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.
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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