BorgWarner (BWA) Posts Earnings Results, Beats Estimates By $0.01 EPS

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.



A number of research analysts recently weighed in on BWA shares. Royal Bank of Canada dropped their price objective on shares of BorgWarner to $49.00 and set a “positive” rating for the company in a report on Wednesday, September 19th. ValuEngine cut shares of BorgWarner from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Oppenheimer dropped their price objective on shares of BorgWarner from $58.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, July 23rd. Buckingham Research dropped their price objective on shares of BorgWarner from $55.00 to $48.00 and set a “neutral” rating for the company in a report on Wednesday, October 3rd. Finally, Citigroup dropped their price objective on shares of BorgWarner from $52.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, October 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $54.38.

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 for BorgWarner (NYSE:BWA)

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