Equities analysts predict that BorgWarner Inc. (NYSE:BWA) will post $2.63 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for BorgWarner’s earnings. The lowest sales estimate is $2.59 billion and the highest is $2.66 billion. BorgWarner reported sales of $2.41 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 9.1%. The business is scheduled to issue its next earnings results on Thursday, April 26th.
On average, analysts expect that BorgWarner will report full year sales of $2.63 billion for the current financial year, with estimates ranging from $10.44 billion to $10.75 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $11.30 billion per share, with estimates ranging from $11.09 billion to $11.51 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover BorgWarner.
BorgWarner (NYSE:BWA) last released its earnings results on Thursday, February 8th. The auto parts company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.06. BorgWarner had a return on equity of 21.92% and a net margin of 4.49%. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The company’s quarterly revenue was up 14.5% on a year-over-year basis.
A number of research firms have recently commented on BWA. Susquehanna Bancshares set a $63.00 price target on BorgWarner and gave the stock a “buy” rating in a research report on Wednesday. BMO Capital Markets reaffirmed a “buy” rating and set a $64.00 price target on shares of BorgWarner in a research report on Tuesday, March 6th. ValuEngine raised BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Barclays reaffirmed a “hold” rating and set a $58.00 price target on shares of BorgWarner in a research report on Sunday, January 21st. Finally, Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $53.11.
BWA stock traded up $0.76 during midday trading on Thursday, hitting $51.44. The stock had a trading volume of 1,942,891 shares, compared to its average volume of 1,455,881. The firm has a market capitalization of $10,830.69, a price-to-earnings ratio of 24.85, a P/E/G ratio of 1.40 and a beta of 1.86. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.46. BorgWarner has a 52 week low of $37.54 and a 52 week high of $58.22.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Wednesday, February 28th. BorgWarner’s dividend payout ratio is presently 32.85%.
In related news, EVP John J. Gasparovic sold 38,409 shares of BorgWarner stock in a transaction that occurred on Monday, December 18th. The stock was 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 owns 63,937 shares of the company’s stock, valued at approximately $3,363,086.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Joel Wiegert sold 1,400 shares of BorgWarner stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $52.35, for a total value of $73,290.00. Following the completion of the sale, the vice president now directly owns 16,197 shares in the company, valued at approximately $847,912.95. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. Cerebellum GP LLC bought a new position in BorgWarner in the fourth quarter valued at approximately $119,000. Advisors Preferred LLC bought a new position in BorgWarner in the fourth quarter valued at approximately $119,000. Calton & Associates Inc. bought a new position in BorgWarner in the fourth quarter valued at approximately $150,000. Zeke Capital Advisors LLC bought a new position in BorgWarner in the third quarter valued at approximately $201,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in BorgWarner in the third quarter valued at approximately $202,000. 95.71% of the stock is currently owned by institutional investors and hedge funds.
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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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