Wall Street brokerages predict that BorgWarner (NYSE:BWA) will report $1.11 earnings per share for the current quarter, Zacks Investment Research reports. 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 $1.07. BorgWarner posted earnings per share of $0.96 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 earnings results on Thursday, July 26th.
On average, analysts expect that BorgWarner will report full year earnings of $4.41 per share for the current fiscal year, with EPS estimates ranging from $4.32 to $4.50. For the next year, analysts anticipate that the firm will post earnings of $4.68 per share, with EPS estimates ranging from $3.85 to $4.95. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover BorgWarner.
BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, April 26th. The auto parts company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.07. The business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.63 billion. BorgWarner had a net margin of 4.68% and a return on equity of 22.15%. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 earnings per share.
A number of research analysts recently issued reports on BWA shares. ValuEngine upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada upgraded shares of BorgWarner from a “sector perform” rating to an “outperform” rating in a research report on Friday, February 9th. Wells Fargo & Co 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 report on Friday, February 9th. BMO Capital Markets restated a “buy” rating and set a $64.00 target price on shares of BorgWarner in a research report on Tuesday, March 6th. Finally, Susquehanna Bancshares set a $63.00 target price on shares of BorgWarner and gave the company a “buy” rating in a research report on Wednesday, March 14th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $54.89.
NYSE BWA traded down $0.09 on Friday, reaching $51.46. 1,123,643 shares of the company’s stock traded hands, compared to its average volume of 1,418,576. The company has a market capitalization of $10.81 billion, a PE ratio of 13.23, a P/E/G ratio of 1.46 and a beta of 1.81. BorgWarner has a fifty-two week low of $40.00 and a fifty-two week high of $58.22. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.52 and a quick ratio of 1.19.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be issued a $0.17 dividend. The ex-dividend date is Thursday, May 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.32%. BorgWarner’s payout ratio is 17.48%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC purchased a new stake in shares of BorgWarner during the first quarter worth about $115,000. Advisors Preferred LLC purchased a new stake in shares of BorgWarner during the fourth quarter worth about $119,000. Cerebellum GP LLC purchased a new stake in shares of BorgWarner during the fourth quarter worth about $119,000. Calton & Associates Inc. purchased a new stake in shares of BorgWarner during the fourth quarter worth about $150,000. Finally, AdvisorNet Financial Inc increased its stake in shares of BorgWarner by 93.0% during the first quarter. AdvisorNet Financial Inc now owns 3,049 shares of the auto parts company’s stock worth $153,000 after purchasing an additional 1,469 shares in the last quarter. 93.46% of the stock is owned by institutional investors.
BorgWarner Company Profile
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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