Wall Street brokerages expect BorgWarner Inc. (NYSE:BWA) to announce $2.21 billion in sales for the current quarter, according to Zacks. Seven analysts have issued estimates for BorgWarner’s earnings, with the lowest sales estimate coming in at $2.16 billion and the highest estimate coming in at $2.23 billion. BorgWarner also posted sales of $2.21 billion during the same quarter last year. The firm is scheduled to announce its next earnings results on Thursday, October 26th.
On average, analysts expect that BorgWarner will report full year sales of $2.21 billion for the current financial year, with estimates ranging from $9.29 billion to $9.38 billion. For the next year, analysts expect that the firm will report sales of $9.87 billion per share, with estimates ranging from $9.65 billion to $10.07 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover BorgWarner.
BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.07. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.27 billion. BorgWarner had a return on equity of 20.75% and a net margin of 2.06%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 earnings per share.
A number of equities research analysts recently weighed in on the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $55.00 price target (up from $50.00) on shares of BorgWarner in a report on Friday, July 28th. Barclays PLC set a $46.00 target price on BorgWarner and gave the company a “hold” rating in a research note on Sunday, August 6th. Deutsche Bank AG lifted their target price on BorgWarner from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday. Zacks Investment Research raised BorgWarner from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $44.00 target price on shares of BorgWarner in a research note on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. BorgWarner has a consensus rating of “Hold” and an average target price of $42.67.
Shares of BorgWarner (NYSE BWA) opened at 44.90 on Friday. The stock has a 50 day moving average price of $44.82 and a 200 day moving average price of $42.26. The firm has a market cap of $9.48 billion, a price-to-earnings ratio of 50.06 and a beta of 1.73. BorgWarner has a one year low of $33.09 and a one year high of $48.03.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.56 annualized dividend and a dividend yield of 1.25%. BorgWarner’s dividend payout ratio is currently 62.92%.
In other news, Director Dennis C. Cuneo sold 1,000 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $44.06, for a total value of $44,060.00. Following the transaction, the director now directly owns 13,398 shares in the company, valued at approximately $590,315.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.66% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. CENTRAL TRUST Co raised its position in BorgWarner by 5.3% in the second quarter. CENTRAL TRUST Co now owns 2,679 shares of the auto parts company’s stock valued at $114,000 after buying an additional 135 shares in the last quarter. Van ECK Associates Corp raised its position in BorgWarner by 6.8% in the first quarter. Van ECK Associates Corp now owns 2,702 shares of the auto parts company’s stock valued at $113,000 after buying an additional 171 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in BorgWarner during the first quarter valued at about $105,000. SRS Capital Advisors Inc. raised its position in BorgWarner by 13.7% in the first quarter. SRS Capital Advisors Inc. now owns 2,929 shares of the auto parts company’s stock valued at $122,000 after buying an additional 354 shares in the last quarter. Finally, Whittier Trust Co. raised its position in BorgWarner by 6.4% in the first quarter. Whittier Trust Co. now owns 3,165 shares of the auto parts company’s stock valued at $132,000 after buying an additional 189 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.
BorgWarner Company Profile
BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.
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