Equities research analysts expect BWX Technologies Inc (NYSE:BWXT) to post sales of $478.53 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for BWX Technologies’ earnings, with the lowest sales estimate coming in at $470.00 million and the highest estimate coming in at $486.00 million. BWX Technologies posted sales of $430.14 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.2%. The business is expected to report its next quarterly earnings report after the market closes on Tuesday, February 26th.
According to Zacks, analysts expect that BWX Technologies will report full year sales of $1.80 billion for the current year, with estimates ranging from $1.79 billion to $1.81 billion. For the next fiscal year, analysts expect that the company will report sales of $1.90 billion, with estimates ranging from $1.89 billion to $1.93 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for BWX Technologies.
Several equities analysts have commented on BWXT shares. Zacks Investment Research downgraded BWX Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th. Credit Suisse Group dropped their price target on BWX Technologies from $60.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, November 8th. ValuEngine raised BWX Technologies from a “sell” rating to a “hold” rating in a research report on Monday, November 19th. SunTrust Banks downgraded BWX Technologies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $79.00 to $48.00 in a research report on Wednesday, November 7th. Finally, Maxim Group assumed coverage on BWX Technologies in a research report on Tuesday, November 13th. They set a “buy” rating and a $60.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $58.00.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Quantamental Technologies LLC purchased a new stake in shares of BWX Technologies during the 4th quarter worth $38,000. Doyle Wealth Management purchased a new stake in BWX Technologies in the fourth quarter valued at about $46,000. Tower Research Capital LLC TRC purchased a new stake in BWX Technologies in the third quarter valued at about $121,000. First Manhattan Co. purchased a new stake in BWX Technologies in the third quarter valued at about $125,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in BWX Technologies by 36.3% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,035 shares of the technology company’s stock valued at $78,000 after buying an additional 542 shares during the last quarter. Hedge funds and other institutional investors own 95.69% of the company’s stock.
BWX Technologies stock traded up $1.36 during mid-day trading on Tuesday, hitting $51.45. The company’s stock had a trading volume of 547,723 shares, compared to its average volume of 658,816. The company has a market capitalization of $5.08 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 1.85 and a beta of 0.91. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.93. BWX Technologies has a one year low of $35.91 and a one year high of $72.18.
About BWX Technologies
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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