%. The firm is scheduled to report its next quarterly earnings report on Monday, May 7th.
According to Zacks, analysts expect that BWX Technologies will report full-year earnings of $2.44 per share for the current fiscal year, with EPS estimates ranging from $2.15 to $2.59. For the next fiscal year, analysts anticipate that the business will post earnings of $2.85 per share, with EPS estimates ranging from $2.64 to $3.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow BWX Technologies.
BWX Technologies (NYSE:BWXT) last released its earnings results on Tuesday, February 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.01. The firm had revenue of $430.14 million during the quarter, compared to analyst estimates of $451.18 million. BWX Technologies had a return on equity of 77.24% and a net margin of 8.76%.
In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $60.36, for a total value of $60,360.00. Following the sale, the chief financial officer now directly owns 60,979 shares in the company, valued at $3,680,692.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 3,000 shares of company stock worth $186,350. 0.76% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of BWX Technologies during the fourth quarter worth about $256,000. Gotham Asset Management LLC increased its position in shares of BWX Technologies by 312.7% during the fourth quarter. Gotham Asset Management LLC now owns 232,763 shares of the technology company’s stock worth $14,080,000 after purchasing an additional 176,357 shares in the last quarter. BB&T Securities LLC increased its position in shares of BWX Technologies by 63.9% during the fourth quarter. BB&T Securities LLC now owns 7,929 shares of the technology company’s stock worth $479,000 after purchasing an additional 3,092 shares in the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in shares of BWX Technologies during the fourth quarter worth about $424,000. Finally, Macquarie Group Ltd. increased its position in shares of BWX Technologies by 21.5% during the fourth quarter. Macquarie Group Ltd. now owns 61,332 shares of the technology company’s stock worth $3,710,000 after purchasing an additional 10,872 shares in the last quarter. Institutional investors and hedge funds own 94.57% of the company’s stock.
BWX Technologies (NYSE:BWXT) traded down $0.26 during trading hours on Tuesday, reaching $64.35. The company had a trading volume of 623,746 shares, compared to its average volume of 461,241. The stock has a market capitalization of $6,300.00, a price-to-earnings ratio of 43.78, a PEG ratio of 2.32 and a beta of 0.51. BWX Technologies has a 52-week low of $45.79 and a 52-week high of $65.82. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.65 and a current ratio of 1.65.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Monday, March 12th will be paid a $0.16 dividend. The ex-dividend date is Friday, March 9th. This is a boost from BWX Technologies’s previous quarterly dividend of $0.11. This represents a $0.64 dividend on an annualized basis and a yield of 0.99%. BWX Technologies’s dividend payout ratio (DPR) is currently 43.54%.
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About BWX Technologies
BWX Technologies, Inc is a manufacturer of nuclear components and a service provider. The Company’s businesses focus on the design, engineering and manufacture of precision naval nuclear components, reactors and nuclear fuel for the United States Government. Its segments include Nuclear Operations, Technical Services, Nuclear Energy and Other.
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