Equities research analysts expect that BorgWarner Inc. (NYSE:BWA) will post $2.64 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for BorgWarner’s earnings, with the highest sales estimate coming in at $2.66 billion and the lowest estimate coming in at $2.59 billion. BorgWarner posted sales of $2.41 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.5%. The company is expected to announce its next earnings results on Thursday, April 26th.
According to Zacks, analysts expect that BorgWarner will report full year sales of $2.64 billion for the current financial year, with estimates ranging from $10.44 billion to $10.75 billion. For the next year, analysts expect that the business will report sales of $11.30 billion per share, with estimates ranging from $11.09 billion to $11.51 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for BorgWarner.
BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, February 8th. The auto parts company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.06. BorgWarner had a net margin of 4.49% and a return on equity of 21.92%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue for the quarter was up 14.5% on a year-over-year basis.
In other BorgWarner news, EVP John J. Gasparovic sold 38,409 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $52.60, for a total value of $2,020,313.40. Following the transaction, the executive vice president now directly owns 63,937 shares of the company’s stock, valued at approximately $3,363,086.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Joel Wiegert sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $52.35, for a total transaction of $73,290.00. Following the completion of the transaction, the vice president now directly owns 16,197 shares in the company, valued at $847,912.95. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BP PLC lifted its stake in BorgWarner by 212.0% in the 4th quarter. BP PLC now owns 78,000 shares of the auto parts company’s stock worth $3,984,000 after purchasing an additional 53,000 shares in the last quarter. Prudential Financial Inc. lifted its stake in BorgWarner by 154.3% in the 3rd quarter. Prudential Financial Inc. now owns 2,076,392 shares of the auto parts company’s stock worth $106,373,000 after purchasing an additional 1,259,970 shares in the last quarter. Janus Henderson Group PLC lifted its stake in BorgWarner by 37.3% in the 3rd quarter. Janus Henderson Group PLC now owns 62,635 shares of the auto parts company’s stock worth $3,209,000 after purchasing an additional 17,021 shares in the last quarter. Toronto Dominion Bank lifted its stake in BorgWarner by 11.4% in the 3rd quarter. Toronto Dominion Bank now owns 75,840 shares of the auto parts company’s stock worth $3,885,000 after purchasing an additional 7,746 shares in the last quarter. Finally, New Amsterdam Partners LLC NY purchased a new position in BorgWarner in the 3rd quarter worth approximately $454,000. 96.75% of the stock is currently owned by institutional investors and hedge funds.
Shares of BorgWarner (NYSE BWA) opened at $52.32 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.46. BorgWarner has a 12 month low of $37.54 and a 12 month high of $58.22. The stock has a market cap of $11,015.98, a PE ratio of 13.45, a PEG ratio of 1.42 and a beta of 1.82.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Wednesday, February 28th. BorgWarner’s dividend payout ratio is presently 32.85%.
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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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