BWX Technologies (NYSE:BWXT) Issues FY 2022 Earnings Guidance

BWX Technologies (NYSE:BWXT – Get Rating) updated its FY 2022 earnings guidance on Monday. The company provided EPS guidance of $3.10-$3.15 for the period, compared to the consensus EPS estimate of $3.17. The company issued revenue guidance of $2.26 billion-$2.27 billion, compared to the consensus revenue estimate of $2.26 billion.

BWX Technologies Stock Up 1.6%

Shares of BWXT stock traded up $0.88 during trading hours on Monday, hitting $57.47. 425,622 shares of the company were exchanged, compared to its average volume of 620,444. The company has a debt-to-equity ratio of 1.96, a quick ratio of 2.08 and a current ratio of 2.08. BWX Technologies has a one year low of $42.58 and a one year high of $58.42. The business’s 50-day simple moving average is $53.40 and its two-hundred day simple moving average is $53.07. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 2.70 and a beta of 0.79.

BWX Technologies (NYSE:BWXT – Get Rating) last issued its quarterly earnings results on Monday, August 8th. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.73 by $0.09. The business had revenue of $554.00 million for the quarter, compared to analysts’ expectations of $544.13 million. BWX Technologies had a net margin of 14.27% and a return on equity of 46.29%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 earnings per share. Sell-side analysts predict that BWX Technologies will post 3.21 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 8th. Investors of record on Friday, August 19th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $0.88 annualized dividend and a yield of 1.53%. BWX Technologies’ dividend payout ratio (DPR) is 26.27%.

Analyst Rating Changes

Several research analysts have recently issued reports on BWXT shares. StockNews.com started coverage on shares of BWX Technologies in a report on Wednesday, October 12th. They issued a buy rating for the company. Credit Suisse Group started coverage on shares of BWX Technologies in a report on Tuesday, October 11th. They issued an outperform rating and a $65.00 price objective for the company. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $62.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BWXT. Wellington Management Group LLP raised its holdings in BWX Technologies by 4.0% in the 1st quarter. Wellington Management Group LLP now owns 5,683,810 shares in the technology company’s stock worth $306,130,000 after acquiring an additional 217,425 shares during the period. State Street Corp raised its stake in shares of BWX Technologies by 11.9% during the first quarter. State Street Corp now owns 2,645,251 shares of the technology company’s stock worth $142,473,000 after buying an additional 281,441 shares during the last quarter. Capital Research Global Investors grew its holdings in BWX Technologies by 8.7% during the first quarter. Capital Research Global Investors now owns 2,632,834 shares of the technology company’s stock valued at $141,804,000 after purchasing an additional 211,329 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in BWX Technologies by 6.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 970,019 shares of the technology company’s stock valued at $52,246,000 after purchasing an additional 55,596 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in BWX Technologies by 4.4% during the first quarter. Dimensional Fund Advisors LP now owns 896,750 shares of the technology company’s stock valued at $48,304,000 after purchasing an additional 37,558 shares during the period. Institutional investors own 99.97% of the company’s stock.

About BWX Technologies

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BWX Technologies, Inc manufactures and sells nuclear components in the United States, Canada, and internationally. It operates in three segments: Nuclear Operations Group, Nuclear Power Group, and Nuclear Services Group. The Nuclear Operations Group segment provides precision naval and critical nuclear components, reactors, nuclear fuel, and assemblies for the United States Department of Energy/National Nuclear Security Administration’s Naval Nuclear Propulsion Program and other uses; missile launch tubes for United States Navy submarines; close tolerance and equipment for nuclear applications; and converts Cold War-era government stockpiles of high-enriched uranium, as well as receives, stores, characterizes, dissolves, recovers, and purifies uranium-bearing materials; supplies research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications.

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Earnings History and Estimates for BWX Technologies (NYSE:BWXT)

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