BorgWarner Inc. (NYSE:BWA) – Equities researchers at Oppenheimer issued their FY2017 earnings per share (EPS) estimates for BorgWarner in a report issued on Wednesday, according to Zacks Investment Research. Oppenheimer analyst N. Kaye forecasts that the auto parts company will post earnings per share of $3.82 for the year. Oppenheimer currently has a “Outperform” rating and a $63.00 price target on the stock. Oppenheimer also issued estimates for BorgWarner’s Q4 2017 earnings at $1.00 EPS, Q1 2018 earnings at $1.04 EPS, Q2 2018 earnings at $1.05 EPS, Q3 2018 earnings at $1.03 EPS, Q4 2018 earnings at $1.11 EPS, FY2018 earnings at $4.24 EPS, FY2019 earnings at $4.65 EPS and FY2020 earnings at $5.07 EPS.
A number of other brokerages have also recently weighed in on BWA. KeyCorp raised their target price on shares of BorgWarner from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Citigroup raised their target price on shares of BorgWarner from $50.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Zacks Investment Research cut shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. BMO Capital Markets restated an “outperform” rating on shares of BorgWarner in a research report on Tuesday, September 12th. Finally, UBS Group upped their price target on shares of BorgWarner from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $51.12.
Shares of BorgWarner (BWA) traded up $0.69 during trading hours on Monday, reaching $51.78. 1,186,400 shares of the company were exchanged, compared to its average volume of 994,750. The company has a market capitalization of $10,920.00, a PE ratio of 37.52, a price-to-earnings-growth ratio of 1.55 and a beta of 1.75. BorgWarner has a 1 year low of $37.54 and a 1 year high of $55.86. The company has a quick ratio of 1.10, a current ratio of 1.43 and a debt-to-equity ratio of 0.53.
BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.07. The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.26 billion. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm posted $0.78 earnings per share.
Several institutional investors have recently added to or reduced their stakes in BWA. Pacer Advisors Inc. raised its holdings in shares of BorgWarner by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 4,433 shares of the auto parts company’s stock valued at $188,000 after purchasing an additional 341 shares in the last quarter. Zeke Capital Advisors LLC bought a new position in shares of BorgWarner during the 3rd quarter valued at $201,000. Dorsey & Whitney Trust CO LLC bought a new position in shares of BorgWarner during the 3rd quarter valued at $202,000. Rothschild Investment Corp IL acquired a new position in BorgWarner in the 3rd quarter valued at $205,000. Finally, Obermeyer Wood Investment Counsel Lllp grew its stake in BorgWarner by 2.5% in the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 4,921 shares of the auto parts company’s stock valued at $208,000 after buying an additional 121 shares during the last quarter. Institutional investors and hedge funds own 95.15% of the company’s stock.
In other news, EVP John J. Gasparovic sold 38,409 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $52.60, for a total transaction of $2,020,313.40. Following the transaction, the executive vice president now owns 63,937 shares in the company, valued at approximately $3,363,086.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Joel Wiegert sold 1,400 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $52.35, for a total transaction of $73,290.00. Following the transaction, the vice president now owns 16,197 shares in the company, valued at approximately $847,912.95. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a $0.17 dividend. This is an increase from BorgWarner’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, November 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.31%. BorgWarner’s dividend payout ratio is presently 49.28%.
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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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