Analysts Expect BorgWarner Inc. (NYSE:BWA) to Announce $0.65 Earnings Per Share

Brokerages expect BorgWarner Inc. (NYSE:BWA) to post $0.65 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for BorgWarner’s earnings. The lowest EPS estimate is $0.57 and the highest is $0.74. BorgWarner posted earnings per share of $0.96 during the same quarter last year, which would suggest a negative year over year growth rate of 32.3%. The business is expected to announce its next quarterly earnings report on Thursday, October 29th.

According to Zacks, analysts expect that BorgWarner will report full-year earnings of $2.11 per share for the current year, with EPS estimates ranging from $1.90 to $2.33. For the next year, analysts forecast that the business will post earnings of $3.43 per share, with EPS estimates ranging from $2.83 to $3.85. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover BorgWarner.

BorgWarner (NYSE:BWA) last released its earnings results on Wednesday, August 5th. The auto parts company reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.47) by $0.33. BorgWarner had a return on equity of 11.97% and a net margin of 5.08%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the previous year, the business posted $1.00 EPS. The business’s revenue for the quarter was down 44.1% on a year-over-year basis.

Several equities research analysts recently commented on BWA shares. JPMorgan Chase & Co. boosted their price target on BorgWarner from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, June 19th. Citigroup boosted their price target on BorgWarner from $30.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Oppenheimer reissued a “buy” rating and issued a $44.00 price target on shares of BorgWarner in a research note on Thursday, June 4th. KeyCorp boosted their price target on BorgWarner from $48.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Finally, Zacks Investment Research cut BorgWarner from a “hold” rating to a “sell” rating and set a $37.00 price target for the company. in a research note on Tuesday, July 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $42.33.

In other BorgWarner news, VP Craig Aaron sold 4,572 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $42.65, for a total value of $194,995.80. Following the sale, the vice president now directly owns 10,971 shares in the company, valued at approximately $467,913.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tonit M. Calaway sold 3,000 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $40.94, for a total transaction of $122,820.00. Following the completion of the sale, the executive vice president now owns 30,394 shares in the company, valued at $1,244,330.36. The disclosure for this sale can be found here. Insiders sold a total of 77,572 shares of company stock worth $3,003,716 over the last quarter. 0.51% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of BorgWarner by 16.5% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 255,484 shares of the auto parts company’s stock valued at $9,018,000 after acquiring an additional 36,119 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of BorgWarner by 5.2% during the 2nd quarter. Principal Financial Group Inc. now owns 434,486 shares of the auto parts company’s stock valued at $15,337,000 after acquiring an additional 21,469 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of BorgWarner by 2.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 537,921 shares of the auto parts company’s stock valued at $18,988,000 after acquiring an additional 15,166 shares in the last quarter. RMR Wealth Builders acquired a new stake in shares of BorgWarner during the 2nd quarter valued at about $140,000. Finally, Orion Portfolio Solutions LLC boosted its position in shares of BorgWarner by 76.4% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 884 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 383 shares in the last quarter.

NYSE:BWA traded down $2.71 on Wednesday, hitting $39.56. 4,772,434 shares of the company’s stock traded hands, compared to its average volume of 3,346,442. The company has a current ratio of 2.36, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. BorgWarner has a 1 year low of $17.00 and a 1 year high of $46.60. The firm has a 50-day moving average price of $40.58 and a 200-day moving average price of $32.74. The company has a market cap of $8.20 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 3.16 and a beta of 1.74.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a $0.17 dividend. The ex-dividend date was Monday, August 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.72%. BorgWarner’s payout ratio is presently 16.46%.

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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