$2.40 Billion in Sales Expected for BorgWarner Inc. (NYSE:BWA) This Quarter

Wall Street analysts expect that BorgWarner Inc. (NYSE:BWA) will report sales of $2.40 billion for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for BorgWarner’s earnings. The highest sales estimate is $2.45 billion and the lowest is $2.39 billion. BorgWarner posted sales of $2.48 billion during the same quarter last year, which would indicate a negative year over year growth rate of 3.2%. The company is scheduled to announce its next earnings results on Thursday, October 24th.

According to Zacks, analysts expect that BorgWarner will report full year sales of $10.07 billion for the current year, with estimates ranging from $9.94 billion to $10.23 billion. For the next year, analysts forecast that the firm will post sales of $10.47 billion, with estimates ranging from $10.17 billion to $10.71 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow BorgWarner.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, July 25th. The auto parts company reported $1.00 EPS for the quarter, hitting analysts’ consensus estimates of $1.00. The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.52 billion. BorgWarner had a net margin of 7.53% and a return on equity of 20.13%. The company’s revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the business posted $1.18 EPS.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of BorgWarner from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Deutsche Bank downgraded shares of BorgWarner from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $50.00 to $44.00 in a report on Friday, July 26th. ValuEngine upgraded shares of BorgWarner from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 4th. Morgan Stanley set a $47.00 target price on shares of BorgWarner and gave the company a “buy” rating in a research report on Wednesday, June 26th. Finally, Bank of America restated a “neutral” rating and issued a $46.00 price target (up from $42.00) on shares of BorgWarner in a research report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $46.93.

Shares of NYSE:BWA opened at $36.25 on Friday. The firm’s fifty day moving average is $40.54. The firm has a market cap of $7.86 billion, a price-to-earnings ratio of 8.09, a P/E/G ratio of 1.27 and a beta of 1.82. BorgWarner has a 12-month low of $32.46 and a 12-month high of $46.97. The company has a quick ratio of 1.31, a current ratio of 1.66 and a debt-to-equity ratio of 0.43.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.88%. The ex-dividend date is Friday, August 30th. BorgWarner’s payout ratio is 15.18%.

A number of hedge funds have recently made changes to their positions in the business. Triangle Securities Wealth Management increased its stake in shares of BorgWarner by 12.3% in the 1st quarter. Triangle Securities Wealth Management now owns 30,693 shares of the auto parts company’s stock valued at $1,179,000 after acquiring an additional 3,365 shares in the last quarter. Horizon Investments LLC purchased a new position in BorgWarner during the 1st quarter worth $222,000. Norges Bank purchased a new position in BorgWarner during the 4th quarter worth $74,908,000. State Treasurer State of Michigan boosted its holdings in shares of BorgWarner by 0.5% in the 1st quarter. State Treasurer State of Michigan now owns 59,896 shares of the auto parts company’s stock worth $2,301,000 after buying an additional 300 shares during the last quarter. Finally, Dupont Capital Management Corp purchased a new position in shares of BorgWarner in the 1st quarter worth about $231,000. Hedge funds and other institutional investors own 90.04% 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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