BorgWarner (BWA) Updates FY18 Earnings Guidance

BorgWarner (NYSE:BWA) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share guidance of $4.15-4.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.17. The company issued revenue guidance of $10.4-10.6 billion, compared to the consensus revenue estimate of $10.29 billion.BorgWarner also updated its Q1 guidance to $0.97-1.01 EPS.

A number of equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of BorgWarner from a buy rating to a hold rating in a report on Thursday. KeyCorp upped their price target on shares of BorgWarner from $50.00 to $56.00 and gave the company a buy rating in a report on Friday, October 13th. UBS Group upped their price target on shares of BorgWarner from $57.00 to $60.00 and gave the company a buy rating in a report on Thursday, October 19th. BMO Capital Markets upped their price target on shares of BorgWarner from $60.00 to $65.00 and gave the company an outperform rating in a report on Monday, October 30th. Finally, Buckingham Research upped their price target on shares of BorgWarner from $37.00 to $45.00 and gave the company a neutral rating in a report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $51.88.

BorgWarner (BWA) opened at $57.11 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 1.10. BorgWarner has a 1-year low of $37.54 and a 1-year high of $58.22. The company has a market cap of $12,209.66, a price-to-earnings ratio of 41.38, a price-to-earnings-growth ratio of 1.60 and a beta of 1.77.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.07. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the business earned $0.78 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. sell-side analysts predict that BorgWarner will post 3.83 earnings per share for the current fiscal year.

In other BorgWarner news, EVP John J. Gasparovic sold 38,409 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $52.60, for a total value of $2,020,313.40. Following the completion of the transaction, the executive vice president now directly owns 63,937 shares in the company, valued at approximately $3,363,086.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Joel Wiegert sold 1,400 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $52.35, for a total transaction of $73,290.00. Following the completion of the sale, the vice president now directly owns 16,197 shares in the company, valued at $847,912.95. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

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About BorgWarner

BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.

Earnings History and Estimates for BorgWarner (NYSE:BWA)

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