BWX Technologies (NYSE: BWXT) updated its earnings forecast for fiscal year 2021 on Monday. The company reported earnings per share (EPS) of $ 3,050-3,200 for the period, compared to Thomson Reuters’ consensus estimate of $ 3,120. The company gave a sales forecast of -.
A number of research analysts have recently commented on the stock. Zacks Investment Research downgraded BWX Technologies from a hold rating to a sell rating in a report on Wednesday, August 4th. Credit Suisse Group lowered its price target on BWX Technologies shares from USD 67.00 to USD 65.00 and issued a research release on Tuesday, August 3, setting a neutral rating for the company. One analyst rated the stock with a sell rating, two with a hold rating, and two with a buy rating. The stock has a consensus rating of Hold and a consensus price target of $ 70.20.
NYSE: BWXT shares opened at $ 53.94 on Monday. The stock has a market capitalization of $ 5.13 billion, a price to earnings ratio of 19.26, a PEG ratio of 2.95, and a beta of 1.00. The stock’s 50-day moving average is $ 59.17. BWX Technologies has an annual low of $ 52.31 and an annual high of $ 68.68. The company has a current metric of 1.15, a fast metric of 1.15, and a leverage ratio of 1.11.
BWX Technologies (NYSE: BWXT) last released its quarterly earnings data on Sunday August 1st. The tech company reported earnings per share (EPS) for the quarter of $ 0.62, missing the Thomson Reuters consensus estimate of $ 0.72 ($ 0.10). The company had revenue of $ 505.00 million for the quarter, compared to analyst expectations of $ 526.65 million. BWX Technologies had a net margin of 12.70% and a return on equity of 43.51%. The company’s quarterly sales increased 0.0% compared to the same quarter of the previous year. For the same period last year, the company had earnings per share of $ 0.71. On average, sell-side analysts expect BWX Technologies to post 3.07 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 8th. Shareholders of record on Thursday, August 19th, will receive a dividend of $ 0.21. This equates to an annualized dividend of $ 0.84 and a yield of 1.56%. The ex-dividend date is Wednesday, August 18th. The payout ratio of BWX Technologies is currently 27.72%.
In other news from BWX Technologies, CFO David S. Black sold 1,000 shares in the company in a transaction dated Thursday, May 13th. The shares were sold at an average price of $ 63.19 for a total value of $ 63,190.00. Upon completion of the transaction, the CFO now owns 71,967 shares in the company valued at $ 4,547,594.73. The sale was announced in a legal filing with the SEC, which is available at this hyperlink. In addition, CEO Rex D. Geveden sold 5,000 shares in the company in a transaction on Friday June 11th. The stock was sold at an average price of $ 64.11 for a total transaction of $ 320,550.00. Following the sale, the chief executive officer now directly owns 111,727 shares in the company valued at approximately $ 7,162,817.97. The disclosure for this sale can be found here. Insiders sold 9,600 shares in the company for $ 605,629 in the last quarter. Insiders own 0.40% of the company’s stock.
BWX Technologies company profile
BWX Technologies, Inc. manufactures and sells nuclear components in the US, Canada and internationally. The Nuclear Operations Group segment provides nuclear components, reactors, assemblies, and fuels for the US Department of Energy / National Nuclear Security Administration’s Naval Nuclear Propulsion Program and other uses; Close tolerance devices for nuclear applications; Research reactor fuel assemblies for colleges, universities and national laboratories; and components for defense applications.
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