Equities research analysts expect BWX Technologies Inc (NYSE:BWXT) to announce $465.11 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for BWX Technologies’ earnings, with the highest sales estimate coming in at $474.33 million and the lowest estimate coming in at $452.00 million. BWX Technologies reported sales of $457.46 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.7%. The company is scheduled to announce its next earnings report on Friday, May 3rd.
On average, analysts expect that BWX Technologies will report full-year sales of $1.90 billion for the current fiscal year, with estimates ranging from $1.89 billion to $1.91 billion. For the next financial year, analysts expect that the company will post sales of $2.04 billion, with estimates ranging from $1.99 billion to $2.12 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow BWX Technologies.
BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, February 25th. The technology company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.15. BWX Technologies had a return on equity of 76.32% and a net margin of 12.61%. The company had revenue of $478.00 million during the quarter, compared to analyst estimates of $475.02 million. During the same quarter in the previous year, the firm posted $0.47 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis.
In other news, VP Jason S. Kerr sold 6,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $48.96, for a total value of $293,760.00. Following the completion of the sale, the vice president now owns 8,213 shares in the company, valued at $402,108.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.52% of the company’s stock.
Several institutional investors have recently made changes to their positions in BWXT. Comerica Bank lifted its holdings in shares of BWX Technologies by 8.7% in the third quarter. Comerica Bank now owns 29,239 shares of the technology company’s stock valued at $1,749,000 after buying an additional 2,338 shares during the period. MML Investors Services LLC acquired a new stake in shares of BWX Technologies in the third quarter valued at $226,000. Commonwealth Bank of Australia acquired a new stake in shares of BWX Technologies in the third quarter valued at $337,000. Bank of New York Mellon Corp lifted its holdings in shares of BWX Technologies by 22.5% in the third quarter. Bank of New York Mellon Corp now owns 991,339 shares of the technology company’s stock valued at $61,997,000 after buying an additional 182,138 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of BWX Technologies by 11.3% during the third quarter. PNC Financial Services Group Inc. now owns 13,708 shares of the technology company’s stock valued at $857,000 after purchasing an additional 1,397 shares during the last quarter.
Shares of BWXT stock opened at $49.58 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 3.20. BWX Technologies has a 1 year low of $35.91 and a 1 year high of $72.18. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 2.29 and a beta of 0.99.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 11th were issued a $0.17 dividend. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.68 annualized dividend and a dividend yield of 1.37%. BWX Technologies’s dividend payout ratio is 28.45%.
BWX Technologies Company Profile
BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.
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