BWX Technologies (NYSE:BWXT) Updates FY 2024 Earnings Guidance

BWX Technologies (NYSE:BWXT) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 3.200-3.200 for the period, compared to the consensus earnings per share estimate of 3.190. The company issued revenue guidance of $2.7 billion-$2.7 billion, compared to the consensus revenue estimate of $2.7 billion. BWX Technologies also updated its FY24 guidance to ~$3.20 EPS.

BWX Technologies Stock Performance

NYSE BWXT traded down $2.90 during trading hours on Monday, hitting $119.68. The company’s stock had a trading volume of 2,363,305 shares, compared to its average volume of 615,084. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.23 and a quick ratio of 2.23. The company has a market cap of $10.94 billion, a P/E ratio of 41.60, a price-to-earnings-growth ratio of 4.38 and a beta of 0.69. The company’s 50 day simple moving average is $110.45 and its two-hundred day simple moving average is $100.04. BWX Technologies has a 12 month low of $74.62 and a 12 month high of $128.00.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, August 5th. The technology company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.06. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The firm had revenue of $681.50 million during the quarter, compared to analysts’ expectations of $639.31 million. During the same period in the previous year, the company earned $0.65 earnings per share. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. As a group, sell-side analysts expect that BWX Technologies will post 3.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their price objective for the stock from $75.00 to $90.00 in a report on Wednesday, July 24th. StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of BWX Technologies from $113.00 to $129.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $108.67.

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.