Analysts expect BorgWarner Inc. (NYSE:BWA) to post $0.98 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have issued estimates for BorgWarner’s earnings. The lowest EPS estimate is $0.95 and the highest is $1.03. BorgWarner posted earnings per share of $1.21 during the same quarter last year, which suggests a negative year over year growth rate of 19%. The business is expected to report its next earnings results on Thursday, February 13th.
On average, analysts expect that BorgWarner will report full-year earnings of $3.93 per share for the current fiscal year, with EPS estimates ranging from $3.90 to $3.99. For the next fiscal year, analysts forecast that the company will report earnings of $4.14 per share, with EPS estimates ranging from $3.95 to $4.25. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for BorgWarner.
BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.11. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.39 billion. BorgWarner had a net margin of 7.43% and a return on equity of 19.43%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the business posted $1.00 EPS.
A number of research firms have recently weighed in on BWA. Royal Bank of Canada set a $41.00 target price on shares of BorgWarner and gave the company a “hold” rating in a research report on Friday, November 1st. Guggenheim began coverage on shares of BorgWarner in a research report on Tuesday, October 15th. They set a “neutral” rating for the company. UBS Group reduced their target price on shares of BorgWarner from $49.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Wolfe Research downgraded shares of BorgWarner from an “outperform” rating to a “peer perform” rating and reduced their target price for the company from $50.00 to $46.00 in a research report on Friday, November 22nd. Finally, Nomura began coverage on shares of BorgWarner in a research report on Tuesday, August 27th. They set a “buy” rating and a $41.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. BorgWarner currently has a consensus rating of “Hold” and a consensus price target of $45.67.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Scotia Capital Inc. purchased a new position in BorgWarner in the second quarter worth about $1,035,000. Paloma Partners Management Co purchased a new stake in shares of BorgWarner in the second quarter valued at $1,314,000. Victory Capital Management Inc. raised its stake in shares of BorgWarner by 16.0% in the second quarter. Victory Capital Management Inc. now owns 5,984,092 shares of the auto parts company’s stock valued at $251,212,000 after acquiring an additional 824,302 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of BorgWarner by 855.6% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 52,616 shares of the auto parts company’s stock valued at $2,209,000 after acquiring an additional 47,110 shares during the period. Finally, Andra AP fonden raised its stake in shares of BorgWarner by 7.1% in the second quarter. Andra AP fonden now owns 118,000 shares of the auto parts company’s stock valued at $4,954,000 after acquiring an additional 7,800 shares during the period. 91.74% of the stock is owned by institutional investors.
NYSE:BWA traded up $0.12 on Tuesday, hitting $43.47. The stock had a trading volume of 989,448 shares, compared to its average volume of 1,651,328. BorgWarner has a 1 year low of $30.71 and a 1 year high of $46.60. The firm’s fifty day simple moving average is $42.73 and its two-hundred day simple moving average is $38.60. The stock has a market cap of $8.94 billion, a P/E ratio of 9.70, a price-to-earnings-growth ratio of 1.43 and a beta of 1.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.58.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, November 29th. BorgWarner’s dividend payout ratio (DPR) is presently 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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