$3.68 Billion in Sales Expected for BorgWarner Inc. (NYSE:BWA) This Quarter

Equities analysts expect that BorgWarner Inc. (NYSE:BWAGet Rating) will announce $3.68 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for BorgWarner’s earnings. The highest sales estimate is $3.84 billion and the lowest is $3.56 billion. BorgWarner reported sales of $4.01 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 8.2%. The company is expected to announce its next quarterly earnings results before the market opens on Monday, January 1st.

On average, analysts expect that BorgWarner will report full-year sales of $16.11 billion for the current financial year, with estimates ranging from $15.80 billion to $16.62 billion. For the next year, analysts anticipate that the business will post sales of $17.61 billion, with estimates ranging from $17.07 billion to $18.76 billion. Zacks’ sales averages are an average based on a survey of analysts that follow BorgWarner.

BorgWarner (NYSE:BWAGet Rating) last issued its quarterly earnings results on Tuesday, February 15th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.32. BorgWarner had a net margin of 3.62% and a return on equity of 14.22%. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the prior year, the company earned $1.18 earnings per share. The business’s quarterly revenue was down 6.9% on a year-over-year basis.

A number of brokerages recently issued reports on BWA. Barclays lowered their price target on BorgWarner from $49.00 to $41.00 and set an “equal weight” rating for the company in a report on Thursday, April 7th. Citigroup reduced their target price on shares of BorgWarner from $52.00 to $43.00 in a report on Tuesday, April 5th. The Goldman Sachs Group decreased their price objective on BorgWarner from $47.00 to $42.00 and set a “neutral” rating for the company in a research report on Tuesday, April 5th. Morgan Stanley lifted their price objective on shares of BorgWarner from $31.00 to $32.00 and gave the company an “underweight” rating in a research report on Monday, February 28th. Finally, StockNews.com began coverage on shares of BorgWarner in a report on Thursday, March 31st. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $48.75.

Shares of NYSE:BWA opened at $38.43 on Wednesday. The company has a market cap of $9.22 billion, a PE ratio of 17.16, a P/E/G ratio of 0.31 and a beta of 1.42. The company’s 50 day moving average is $39.33 and its two-hundred day moving average is $43.50. BorgWarner has a 52 week low of $34.85 and a 52 week high of $55.55. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 0.59.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Tuesday, March 1st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, February 28th. This represents a $0.68 annualized dividend and a yield of 1.77%. BorgWarner’s payout ratio is 30.36%.

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

Several hedge funds and other institutional investors have recently modified their holdings of BWA. Quent Capital LLC acquired a new position in shares of BorgWarner in the 4th quarter valued at about $25,000. Neo Ivy Capital Management bought a new position in BorgWarner in the 4th quarter worth $25,000. CWM LLC acquired a new stake in shares of BorgWarner in the fourth quarter valued at about $26,000. MFA Wealth Advisors LLC acquired a new stake in BorgWarner in the 3rd quarter valued at approximately $31,000. Finally, Northern Oak Wealth Management Inc. bought a new position in BorgWarner during the fourth quarter worth $32,000. Institutional investors and hedge funds own 91.89% of the company’s stock.

BorgWarner Company Profile (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.

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Earnings History and Estimates for BorgWarner (NYSE:BWA)

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