BorgWarner Inc. (NYSE:BWA) – Research analysts at Jefferies Group raised their Q3 2017 earnings per share estimates for BorgWarner in a note issued to investors on Thursday. Jefferies Group analyst D. Kelley now forecasts that the auto parts company will post earnings per share of $0.86 for the quarter, up from their prior estimate of $0.78. Jefferies Group currently has a “Buy” rating and a $48.00 price target on the stock. Jefferies Group also issued estimates for BorgWarner’s Q4 2017 earnings at $0.97 EPS, FY2017 earnings at $3.70 EPS, Q1 2018 earnings at $1.00 EPS, Q2 2018 earnings at $0.99 EPS, Q3 2018 earnings at $0.94 EPS, Q4 2018 earnings at $1.07 EPS and FY2018 earnings at $4.01 EPS.
BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.07. BorgWarner had a net margin of 2.06% and a return on equity of 20.75%. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the business earned $0.84 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis.
Several other analysts have also recently commented on the company. TheStreet upgraded BorgWarner from a “c+” rating to a “b” rating in a report on Monday, May 1st. Zacks Investment Research upgraded BorgWarner from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Monday, May 22nd. Morgan Stanley decreased their target price on BorgWarner from $34.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday, June 9th. CLSA initiated coverage on BorgWarner in a report on Thursday, June 22nd. They set a “hold” rating and a $45.00 target price on the stock. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $54.00 price target on shares of BorgWarner in a report on Wednesday, May 31st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $41.56.
Shares of BorgWarner (BWA) opened at 46.74 on Monday. BorgWarner has a 52 week low of $31.49 and a 52 week high of $48.03. The company’s 50 day moving average is $43.93 and its 200-day moving average is $41.94. The company has a market capitalization of $9.87 billion, a PE ratio of 52.11 and a beta of 1.71.
Several large investors have recently added to or reduced their stakes in BWA. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in BorgWarner during the first quarter worth approximately $105,000. Van ECK Associates Corp raised its stake in BorgWarner by 6.8% in the first quarter. Van ECK Associates Corp now owns 2,702 shares of the auto parts company’s stock worth $113,000 after buying an additional 171 shares in the last quarter. CENTRAL TRUST Co raised its stake in BorgWarner by 5.3% in the second quarter. CENTRAL TRUST Co now owns 2,679 shares of the auto parts company’s stock worth $114,000 after buying an additional 135 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in BorgWarner by 13.7% in the first quarter. SRS Capital Advisors Inc. now owns 2,929 shares of the auto parts company’s stock worth $122,000 after buying an additional 354 shares in the last quarter. Finally, Whittier Trust Co. raised its stake in BorgWarner by 6.4% in the first quarter. Whittier Trust Co. now owns 3,165 shares of the auto parts company’s stock worth $132,000 after buying an additional 189 shares in the last quarter. 91.65% of the stock is currently owned by institutional investors.
In other news, insider Ronald T. Hundzinski sold 3,776 shares of the firm’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $41.53, for a total transaction of $156,817.28. Following the sale, the insider now owns 141,958 shares of the company’s stock, valued at $5,895,515.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dennis C. Cuneo sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $44.06, for a total value of $44,060.00. Following the sale, the director now directly owns 13,398 shares in the company, valued at approximately $590,315.88. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.20%. The ex-dividend date is Wednesday, August 30th. BorgWarner’s payout ratio is 62.92%.
BorgWarner Company Profile
BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.
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