BWX Technologies (NYSE:BWXT) Releases Earnings Results, Beats Estimates By $0.03 EPS

BWX Technologies (NYSE:BWXT) released its earnings results on Sunday. The technology company reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.03, MarketWatch Earnings reports. The firm 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 EPS.

Shares of BWXT stock traded down $1.66 on Tuesday, hitting $56.07. 8,124 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 quick ratio of 1.85 and a current ratio of 1.85. BWX Technologies has a one year low of $40.40 and a one year high of $69.75. The company’s fifty day simple moving average is $58.12 and its 200 day simple moving average is $57.80. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 2.13 and a beta of 0.96.

A number of analysts recently commented on the stock. Robert W. Baird cut shares of BWX Technologies from an “outperform” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research note on Thursday, January 7th. TheStreet upgraded shares of BWX Technologies from a “c+” rating to a “b-” rating in a research note on Monday, December 7th. Zacks Investment Research cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 4th. Finally, Credit Suisse Group lowered their target price on shares of BWX Technologies from $74.00 to $71.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 3rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $68.17.

In other BWX Technologies news, CEO Rex D. Geveden sold 3,000 shares of the firm’s stock in a transaction on Tuesday, December 1st. The shares were sold at an average price of $57.30, for a total value of $171,900.00. Following the sale, the chief executive officer now owns 92,837 shares of the company’s stock, valued at approximately $5,319,560.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 10th. The stock was sold at an average price of $60.21, for a total transaction of $60,210.00. Following the completion of the sale, the chief financial officer now directly owns 70,551 shares in the company, valued at approximately $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 worth $955,359. 0.46% of the stock is owned by insiders.

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.

Read More: Limitations of the P/E Growth ratio