Analysts Anticipate BorgWarner Inc. (NYSE:BWA) Will Post Earnings of $0.81 Per Share

Brokerages expect that BorgWarner Inc. (NYSE:BWA) will announce $0.81 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have made estimates for BorgWarner’s earnings. The highest EPS estimate is $0.94 and the lowest is $0.71. BorgWarner posted earnings per share of ($0.14) in the same quarter last year, which would indicate a positive year over year growth rate of 678.6%. The company is expected to report its next earnings report before the market opens on Wednesday, August 4th.

On average, analysts expect that BorgWarner will report full year earnings of $4.16 per share for the current fiscal year, with EPS estimates ranging from $3.91 to $4.35. For the next fiscal year, analysts anticipate that the company will post earnings of $4.92 per share, with EPS estimates ranging from $4.17 to $5.45. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for BorgWarner.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Tuesday, May 4th. The auto parts company reported $1.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.29. BorgWarner had a return on equity of 12.53% and a net margin of 3.67%. The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same period in the previous year, the business earned $0.77 EPS. BorgWarner’s quarterly revenue was up 75.9% on a year-over-year basis.

Several research analysts have recently weighed in on the company. Wells Fargo & Company assumed coverage on BorgWarner in a report on Wednesday, March 31st. They set an “overweight” rating and a $64.00 target price on the stock. Morgan Stanley boosted their target price on BorgWarner from $29.00 to $31.00 and gave the stock an “underweight” rating in a report on Thursday, May 13th. Royal Bank of Canada boosted their target price on BorgWarner from $41.00 to $43.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 24th. Robert W. Baird boosted their target price on BorgWarner from $53.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, June 9th. They noted that the move was a valuation call. Finally, Barclays lowered their target price on BorgWarner from $53.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. BorgWarner presently has a consensus rating of “Buy” and an average target price of $49.07.

In other news, CEO Frederic Lissalde sold 40,000 shares of the company’s stock in a transaction on Friday, May 7th. The stock was sold at an average price of $52.59, for a total transaction of $2,103,600.00. Following the sale, the chief executive officer now owns 228,784 shares of the company’s stock, valued at $12,031,750.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stefan Demmerle sold 4,500 shares of the company’s stock in a transaction on Wednesday, June 2nd. The stock was sold at an average price of $55.22, for a total value of $248,490.00. Following the sale, the vice president now directly owns 127,977 shares in the company, valued at approximately $7,066,889.94. The disclosure for this sale can be found here. Insiders have sold 111,362 shares of company stock worth $5,796,851 over the last 90 days. 0.36% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado boosted its stake in BorgWarner by 16.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 32,587 shares of the auto parts company’s stock valued at $1,259,000 after acquiring an additional 4,561 shares in the last quarter. Baird Financial Group Inc. boosted its stake in BorgWarner by 260.5% in the fourth quarter. Baird Financial Group Inc. now owns 71,555 shares of the auto parts company’s stock valued at $2,765,000 after acquiring an additional 51,708 shares in the last quarter. Northern Trust Corp boosted its stake in BorgWarner by 11.2% in the fourth quarter. Northern Trust Corp now owns 2,756,187 shares of the auto parts company’s stock valued at $106,499,000 after acquiring an additional 278,386 shares in the last quarter. M&T Bank Corp boosted its stake in BorgWarner by 4.2% in the fourth quarter. M&T Bank Corp now owns 53,975 shares of the auto parts company’s stock valued at $2,086,000 after acquiring an additional 2,172 shares in the last quarter. Finally, Vontobel Holding Ltd. acquired a new position in BorgWarner in the fourth quarter valued at $211,000. 92.82% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:BWA traded down $1.03 during trading hours on Thursday, hitting $46.45. 78,182 shares of the stock were exchanged, compared to its average volume of 1,580,881. The firm has a market cap of $11.14 billion, a P/E ratio of 25.13, a P/E/G ratio of 0.86 and a beta of 1.55. The business’s fifty day simple moving average is $49.86. BorgWarner has a 52-week low of $34.30 and a 52-week high of $55.55. The company has a current ratio of 1.68, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 15th. Shareholders of record on Tuesday, June 1st were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Friday, May 28th. BorgWarner’s dividend payout ratio (DPR) is 24.64%.

About BorgWarner

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. The company's Engine segment offers turbocharger and turbocharger actuators; 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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