Brokerages predict that BWX Technologies Inc (NYSE:BWXT) will announce sales of $451.18 million for the current quarter, Zacks reports. Four analysts have issued estimates for BWX Technologies’ earnings, with the highest sales estimate coming in at $467.00 million and the lowest estimate coming in at $442.70 million. BWX Technologies posted sales of $403.86 million in the same quarter last year, which would indicate a positive year over year growth rate of 11.7%. The business is expected to report its next quarterly earnings results on Monday, February 26th.
On average, analysts expect that BWX Technologies will report full year sales of $451.18 million for the current fiscal year, with estimates ranging from $1.70 billion to $1.72 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.85 billion per share, with estimates ranging from $1.81 billion to $1.91 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for BWX Technologies.
A number of research firms have recently commented on BWXT. Robert W. Baird began coverage on BWX Technologies in a report on Tuesday, October 24th. They set an “outperform” rating and a $70.00 price target for the company. Zacks Investment Research cut BWX Technologies from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Wells Fargo & Co began coverage on BWX Technologies in a report on Monday, December 11th. They set a “market perform” rating and a $65.00 price target for the company. Seaport Global Securities began coverage on BWX Technologies in a report on Wednesday, January 10th. They set a “buy” rating and a $72.00 price target for the company. Finally, BidaskClub cut BWX Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $65.88.
A number of institutional investors and hedge funds have recently modified their holdings of BWXT. Janus Henderson Group PLC acquired a new position in BWX Technologies in the 2nd quarter worth about $145,836,000. Brown Advisory Inc. increased its holdings in BWX Technologies by 4,067.9% in the 3rd quarter. Brown Advisory Inc. now owns 2,162,739 shares of the technology company’s stock worth $121,157,000 after purchasing an additional 2,110,849 shares in the last quarter. Artisan Partners Limited Partnership increased its holdings in BWX Technologies by 12.4% in the 3rd quarter. Artisan Partners Limited Partnership now owns 4,609,767 shares of the technology company’s stock worth $258,239,000 after purchasing an additional 509,351 shares in the last quarter. Jennison Associates LLC acquired a new position in BWX Technologies in the 4th quarter worth about $29,508,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in BWX Technologies by 84.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 904,130 shares of the technology company’s stock worth $44,076,000 after purchasing an additional 414,994 shares in the last quarter. 95.95% of the stock is owned by institutional investors and hedge funds.
BWX Technologies (NYSE:BWXT) traded up $1.01 during trading on Friday, hitting $61.71. The stock had a trading volume of 561,698 shares, compared to its average volume of 434,539. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.81 and a quick ratio of 1.81. BWX Technologies has a 12 month low of $41.38 and a 12 month high of $64.92. The firm has a market cap of $6,130.00, a PE ratio of 31.01, a P/E/G ratio of 2.45 and a beta of 0.50.
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About BWX Technologies
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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