BWX Technologies (NYSE:BWXT) Updates FY24 Earnings Guidance

BWX Technologies (NYSE:BWXT) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of ~$3.20 for the period, compared to the consensus estimate of $3.19. The company issued revenue guidance of ~$2.70 billion, compared to the consensus revenue estimate of $2.64 billion. BWX Technologies also updated its FY 2024 guidance to 3.200-3.200 EPS.

BWX Technologies Trading Down 2.4 %

NYSE BWXT traded down $2.86 during trading hours on Tuesday, hitting $116.82. 701,559 shares of the company’s stock were exchanged, compared to its average volume of 615,195. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.23 and a current ratio of 2.23. The firm has a market capitalization of $10.68 billion, a P/E ratio of 40.64, a price-to-earnings-growth ratio of 4.41 and a beta of 0.69. The business’s 50 day moving average is $110.82 and its 200-day moving average is $100.22. BWX Technologies has a 12-month low of $74.62 and a 12-month high of $128.00.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.06. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The business had revenue of $672.00 million for the quarter, compared to analyst estimates of $658.84 million. During the same period in the prior year, the firm posted $0.67 EPS. The company’s revenue was up 13.9% on a year-over-year basis. As a group, analysts anticipate that BWX Technologies will post 3.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BWXT has been the subject of several research reports. Truist Financial boosted their price objective on shares of BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday. StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft upped their price target on shares of BWX Technologies from $113.00 to $129.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, BWX Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.50.

About BWX Technologies

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.