$528.27 Million in Sales Expected for BWX Technologies, Inc. (NYSE:BWXT) This Quarter


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Equities research analysts expect BWX Technologies, Inc. (NYSE:BWXT) to report $528.27 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for BWX Technologies’ earnings. The lowest sales estimate is $506.00 million and the highest is $550.53 million. BWX Technologies posted sales of $542.21 million during the same quarter last year, which would indicate a negative year over year growth rate of 2.6%. The business is expected to announce its next earnings results on Monday, May 3rd.

According to Zacks, analysts expect that BWX Technologies will report full year sales of $2.19 billion for the current year, with estimates ranging from $2.18 billion to $2.20 billion. For the next fiscal year, analysts expect that the firm will post sales of $2.39 billion, with estimates ranging from $2.37 billion to $2.41 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for BWX Technologies.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Sunday, February 21st. The technology company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.03. BWX Technologies had a return on equity of 61.50% and a net margin of 13.27%. The company had revenue of $557.00 million during the quarter, compared to the consensus estimate of $496.13 million. During the same period last year, the business posted $0.71 earnings per share. BWX Technologies’s revenue was up 11.2% on a year-over-year basis.

Separately, Robert W. Baird lowered BWX Technologies from an “outperform” rating to a “neutral” rating and set a $70.00 price target for the company. in a report on Thursday, January 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. BWX Technologies has an average rating of “Buy” and a consensus target price of $69.80.

BWX Technologies stock opened at $67.21 on Thursday. BWX Technologies has a one year low of $49.50 and a one year high of $68.67. The business has a fifty day moving average price of $62.31 and a 200-day moving average price of $58.94. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market capitalization of $6.39 billion, a P/E ratio of 23.50, a PEG ratio of 2.13 and a beta of 0.96.

The company also recently declared a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Wednesday, March 10th were given a dividend of $0.21 per share. This is an increase from BWX Technologies’s previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 1.25%. BWX Technologies’s dividend payout ratio (DPR) is presently 32.06%.

In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 11th. The stock was sold at an average price of $61.09, for a total transaction of $61,090.00. Following the sale, the chief financial officer now owns 73,967 shares in the company, valued at $4,518,644.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 2,300 shares of company stock worth $134,563 in the last 90 days. Company insiders own 0.46% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BWXT. Boston Partners increased its holdings in shares of BWX Technologies by 64.1% in the fourth quarter. Boston Partners now owns 3,444,364 shares of the technology company’s stock worth $207,625,000 after buying an additional 1,345,386 shares during the period. Cooke & Bieler LP increased its holdings in shares of BWX Technologies by 16.5% in the fourth quarter. Cooke & Bieler LP now owns 2,120,594 shares of the technology company’s stock worth $127,829,000 after buying an additional 300,839 shares during the period. Cardinal Capital Management LLC CT increased its holdings in shares of BWX Technologies by 12.2% in the fourth quarter. Cardinal Capital Management LLC CT now owns 1,584,532 shares of the technology company’s stock worth $95,516,000 after buying an additional 172,555 shares during the period. Daiwa Securities Group Inc. purchased a new position in shares of BWX Technologies in the fourth quarter worth about $8,338,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of BWX Technologies by 18.7% in the fourth quarter. Bank of New York Mellon Corp now owns 612,811 shares of the technology company’s stock worth $36,940,000 after buying an additional 96,332 shares during the period. Hedge funds and other institutional investors own 96.05% of the company’s stock.

About BWX Technologies

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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