BWXT Guides FY Adj EPS to $4.70-$4.80, Above Consensus
BWXT sits 21% above its 52-week low of $143.07.
Summary
BWX Technologies has issued updated full-year guidance, now raising its revenue view to approximately $3.8 billion. This accompanies its previously announced adjusted EPS guidance of $4.70-$4.80, a range that likely exceeds the $4.65 consensus. The midpoint of $4.75 for EPS implies roughly 15% growth over last year's adjusted EPS, reflecting strong momentum from $1.4 billion in Navy nuclear propulsion contracts awarded in May and the July completion of the Precision Components Group acquisition. This guidance represents the first official full-year profit target incorporating those significant wins and signals management's confidence in sustained demand from naval nuclear programs and commercial nuclear services for the $15.9 billion market cap company.
At the time of this announcement, BWXT was trading at $173.48 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $15.9B. The 52-week trading range was $143.07 to $241.82. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.