Equities analysts forecast that BorgWarner Inc. (NYSE:BWA) will announce $1.06 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for BorgWarner’s earnings. The lowest EPS estimate is $1.02 and the highest is $1.11. BorgWarner posted earnings per share of $1.18 in the same quarter last year, which indicates a negative year-over-year growth rate of 10.2%. The company is expected to announce its next earnings report on Thursday, July 25th.
On average, analysts expect that BorgWarner will report full year earnings of $4.19 per share for the current year, with EPS estimates ranging from $4.00 to $4.30. For the next fiscal year, analysts expect that the firm will report earnings of $4.57 per share, with EPS estimates ranging from $4.00 to $4.82. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for BorgWarner.
BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, April 25th. The auto parts company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.06. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.47 billion. BorgWarner had a return on equity of 22.70% and a net margin of 8.84%. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 earnings per share.
A number of equities analysts have recently commented on the company. ValuEngine upgraded BorgWarner from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 4th. Zacks Investment Research lowered BorgWarner from a “hold” rating to a “sell” rating in a research note on Monday, February 25th. Seaport Global Securities assumed coverage on BorgWarner in a research note on Wednesday, February 13th. They issued a “neutral” rating on the stock. TheStreet upgraded BorgWarner from a “c+” rating to a “b-” rating in a research note on Thursday, January 31st. Finally, Barclays set a $36.00 price target on BorgWarner and gave the company a “hold” rating in a research note on Friday, January 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $48.83.
In other news, EVP Tonit M. Calaway sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $41.93, for a total value of $503,160.00. Following the transaction, the executive vice president now directly owns 28,066 shares of the company’s stock, valued at approximately $1,176,807.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Joel Wiegert sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $38.74, for a total value of $232,440.00. Following the completion of the transaction, the vice president now directly owns 27,420 shares in the company, valued at $1,062,250.80. The disclosure for this sale can be found here. Insiders have sold 29,784 shares of company stock worth $1,230,456 over the last ninety days. Company insiders own 0.75% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc raised its position in BorgWarner by 2.5% in the 3rd quarter. Vanguard Group Inc now owns 21,712,547 shares of the auto parts company’s stock worth $928,863,000 after purchasing an additional 522,490 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position in BorgWarner by 8.8% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 9,908,522 shares of the auto parts company’s stock worth $344,222,000 after purchasing an additional 799,436 shares during the last quarter. Harris Associates L P raised its position in BorgWarner by 29.8% in the 4th quarter. Harris Associates L P now owns 6,663,643 shares of the auto parts company’s stock worth $231,495,000 after purchasing an additional 1,530,716 shares during the last quarter. JPMorgan Chase & Co. raised its position in BorgWarner by 33.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,635,725 shares of the auto parts company’s stock worth $283,875,000 after purchasing an additional 1,661,618 shares during the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt raised its position in BorgWarner by 9.6% in the 1st quarter. Alecta Pensionsforsakring Omsesidigt now owns 6,075,000 shares of the auto parts company’s stock worth $233,341,000 after purchasing an additional 530,000 shares during the last quarter. 91.33% of the stock is currently owned by institutional investors and hedge funds.
BorgWarner stock opened at $41.57 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.26 and a current ratio of 1.59. The stock has a market capitalization of $9.06 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 1.34 and a beta of 1.72. BorgWarner has a 52 week low of $32.46 and a 52 week high of $53.28.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.64%. BorgWarner’s payout ratio is 15.18%.
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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