Zacks: Analysts Anticipate BorgWarner Inc. (NYSE:BWA) to Post $0.93 Earnings Per Share

Wall Street brokerages expect that BorgWarner Inc. (NYSE:BWAGet Rating) will post earnings per share (EPS) of $0.93 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for BorgWarner’s earnings. The lowest EPS estimate is $0.85 and the highest is $1.08. BorgWarner reported earnings per share of $1.08 during the same quarter last year, which would suggest a negative year-over-year growth rate of 13.9%. The company is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that BorgWarner will report full-year earnings of $3.98 per share for the current financial year, with EPS estimates ranging from $3.45 to $4.20. For the next year, analysts expect that the firm will post earnings of $5.05 per share, with EPS estimates ranging from $4.34 to $6.00. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover BorgWarner.

BorgWarner (NYSE:BWAGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The auto parts company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.25. The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.71 billion. BorgWarner had a return on equity of 13.34% and a net margin of 4.57%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 earnings per share.

Several research analysts recently commented on the company. Exane BNP Paribas started coverage on BorgWarner in a research report on Monday, April 11th. They issued a “neutral” rating for the company. Citigroup lowered their target price on BorgWarner from $52.00 to $43.00 in a research note on Tuesday, April 5th. Morgan Stanley lifted their price objective on BorgWarner from $31.00 to $32.00 and gave the stock an “underweight” rating in a research report on Monday, February 28th. Deutsche Bank Aktiengesellschaft reduced their target price on BorgWarner from $53.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, April 21st. Finally, BNP Paribas started coverage on BorgWarner in a report on Monday, April 11th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $45.70.

In other BorgWarner news, EVP Felecia J. Pryor sold 6,590 shares of the stock in a transaction that occurred on Wednesday, March 9th. The stock was sold at an average price of $38.01, for a total value of $250,485.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.54% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in BorgWarner during the fourth quarter worth about $105,595,000. American Century Companies Inc. increased its holdings in BorgWarner by 28.5% during the 3rd quarter. American Century Companies Inc. now owns 5,055,805 shares of the auto parts company’s stock valued at $218,462,000 after purchasing an additional 1,122,143 shares during the period. Royal Bank of Canada increased its holdings in BorgWarner by 153.2% during the 3rd quarter. Royal Bank of Canada now owns 1,608,775 shares of the auto parts company’s stock valued at $69,515,000 after purchasing an additional 973,291 shares during the period. Macquarie Group Ltd. increased its holdings in BorgWarner by 22.5% during the 3rd quarter. Macquarie Group Ltd. now owns 5,196,069 shares of the auto parts company’s stock valued at $224,522,000 after purchasing an additional 953,823 shares during the period. Finally, Black Creek Investment Management Inc. grew its holdings in shares of BorgWarner by 21.2% during the 1st quarter. Black Creek Investment Management Inc. now owns 4,746,184 shares of the auto parts company’s stock worth $184,627,000 after acquiring an additional 828,901 shares during the period. 90.96% of the stock is owned by institutional investors and hedge funds.

BorgWarner stock traded up $1.73 during trading hours on Monday, reaching $38.40. 2,242,916 shares of the company were exchanged, compared to its average volume of 1,800,121. BorgWarner has a 12 month low of $34.85 and a 12 month high of $55.55. The company has a current ratio of 1.72, a quick ratio of 1.29 and a debt-to-equity ratio of 0.58. The firm has a market cap of $9.20 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 0.30 and a beta of 1.35. The stock has a 50-day moving average of $37.65 and a 200 day moving average of $42.43.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $0.68 annualized dividend and a yield of 1.77%. BorgWarner’s dividend payout ratio is currently 24.20%.

About BorgWarner (Get Rating)

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through four segments: Air Management, E-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.

Recommended Stories

Get a free copy of the Zacks research report on BorgWarner (BWA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for BorgWarner (NYSE:BWA)

Receive News & Ratings for BorgWarner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner and related companies with MarketBeat.com's FREE daily email newsletter.