BWX Technologies, Inc. (BWXT) Updates FY17 Earnings Guidance
BWX Technologies, Inc. (NYSE:BWXT) updated its FY17 earnings guidance on Monday. The company provided earnings per share guidance of $2.01-2.07 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.02.
A number of research analysts recently commented on the company. BidaskClub downgraded BWX Technologies from a buy rating to a hold rating in a research note on Friday, September 15th. ValuEngine raised BWX Technologies from a hold rating to a buy rating in a research note on Wednesday, September 6th. Robert W. Baird assumed coverage on BWX Technologies in a research note on Tuesday, October 24th. They issued an outperform rating and a $70.00 price target for the company. SunTrust Banks, Inc. reaffirmed a buy rating and issued a $62.00 price target on shares of BWX Technologies in a research note on Monday, October 2nd. Finally, Bank of America Corporation reaffirmed a buy rating and issued a $55.00 price target on shares of BWX Technologies in a research note on Thursday, August 10th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $59.00.
Shares of BWX Technologies, Inc. (NYSE BWXT) remained flat at $$61.03 during midday trading on Monday. The stock had a trading volume of 628,887 shares, compared to its average volume of 532,179. The stock has a market cap of $6,070.00, a price-to-earnings ratio of 31.14, a P/E/G ratio of 2.46 and a beta of 0.47. BWX Technologies, Inc. has a twelve month low of $36.16 and a twelve month high of $61.88. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.85.
BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, August 7th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.09. BWX Technologies had a net margin of 11.81% and a return on equity of 107.13%. The firm had revenue of $410.01 million for the quarter, compared to analyst estimates of $429.38 million. During the same quarter last year, the business earned $0.44 earnings per share. BWX Technologies’s revenue was up 1.9% compared to the same quarter last year. analysts predict that BWX Technologies, Inc. will post 2.07 earnings per share for the current fiscal year.
In related news, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $59.00, for a total transaction of $59,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph G. Henry sold 15,000 shares of BWX Technologies stock in a transaction on Friday, August 11th. The stock was sold at an average price of $53.81, for a total transaction of $807,150.00. Following the sale, the insider now directly owns 10,639 shares in the company, valued at approximately $572,484.59. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,010,194 shares of company stock worth $106,958,540. 0.76% of the stock is owned by company insiders.
BWX Technologies Company Profile
BWX Technologies, Inc is a manufacturer of nuclear components and a service provider. The Company’s businesses focus on the design, engineering and manufacture of precision naval nuclear components, reactors and nuclear fuel for the United States Government. Its segments include Nuclear Operations, Technical Services, Nuclear Energy and Other.
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