Equities research analysts expect that BorgWarner Inc. (NYSE:BWA) will announce $2.40 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for BorgWarner’s earnings, with estimates ranging from $2.39 billion to $2.45 billion. BorgWarner posted sales of $2.48 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 3.2%. The business is scheduled to issue its next quarterly earnings results on Thursday, October 24th.
According to Zacks, analysts expect that BorgWarner will report full-year sales of $10.06 billion for the current financial year, with estimates ranging from $9.94 billion to $10.17 billion. For the next fiscal year, analysts expect that the business will report sales of $10.44 billion, with estimates ranging from $10.17 billion to $10.71 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for BorgWarner.
BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, July 25th. The auto parts company reported $1.00 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.00. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.52 billion. BorgWarner had a return on equity of 20.13% and a net margin of 7.53%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 earnings per share.
Several research analysts have issued reports on the company. Citigroup cut their price target on BorgWarner from $45.00 to $42.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Royal Bank of Canada lowered BorgWarner from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $44.00 to $41.00 in a report on Friday, July 26th. Cowen set a $47.00 price target on BorgWarner and gave the stock a “buy” rating in a report on Friday, July 19th. Morgan Stanley set a $47.00 price target on BorgWarner and gave the stock a “buy” rating in a report on Wednesday, June 26th. Finally, Nomura assumed coverage on BorgWarner in a report on Tuesday, August 27th. They issued a “buy” rating and a $41.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $46.50.
NYSE:BWA traded down $0.54 on Thursday, hitting $37.03. The stock had a trading volume of 1,434,719 shares, compared to its average volume of 1,708,929. The business’s fifty day moving average is $34.34 and its 200 day moving average is $38.45. The company has a market cap of $8.16 billion, a PE ratio of 8.27, a P/E/G ratio of 1.31 and a beta of 1.87. The company has a quick ratio of 1.31, a current ratio of 1.66 and a debt-to-equity ratio of 0.43. BorgWarner has a 52 week low of $30.71 and a 52 week high of $46.97.
The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a $0.17 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.84%. BorgWarner’s dividend payout ratio is presently 15.18%.
Several hedge funds have recently bought and sold shares of the company. Mason Street Advisors LLC lifted its holdings in shares of BorgWarner by 0.9% in the first quarter. Mason Street Advisors LLC now owns 29,631 shares of the auto parts company’s stock valued at $1,138,000 after purchasing an additional 267 shares in the last quarter. State Treasurer State of Michigan lifted its holdings in BorgWarner by 0.5% during the first quarter. State Treasurer State of Michigan now owns 59,896 shares of the auto parts company’s stock worth $2,301,000 after acquiring an additional 300 shares during the period. SeaCrest Wealth Management LLC lifted its holdings in BorgWarner by 3.6% during the second quarter. SeaCrest Wealth Management LLC now owns 8,661 shares of the auto parts company’s stock worth $364,000 after acquiring an additional 302 shares during the period. Schafer Cullen Capital Management Inc lifted its holdings in BorgWarner by 0.4% during the second quarter. Schafer Cullen Capital Management Inc now owns 107,671 shares of the auto parts company’s stock worth $4,304,000 after acquiring an additional 402 shares during the period. Finally, Empirical Finance LLC lifted its holdings in BorgWarner by 0.8% during the second quarter. Empirical Finance LLC now owns 59,682 shares of the auto parts company’s stock worth $2,505,000 after acquiring an additional 502 shares during the period. Institutional investors own 90.97% of the company’s stock.
BorgWarner Company Profile
BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.
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