Analysts Expect BorgWarner Inc. (NYSE:BWA) Will Post Earnings of $0.93 Per Share

Equities research analysts predict that BorgWarner Inc. (NYSE:BWA – Get Rating) will post earnings of $0.93 per share for the current quarter, Zacks reports. Five analysts have issued estimates for BorgWarner’s earnings. The lowest EPS estimate is $0.85 and the highest is $1.08. BorgWarner reported earnings of $1.08 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 13.9%. The business is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that BorgWarner will report full-year earnings of $3.97 per share for the current financial year, with EPS estimates ranging from $3.45 to $4.20. For the next year, analysts forecast that the firm will post earnings of $5.03 per share, with EPS estimates ranging from $4.34 to $6.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow BorgWarner.

BorgWarner (NYSE:BWA – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The auto parts company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.86 by $0.19. BorgWarner had a net margin of 4.57% and a return on equity of 13.34%. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year.

Several equities research analysts have recently commented on the stock. Citigroup lowered their price objective on shares of BorgWarner from $52.00 to $43.00 in a research note on Tuesday, April 5th. The Goldman Sachs Group decreased their target price on shares of BorgWarner from $47.00 to $42.00 and set a “neutral” rating for the company in a research report on Tuesday, April 5th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of BorgWarner from $53.00 to $44.00 and set a “hold” rating for the company in a research report on Thursday, April 21st. StockNews.com assumed coverage on shares of BorgWarner in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, BNP Paribas assumed coverage on shares of BorgWarner in a research report on Monday, April 11th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $45.70.

In other news, EVP Felecia J. Pryor sold 6,590 shares of the business’s stock in a transaction dated Wednesday, March 9th. The shares were sold at an average price of $38.01, for a total transaction of $250,485.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in BWA. Morgan Stanley increased its stake in shares of BorgWarner by 21.7% during the second quarter. Morgan Stanley now owns 1,199,139 shares of the auto parts company’s stock worth $58,206,000 after purchasing an additional 214,073 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in BorgWarner by 106.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 40,334 shares of the auto parts company’s stock valued at $1,743,000 after acquiring an additional 20,768 shares in the last quarter. Van ECK Associates Corp grew its stake in BorgWarner by 95.8% during the 3rd quarter. Van ECK Associates Corp now owns 877 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 429 shares in the last quarter. Advisor Group Holdings Inc. grew its stake in BorgWarner by 8.8% during the 3rd quarter. Advisor Group Holdings Inc. now owns 50,762 shares of the auto parts company’s stock valued at $2,194,000 after acquiring an additional 4,123 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in BorgWarner by 6.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 13,709 shares of the auto parts company’s stock valued at $592,000 after acquiring an additional 801 shares in the last quarter. 90.96% of the stock is owned by institutional investors and hedge funds.

NYSE:BWA opened at $37.97 on Monday. BorgWarner has a 12 month low of $34.85 and a 12 month high of $55.55. The firm has a fifty day simple moving average of $37.79 and a 200-day simple moving average of $42.67. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $9.11 billion, a P/E ratio of 13.51, a PEG ratio of 0.32 and a beta of 1.35.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.79%. BorgWarner’s payout ratio is 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.

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