$0.81 EPS Expected for BorgWarner Inc. (NYSE:BWA) This Quarter

Wall Street analysts expect that BorgWarner Inc. (NYSE:BWA) will report $0.81 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for BorgWarner’s earnings. The highest EPS estimate is $0.94 and the lowest is $0.71. BorgWarner reported earnings of ($0.14) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 678.6%. The business is scheduled to report its next quarterly earnings results before the market opens on Wednesday, August 4th.

On average, analysts expect that BorgWarner will report full-year earnings of $4.16 per share for the current year, with EPS estimates ranging from $3.91 to $4.35. For the next fiscal year, analysts anticipate that the company will post earnings of $4.92 per share, with EPS estimates ranging from $4.17 to $5.45. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for BorgWarner.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Tuesday, May 4th. The auto parts company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.29. BorgWarner had a return on equity of 12.53% and a net margin of 3.67%. The company had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the prior year, the firm earned $0.77 earnings per share. The firm’s revenue was up 75.9% compared to the same quarter last year.

A number of research analysts have commented on BWA shares. Morgan Stanley upped their price target on BorgWarner from $29.00 to $31.00 and gave the stock an “underweight” rating in a research note on Thursday, May 13th. Oppenheimer reaffirmed a “buy” rating and set a $54.00 price objective on shares of BorgWarner in a research report on Wednesday, April 21st. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $58.00 target price on shares of BorgWarner in a report on Wednesday, March 24th. Robert W. Baird increased their target price on BorgWarner from $53.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, June 9th. They noted that the move was a valuation call. Finally, Barclays dropped their target price on BorgWarner from $53.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. BorgWarner currently has a consensus rating of “Buy” and a consensus target price of $49.07.

NYSE:BWA traded down $1.03 during trading hours on Thursday, reaching $46.45. 78,182 shares of the stock were exchanged, compared to its average volume of 1,580,881. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.68 and a quick ratio of 1.33. The stock has a 50-day simple moving average of $49.86. BorgWarner has a twelve month low of $34.30 and a twelve month high of $55.55. The stock has a market cap of $11.14 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 0.86 and a beta of 1.55.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 15th. Shareholders of record on Tuesday, June 1st were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.46%. The ex-dividend date was Friday, May 28th. BorgWarner’s dividend payout ratio is 24.64%.

In other news, VP Paul Arthur Farrell sold 7,241 shares of the stock in a transaction on Friday, May 7th. The shares were sold at an average price of $52.51, for a total value of $380,224.91. Following the completion of the transaction, the vice president now owns 22,352 shares in the company, valued at approximately $1,173,703.52. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Alexis P. Michas sold 9,994 shares of the stock in a transaction on Friday, May 14th. The shares were sold at an average price of $51.30, for a total transaction of $512,692.20. Following the completion of the transaction, the director now owns 76,121 shares of the company’s stock, valued at approximately $3,905,007.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 111,362 shares of company stock valued at $5,796,851. Insiders own 0.36% of the company’s stock.

Several institutional investors have recently made changes to their positions in BWA. Valley Brook Capital Group acquired a new stake in BorgWarner in the 4th quarter valued at about $29,000. Harvest Fund Management Co. Ltd bought a new position in BorgWarner during the 1st quarter worth approximately $31,000. Cranbrook Wealth Management LLC bought a new position in BorgWarner during the 1st quarter worth approximately $39,000. Allred Capital Management LLC bought a new position in BorgWarner during the 1st quarter worth approximately $41,000. Finally, Huntington National Bank boosted its stake in BorgWarner by 24.7% during the 1st quarter. Huntington National Bank now owns 1,177 shares of the auto parts company’s stock worth $55,000 after acquiring an additional 233 shares during the last quarter. Institutional investors and hedge funds own 92.82% of the company’s stock.

BorgWarner Company Profile

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. The company's Engine segment offers turbocharger and turbocharger actuators; 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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