BorgWarner Inc. (NYSE:BWA) issued its earnings results on Thursday. The auto parts company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.07, Bloomberg Earnings reports. BorgWarner had a return on equity of 20.75% and a net margin of 2.06%. The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. BorgWarner updated its Q4 guidance to $0.99-1.01 EPS.
BorgWarner (NYSE:BWA) traded down 1.63% during midday trading on Friday, reaching $52.50. The company had a trading volume of 175,762 shares. The stock has a market capitalization of $11.08 billion, a price-to-earnings ratio of 58.53 and a beta of 1.76. BorgWarner has a one year low of $33.09 and a one year high of $53.53. The company has a 50-day moving average price of $50.39 and a 200-day moving average price of $45.03.
In other BorgWarner news, insider Brady D. Ericson sold 11,052 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $45.38, for a total transaction of $501,539.76. Following the transaction, the insider now owns 23,418 shares in the company, valued at approximately $1,062,708.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tonit M. Calaway sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $44.99, for a total value of $134,970.00. Following the transaction, the executive vice president now owns 34,120 shares in the company, valued at approximately $1,535,058.80. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.
A number of equities analysts have issued reports on BWA shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $56.00 target price on shares of BorgWarner in a report on Tuesday, August 29th. KeyCorp upped their target price on BorgWarner from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, October 13th. ValuEngine cut BorgWarner from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised BorgWarner from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $55.00 target price (up previously from $50.00) on shares of BorgWarner in a report on Friday, July 28th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. BorgWarner presently has a consensus rating of “Hold” and an average price target of $46.76.
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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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