BorgWarner Inc. (NYSE:BWA) Expected to Announce Earnings of $1.02 Per Share

Analysts expect that BorgWarner Inc. (NYSE:BWA) will announce $1.02 earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have provided estimates for BorgWarner’s earnings, with the highest EPS estimate coming in at $1.04 and the lowest estimate coming in at $1.00. BorgWarner posted earnings per share of $1.18 in the same quarter last year, which would indicate a negative year over year growth rate of 13.6%. The company is scheduled to issue its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that BorgWarner will report full-year earnings of $4.22 per share for the current year, with EPS estimates ranging from $4.10 to $4.33. For the next financial year, analysts expect that the business will post earnings of $4.58 per share, with EPS estimates ranging from $4.00 to $5.01. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow BorgWarner.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.06. BorgWarner had a net margin of 8.39% and a return on equity of 21.64%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same period last year, the firm earned $1.10 EPS. The business’s quarterly revenue was down 7.8% compared to the same quarter last year.

Several brokerages have commented on BWA. ValuEngine raised shares of BorgWarner from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 4th. Zacks Investment Research downgraded shares of BorgWarner from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Bank of America reissued a “neutral” rating and issued a $46.00 price target (up from $42.00) on shares of BorgWarner in a report on Tuesday, April 23rd. Morgan Stanley set a $48.00 price target on shares of BorgWarner and gave the company a “buy” rating in a report on Thursday, May 16th. Finally, Barclays raised shares of BorgWarner from an “equal weight” rating to an “overweight” rating and set a $36.09 price target for the company in a report on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $48.76.

NYSE:BWA traded down $0.16 during trading hours on Tuesday, hitting $40.95. The stock had a trading volume of 1,267,807 shares, compared to its average volume of 1,748,762. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.62 and a quick ratio of 1.27. BorgWarner has a one year low of $32.46 and a one year high of $48.69. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 1.25 and a beta of 1.76.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, May 31st. BorgWarner’s dividend payout ratio (DPR) is currently 15.18%.

In other news, Director Thomas T. Stallkamp sold 3,124 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $42.00, for a total transaction of $131,208.00. Following the sale, the director now owns 4,033 shares in the company, valued at approximately $169,386. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.75% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. grew its holdings in BorgWarner by 118.5% in the 1st quarter. Rockefeller Capital Management L.P. now owns 651 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 353 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in shares of BorgWarner by 247.8% during the 4th quarter. Proficio Capital Partners LLC now owns 939 shares of the auto parts company’s stock valued at $33,000 after purchasing an additional 669 shares in the last quarter. CSat Investment Advisory L.P. boosted its stake in BorgWarner by 93.2% during the fourth quarter. CSat Investment Advisory L.P. now owns 999 shares of the auto parts company’s stock worth $35,000 after acquiring an additional 482 shares in the last quarter. Bremer Bank National Association bought a new stake in BorgWarner during the first quarter worth about $44,000. Finally, Bremer Trust National Association bought a new stake in BorgWarner during the fourth quarter worth about $47,000. Institutional investors own 90.12% of the company’s stock.

BorgWarner Company Profile

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.

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Earnings History and Estimates for BorgWarner (NYSE:BWA)

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