Wall Street brokerages expect that BorgWarner Inc. (NYSE:BWA) will report sales of $2.56 billion for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for BorgWarner’s earnings, with estimates ranging from $2.52 billion to $2.62 billion. BorgWarner posted sales of $2.69 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.8%. The firm is scheduled to report its next quarterly earnings report before the market opens on Thursday, July 25th.
On average, analysts expect that BorgWarner will report full-year sales of $10.28 billion for the current year, with estimates ranging from $10.14 billion to $10.37 billion. For the next fiscal year, analysts expect that the company will post sales of $10.84 billion, with estimates ranging from $10.66 billion to $11.07 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for BorgWarner.
BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, April 25th. The auto parts company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.06. BorgWarner had a return on equity of 21.64% and a net margin of 8.39%. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. BorgWarner’s revenue was down 7.8% on a year-over-year basis.
Several research analysts have recently commented on the company. Bank of America set a $64.00 price objective on Verizon Communications and gave the stock a “buy” rating in a report on Tuesday, April 23rd. ValuEngine upgraded Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 4th. Barclays upgraded Encompass Health from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $68.00 to $70.00 in a research report on Thursday, May 30th. Credit Suisse Group began coverage on Magna International in a research report on Wednesday, June 26th. They issued a “neutral” rating and a $55.00 target price for the company. Finally, Zacks Investment Research downgraded Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $48.01.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mason Street Advisors LLC raised its stake 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 worth $1,138,000 after buying an additional 267 shares during the period. State Treasurer State of Michigan grew its stake in BorgWarner by 0.5% during the 1st quarter. State Treasurer State of Michigan now owns 59,896 shares of the auto parts company’s stock worth $2,301,000 after buying an additional 300 shares during the last quarter. Advisor Partners LLC grew its stake in BorgWarner by 3.0% during the 1st quarter. Advisor Partners LLC now owns 11,667 shares of the auto parts company’s stock worth $448,000 after buying an additional 337 shares during the last quarter. Regentatlantic Capital LLC grew its stake in BorgWarner by 5.9% during the 1st quarter. Regentatlantic Capital LLC now owns 6,867 shares of the auto parts company’s stock worth $264,000 after buying an additional 385 shares during the last quarter. Finally, American International Group Inc. grew its stake in BorgWarner by 0.4% during the 4th quarter. American International Group Inc. now owns 105,084 shares of the auto parts company’s stock worth $3,651,000 after buying an additional 406 shares during the last quarter. 90.07% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE BWA traded up $0.95 during midday trading on Friday, hitting $39.97. 1,103,774 shares of the company’s stock were exchanged, compared to its average volume of 1,410,657. BorgWarner has a 12-month low of $32.46 and a 12-month high of $46.97. The company has a current ratio of 1.62, a quick ratio of 1.27 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $8.09 billion, a P/E ratio of 8.92, a price-to-earnings-growth ratio of 1.20 and a beta of 1.82. The firm has a fifty day moving average price of $39.69.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, May 31st. BorgWarner’s dividend payout ratio (DPR) is currently 15.18%.
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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