Equities research analysts forecast that BorgWarner (NYSE:BWA) will report sales of $2.64 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for BorgWarner’s earnings, with the lowest sales estimate coming in at $2.59 billion and the highest estimate coming in at $2.70 billion. BorgWarner posted sales of $2.41 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.5%. The business is expected to report its next earnings report before the market opens on Thursday, April 26th.
On average, analysts expect that BorgWarner will report full year sales of $10.69 billion for the current year, with estimates ranging from $10.44 billion to $10.92 billion. For the next financial year, analysts expect that the company will report sales of $11.36 billion per share, with estimates ranging from $11.09 billion to $11.56 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow 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, beating the consensus estimate of $1.01 by $0.06. The firm had revenue of $2.59 billion for 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 quarterly revenue 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.
Several analysts have weighed in on the stock. Zacks Investment Research upgraded shares of BorgWarner from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Tuesday, December 26th. Wells Fargo boosted their target price on shares of BorgWarner from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Friday, February 9th. ValuEngine lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Royal Bank of Canada upgraded shares of BorgWarner from a “sector perform” rating to an “outperform” rating in a research note on Friday, February 9th. Finally, Morgan Stanley lowered shares of BorgWarner to a “buy” rating and set a $57.00 target price for the company. in a research note on Friday, March 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $54.63.
BWA traded up $0.29 during trading on Wednesday, hitting $53.05. The company had a trading volume of 811,848 shares, compared to its average volume of 1,486,329. The stock has a market capitalization of $11,108.62, a PE ratio of 13.64, a P/E/G ratio of 1.42 and a beta of 1.80. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.46 and a quick ratio of 1.15. BorgWarner has a 1-year low of $39.80 and a 1-year high of $58.22.
Several institutional investors have recently added to or reduced their stakes in BWA. Cerebellum GP LLC bought a new position in shares of BorgWarner during the fourth quarter worth about $119,000. Advisors Preferred LLC bought a new position in shares of BorgWarner during the fourth quarter worth about $119,000. Calton & Associates Inc. bought a new position in shares of BorgWarner during the fourth quarter worth about $150,000. CENTRAL TRUST Co grew its position in shares of BorgWarner by 60.8% during the fourth quarter. CENTRAL TRUST Co now owns 4,090 shares of the auto parts company’s stock worth $209,000 after acquiring an additional 1,546 shares during the last quarter. Finally, Arcadia Investment Management Corp MI grew its position in shares of BorgWarner by 37.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 4,625 shares of the auto parts company’s stock worth $236,000 after acquiring an additional 1,250 shares during the last quarter. Institutional investors and hedge funds own 95.22% of the company’s stock.
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BorgWarner Company Profile
BorgWarner, Inc operates as a clean and efficient technology company. It offers solutions for combustion, hybrid and electric vehicles. Its products improve vehicle performance, propulsion efficiency, stability and air quality. The company also manufactures and sells products to tier one vehicle systems suppliers.
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