Zacks: Brokerages Expect BorgWarner (BWA) to Announce $1.11 EPS

Analysts predict that BorgWarner (NYSE:BWA) will announce $1.11 earnings per share for the current quarter, Zacks reports. Five analysts have made estimates for BorgWarner’s earnings. The highest EPS estimate is $1.13 and the lowest is $1.07. BorgWarner reported earnings per share of $0.96 during the same quarter last year, which indicates a positive year-over-year growth rate of 15.6%. The company is scheduled to report its next earnings report on Thursday, July 26th.

According to Zacks, analysts expect that BorgWarner will report full-year earnings of $4.41 per share for the current financial year, with EPS estimates ranging from $4.32 to $4.50. For the next fiscal year, analysts forecast that the firm will report earnings of $4.68 per share, with EPS estimates ranging from $3.85 to $4.95. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow BorgWarner.

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BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, April 26th. The auto parts company reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.07. The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.63 billion. BorgWarner had a return on equity of 22.15% and a net margin of 4.68%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 EPS.

Several research analysts have weighed in on the company. Zacks Investment Research lowered BorgWarner from a “buy” rating to a “hold” rating in a research report on Tuesday, May 1st. Citigroup lowered their price target on BorgWarner from $60.00 to $59.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 22nd. Cowen began coverage on BorgWarner in a report on Monday, April 16th. They set an “outperform” rating and a $60.00 target price on the stock. Susquehanna Bancshares set a $63.00 target price on BorgWarner and gave the stock a “buy” rating in a report on Wednesday, March 14th. Finally, BMO Capital Markets reissued a “buy” rating and set a $64.00 target price on shares of BorgWarner in a report on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. BorgWarner currently has an average rating of “Hold” and an average price target of $54.89.

Shares of BorgWarner traded down $0.09, hitting $51.46, during trading on Friday, Marketbeat reports. 1,123,643 shares of the company were exchanged, compared to its average volume of 1,418,576. The firm has a market capitalization of $10.81 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 1.46 and a beta of 1.81. BorgWarner has a fifty-two week low of $40.00 and a fifty-two week high of $58.22. The company has a quick ratio of 1.19, a current ratio of 1.52 and a debt-to-equity ratio of 0.53.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $0.68 annualized dividend and a yield of 1.32%. BorgWarner’s dividend payout ratio (DPR) is presently 17.48%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stephens Inc. AR boosted its stake in BorgWarner by 20.2% in the 4th quarter. Stephens Inc. AR now owns 5,994 shares of the auto parts company’s stock valued at $306,000 after purchasing an additional 1,008 shares during the period. Wayne Hummer Investments L.L.C. lifted its position in shares of BorgWarner by 16.6% during the 4th quarter. Wayne Hummer Investments L.L.C. now owns 7,342 shares of the auto parts company’s stock valued at $375,000 after acquiring an additional 1,045 shares during the period. Parkside Investments LLC lifted its position in shares of BorgWarner by 2.4% during the 4th quarter. Parkside Investments LLC now owns 45,500 shares of the auto parts company’s stock valued at $2,325,000 after acquiring an additional 1,075 shares during the period. Norinchukin Bank The lifted its position in shares of BorgWarner by 7.3% during the 4th quarter. Norinchukin Bank The now owns 15,846 shares of the auto parts company’s stock valued at $810,000 after acquiring an additional 1,079 shares during the period. Finally, New Amsterdam Partners LLC NY lifted its position in shares of BorgWarner by 27.0% during the 1st quarter. New Amsterdam Partners LLC NY now owns 5,353 shares of the auto parts company’s stock valued at $269,000 after acquiring an additional 1,138 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

About BorgWarner

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

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Earnings History and Estimates for BorgWarner (NYSE:BWA)

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