$0.48 Earnings Per Share Expected for BWX Technologies Inc (BWXT) This Quarter

Equities analysts expect BWX Technologies Inc (NYSE:BWXT) to announce earnings of $0.48 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for BWX Technologies’ earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.52. BWX Technologies posted earnings of $0.46 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.3%. The business is expected to issue its next quarterly earnings results after the market closes on Tuesday, February 27th.

According to Zacks, analysts expect that BWX Technologies will report full-year earnings of $2.06 per share for the current year, with EPS estimates ranging from $2.03 to $2.10. For the next fiscal year, analysts forecast that the firm will post earnings of $2.33 per share, with EPS estimates ranging from $2.15 to $2.58. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for BWX Technologies.

BWXT has been the topic of several research reports. Zacks Investment Research downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. SunTrust Banks reissued a “buy” rating and issued a $70.00 price target on shares of BWX Technologies in a research note on Friday, January 19th. Seaport Global Securities initiated coverage on shares of BWX Technologies in a research note on Wednesday, January 10th. They issued a “buy” rating and a $72.00 price target on the stock. Wells Fargo & Co initiated coverage on shares of BWX Technologies in a research note on Monday, December 11th. They issued a “market perform” rating and a $65.00 price target on the stock. Finally, ValuEngine downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $65.88.

In other BWX Technologies news, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $60.36, for a total transaction of $60,360.00. Following the transaction, the chief financial officer now directly owns 60,979 shares of the company’s stock, valued at $3,680,692.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 3,000 shares of company stock worth $183,790 over the last ninety days. 0.76% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its position in shares of BWX Technologies by 2.1% during the fourth quarter. BlackRock Inc. now owns 5,685,315 shares of the technology company’s stock valued at $343,905,000 after acquiring an additional 119,240 shares during the last quarter. Artisan Partners Limited Partnership increased its position in shares of BWX Technologies by 12.4% during the third quarter. Artisan Partners Limited Partnership now owns 4,609,767 shares of the technology company’s stock valued at $258,239,000 after acquiring an additional 509,351 shares during the last quarter. Brown Advisory Inc. increased its position in shares of BWX Technologies by 65.2% during the fourth quarter. Brown Advisory Inc. now owns 3,573,654 shares of the technology company’s stock valued at $216,170,000 after acquiring an additional 1,410,915 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of BWX Technologies by 3.3% during the third quarter. Wells Fargo & Company MN now owns 3,171,362 shares of the technology company’s stock valued at $177,659,000 after acquiring an additional 99,888 shares during the last quarter. Finally, State Street Corp increased its position in shares of BWX Technologies by 2.1% during the second quarter. State Street Corp now owns 1,780,889 shares of the technology company’s stock valued at $86,819,000 after acquiring an additional 37,159 shares during the last quarter. 93.79% of the stock is currently owned by institutional investors.

BWX Technologies (BWXT) traded up $0.39 on Friday, reaching $64.03. 83,412 shares of the company’s stock traded hands, compared to its average volume of 432,150. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $6,350.00, a P/E ratio of 32.10, a price-to-earnings-growth ratio of 2.46 and a beta of 0.50. BWX Technologies has a fifty-two week low of $41.98 and a fifty-two week high of $65.06.

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

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