Brokerages expect BorgWarner Inc. (NYSE:BWA) to announce earnings of $1.02 per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for BorgWarner’s earnings, with the lowest EPS estimate coming in at $0.99 and the highest estimate coming in at $1.06. BorgWarner reported earnings of $0.91 per share in the same quarter last year, which indicates a positive year over year growth rate of 12.1%. The business is scheduled to issue its next earnings results on Thursday, April 26th.
According to Zacks, analysts expect that BorgWarner will report full-year earnings of $4.28 per share for the current financial year, with EPS estimates ranging from $3.75 to $4.37. For the next year, analysts forecast that the company will post earnings of $4.72 per share, with EPS estimates ranging from $4.40 to $4.85. Zacks’ EPS averages are an average based on a survey of analysts that cover BorgWarner.
BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, February 8th. The auto parts company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.06. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.53 billion. BorgWarner had a net margin of 4.49% and a return on equity of 21.92%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share.
A number of brokerages have issued reports on BWA. Zacks Investment Research cut shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Barclays reaffirmed a “hold” rating and issued a $58.00 target price on shares of BorgWarner in a report on Sunday, January 21st. ValuEngine raised shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada reaffirmed a “hold” rating and issued a $61.00 target price on shares of BorgWarner in a report on Wednesday, December 20th. Finally, Oppenheimer began coverage on shares of BorgWarner in a report on Thursday, December 7th. They issued an “outperform” rating and a $63.00 target price for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. BorgWarner presently has a consensus rating of “Hold” and a consensus price target of $52.59.
In other news, EVP John J. Gasparovic sold 38,409 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 63,937 shares in the company, valued at $3,363,086.20. The transaction 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 stock in a transaction that occurred on Monday, December 18th. The shares were 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 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 owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in BWA. BlackRock Inc. grew its position in shares of BorgWarner by 11.7% in the fourth quarter. BlackRock Inc. now owns 17,343,810 shares of the auto parts company’s stock valued at $886,092,000 after purchasing an additional 1,823,272 shares during the last quarter. Cornerstone Investment Partners LLC boosted its position in BorgWarner by 87.5% during the fourth quarter. Cornerstone Investment Partners LLC now owns 3,257,654 shares of the auto parts company’s stock worth $166,434,000 after acquiring an additional 1,519,785 shares during the last quarter. Prudential Financial Inc. boosted its position in BorgWarner by 154.3% during the third quarter. Prudential Financial Inc. now owns 2,076,392 shares of the auto parts company’s stock worth $106,373,000 after acquiring an additional 1,259,970 shares during the last quarter. American Century Companies Inc. boosted its position in BorgWarner by 245.4% during the fourth quarter. American Century Companies Inc. now owns 1,711,638 shares of the auto parts company’s stock worth $87,448,000 after acquiring an additional 1,216,102 shares during the last quarter. Finally, Rothschild Asset Management Inc. acquired a new stake in BorgWarner during the third quarter worth approximately $56,713,000. Institutional investors and hedge funds own 96.75% of the company’s stock.
BorgWarner (BWA) traded down $1.82 during midday trading on Friday, reaching $50.09. 1,988,888 shares of the company traded hands, compared to its average volume of 1,600,471. The stock has a market capitalization of $11,015.98, a PE ratio of 24.20, a P/E/G ratio of 1.42 and a beta of 1.82. BorgWarner has a 52-week low of $37.54 and a 52-week high of $58.22. The company has a quick ratio of 1.15, a current ratio of 1.46 and a debt-to-equity ratio of 0.55.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a $0.17 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.36%. BorgWarner’s dividend payout ratio is presently 32.85%.
BorgWarner Company Profile
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.
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