BorgWarner (NYSE:BWA) announced its quarterly earnings data on Thursday. The auto parts company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.01, MarketWatch Earnings reports. The firm had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.45 billion. BorgWarner had a net margin of 5.11% and a return on equity of 22.83%. BorgWarner updated its FY 2018 guidance to $4.35-4.40 EPS and its Q4 2018 guidance to $1.07-1.12 EPS.
NYSE BWA traded up $0.25 on Friday, hitting $37.97. 223,396 shares of the stock were exchanged, compared to its average volume of 1,802,476. The company has a quick ratio of 1.23, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. BorgWarner has a fifty-two week low of $35.71 and a fifty-two week high of $58.22. The stock has a market capitalization of $7.65 billion, a PE ratio of 9.78, a price-to-earnings-growth ratio of 1.25 and a beta of 1.88.
In other BorgWarner news, VP Thomas J. Mcgill sold 3,260 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $44.55, for a total transaction of $145,233.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tonit M. Calaway sold 4,590 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $46.01, for a total transaction of $211,185.90. Following the transaction, the executive vice president now owns 34,982 shares of the company’s stock, valued at approximately $1,609,521.82. The disclosure for this sale can be found here. Insiders own 0.74% 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.
See Also: Stop Order
Receive News & Ratings for BorgWarner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner and related companies with MarketBeat.com's FREE daily email newsletter.