Equities research analysts expect BorgWarner Inc. (NYSE:BWA) to post $1.11 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for BorgWarner’s earnings, with the highest EPS estimate coming in at $1.13 and the lowest estimate coming in at $1.10. BorgWarner reported earnings of $0.96 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 15.6%. The firm is scheduled to report its next quarterly earnings report before the market opens on Thursday, July 26th.
According to Zacks, analysts expect that BorgWarner will report full year earnings of $4.42 per share for the current financial year, with EPS estimates ranging from $4.36 to $4.50. For the next financial year, analysts anticipate that the firm will report earnings of $4.68 per share, with EPS estimates ranging from $3.85 to $4.95. Zacks’ EPS averages are an average based on a survey of research analysts that cover BorgWarner.
BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, April 26th. The auto parts company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. BorgWarner had a return on equity of 22.15% and a net margin of 4.68%. The firm had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter last year, the business posted $0.91 EPS. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year.
BWA has been the subject of several recent analyst reports. Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Wednesday, March 28th. Morgan Stanley downgraded BorgWarner to a “buy” rating and set a $57.00 price target for the company. in a research report on Friday, March 23rd. Susquehanna Bancshares set a $63.00 price objective on BorgWarner and gave the company a “buy” rating in a research report on Wednesday, March 14th. BMO Capital Markets reaffirmed a “buy” rating and issued a $64.00 price objective on shares of BorgWarner in a research report on Tuesday, March 6th. Finally, ValuEngine cut BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $57.88.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC bought a new position in BorgWarner during the first quarter worth about $115,000. Summit Trail Advisors LLC increased its holdings in shares of BorgWarner by 2,949.9% during the first quarter. Summit Trail Advisors LLC now owns 126,937 shares of the auto parts company’s stock worth $127,000 after buying an additional 122,775 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in shares of BorgWarner by 93.0% in the first quarter. AdvisorNet Financial Inc now owns 3,049 shares of the auto parts company’s stock valued at $153,000 after purchasing an additional 1,469 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of BorgWarner in the first quarter valued at approximately $173,000. Finally, Private Capital Group LLC increased its holdings in shares of BorgWarner by 197.0% in the first quarter. Private Capital Group LLC now owns 3,950 shares of the auto parts company’s stock valued at $198,000 after purchasing an additional 2,620 shares in the last quarter. Institutional investors and hedge funds own 93.38% of the company’s stock.
BorgWarner opened at $45.09 on Friday, MarketBeat Ratings reports. The company has a quick ratio of 1.19, a current ratio of 1.52 and a debt-to-equity ratio of 0.53. The company has a market cap of $9.65 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 1.30 and a beta of 1.80. BorgWarner has a twelve month low of $40.00 and a twelve month high of $58.22.
The company also recently declared a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Thursday, May 31st. BorgWarner’s dividend payout ratio (DPR) is 17.48%.
BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates through two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains for light vehicles, and hybrid power transmission chains.
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