BWX Technologies Inc (BWXT) reported quarterly earnings results on Monday, May-2-2016. The company said it had a profit of $0.44 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $0.32. The company posted revenue of $364.80 million in the period, compared to analysts expectations of $341.80 million. The company’s revenue was up 8.7% compared to the same quarter last year.
Many Wall Street Analysts have commented on BWX Technologies Inc. BWX Technologies Inc was Initiated by Drexel Hamilton to “Hold” on Apr 1, 2016. Sidoti Initiated BWX Technologies Inc on Mar 18, 2016 to “Buy”, Price Target of the shares are set at $45.
BWX Technologies Inc opened for trading at $33.07 and hit $33.83 on the upside on Wednesday, eventually ending the session at $33.78, with a gain of 2.24% or 0.74 points. The heightened volatility saw the trading volume jump to 7,11,561 shares. Company has a market cap of $3,540 M.
BWX Technologies Inc. formerly The Babcock & Wilcox Company is a technology innovator in power generation systems a constructor of nuclear components and a service provider in its segments. The Company operates in five business segments: Power Generation Nuclear Operations Technical Services Nuclear Energy and mPower. The Power Generation segment supplies boilers fired with fossil fuels oil and natural gas or renewable fuels. The Nuclear Operations segment engineers design and manufacture precision naval nuclear components and reactors. The Technical Services segment provides uranium processing environmental site restoration services and management services. The mPower segment is developing the B&W mPower reactor and the associated mPower Plant.