BWX Technologies (NYSE:BWXT) Issues FY19 Earnings Guidance

BWX Technologies (NYSE:BWXT) updated its FY19 earnings guidance on Monday. The company provided EPS guidance of Approx $2.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.49. BWX Technologies also updated its FY 2019 guidance to $2.50-2.50 EPS.

A number of research firms have recently commented on BWXT. Maxim Group reiterated a buy rating and set a $71.00 target price (up previously from $68.00) on shares of BWX Technologies in a research report on Thursday, June 20th. TheStreet upgraded BWX Technologies from a c+ rating to a b- rating in a research report on Monday, April 29th. Finally, Zacks Investment Research upgraded BWX Technologies from a sell rating to a hold rating in a research report on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $54.33.

BWXT stock traded down $1.70 during trading on Monday, hitting $48.70. The company had a trading volume of 535,974 shares, compared to its average volume of 552,203. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 2.32 and a beta of 1.05. BWX Technologies has a 1-year low of $35.91 and a 1-year high of $67.42. The company has a 50-day simple moving average of $52.07. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.77 and a current ratio of 1.77.

In related news, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $52.34, for a total value of $52,340.00. Following the transaction, the chief financial officer now owns 80,361 shares in the company, valued at approximately $4,206,094.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David S. Black sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $47.97, for a total value of $95,940.00. Following the completion of the transaction, the chief financial officer now owns 83,361 shares in the company, valued at approximately $3,998,827.17. The disclosure for this sale can be found here. Insiders sold a total of 5,000 shares of company stock worth $249,280 in the last 90 days. 0.44% of the stock is currently owned by insiders.

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

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