Equities research analysts expect BorgWarner Inc. (NYSE:BWA) to post $2.49 billion in sales for the current quarter, Zacks reports. Seven analysts have provided estimates for BorgWarner’s earnings. The highest sales estimate is $2.52 billion and the lowest is $2.46 billion. BorgWarner posted sales of $2.26 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.2%. The company is expected to report its next quarterly earnings results on Thursday, February 8th.
According to Zacks, analysts expect that BorgWarner will report full-year sales of $2.49 billion for the current financial year, with estimates ranging from $9.33 billion to $9.71 billion. For the next financial year, analysts anticipate that the company will post sales of $10.30 billion per share, with estimates ranging from $9.74 billion to $10.58 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover BorgWarner.
BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.07. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the firm earned $0.78 EPS. BorgWarner’s revenue was up 9.1% on a year-over-year basis.
A number of analysts have commented on BWA shares. Jefferies Group LLC restated a “buy” rating and set a $56.00 price target on shares of BorgWarner in a research report on Tuesday, August 29th. KeyCorp boosted their target price on shares of BorgWarner from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, October 13th. ValuEngine downgraded shares of BorgWarner from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of BorgWarner from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, Citigroup Inc. boosted their target price on shares of BorgWarner from $50.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $47.72.
BorgWarner (NYSE:BWA) traded down $0.04 during mid-day trading on Tuesday, hitting $52.03. 923,400 shares of the company’s stock were exchanged, compared to its average volume of 1,838,778. BorgWarner has a one year low of $33.81 and a one year high of $53.84. The company has a market cap of $10,970.00, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 1.51 and a beta of 1.75. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 1.10.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.17 dividend. This is an increase from BorgWarner’s previous quarterly dividend of $0.14. This represents a $0.68 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Thursday, November 30th. BorgWarner’s dividend payout ratio (DPR) is 40.58%.
In related news, insider Brady D. Ericson sold 11,052 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $45.38, for a total transaction of $501,539.76. Following the transaction, the insider now directly owns 23,418 shares of the company’s stock, valued at $1,062,708.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tonit M. Calaway sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $44.99, for a total transaction of $134,970.00. Following the transaction, the executive vice president now directly owns 34,120 shares in the company, valued at $1,535,058.80. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Psagot Investment House Ltd. purchased a new position in BorgWarner during the third quarter valued at approximately $428,000. Asset Management One Co. Ltd. grew its position in BorgWarner by 5.9% during the third quarter. Asset Management One Co. Ltd. now owns 357,245 shares of the auto parts company’s stock valued at $18,273,000 after purchasing an additional 19,898 shares in the last quarter. AMP Capital Investors Ltd grew its position in BorgWarner by 31.8% during the third quarter. AMP Capital Investors Ltd now owns 82,411 shares of the auto parts company’s stock valued at $4,222,000 after purchasing an additional 19,900 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in BorgWarner during the third quarter valued at approximately $6,718,000. Finally, Nomura Asset Management Co. Ltd. grew its position in BorgWarner by 4.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 34,182 shares of the auto parts company’s stock valued at $1,751,000 after purchasing an additional 1,538 shares in the last quarter. 92.75% of the stock is currently owned by hedge funds and other institutional investors.
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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