Wall Street analysts forecast that BorgWarner Inc. (NYSE:BWA) will announce earnings of $1.02 per share for the current quarter, Zacks Investment Research reports. Five analysts have made 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 would suggest a positive year over year growth rate of 12.1%. The business is expected to issue its next earnings results on Thursday, April 26th.
According to Zacks, analysts expect that BorgWarner will report full-year earnings of $4.27 per share for the current year, with EPS estimates ranging from $3.75 to $4.37. For the next financial year, analysts anticipate that the firm will post earnings of $4.70 per share, with EPS estimates ranging from $4.40 to $4.85. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow BorgWarner.
BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, February 8th. The auto parts company reported $1.07 earnings per share 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 return on equity of 21.92% and a net margin of 4.49%. The firm’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share.
BWA has been the subject of a number of research reports. Zacks Investment Research cut BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. ValuEngine cut BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Susquehanna Bancshares set a $63.00 price objective on BorgWarner and gave the company a “buy” rating in a research note on Wednesday. Oppenheimer initiated coverage on BorgWarner in a research note on Thursday, December 7th. They issued an “outperform” rating and a $63.00 price objective for the company. Finally, Wells Fargo & Co boosted their price objective on BorgWarner from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Friday, February 9th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $53.11.
In other news, EVP John J. Gasparovic sold 38,409 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $52.60, for a total transaction of $2,020,313.40. Following the completion of the sale, the executive vice president now 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 is available through the SEC website. Also, VP Joel Wiegert sold 1,400 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $52.35, for a total value of $73,290.00. Following the sale, the vice president now owns 16,197 shares of the company’s stock, valued at approximately $847,912.95. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new position in BorgWarner during the fourth quarter worth $119,000. Advisors Preferred LLC acquired a new position in BorgWarner during the fourth quarter worth $119,000. Calton & Associates Inc. acquired a new position in BorgWarner during the fourth quarter worth $150,000. Zeke Capital Advisors LLC acquired a new position in BorgWarner during the third quarter worth $201,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in BorgWarner during the third quarter worth $202,000. Institutional investors and hedge funds own 95.71% of the company’s stock.
Shares of BorgWarner (BWA) traded down $0.11 during midday trading on Tuesday, reaching $50.57. The company’s stock had a trading volume of 218,359 shares, compared to its average volume of 1,551,424. 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 one year low of $37.54 and a one year high of $58.22. The stock has a market capitalization of $10,690.00, a PE ratio of 15.02, a P/E/G ratio of 1.37 and a beta of 1.86.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Wednesday, February 28th. BorgWarner’s dividend payout ratio (DPR) is presently 20.12%.
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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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