BorgWarner Inc. (BWA) Releases FY14 Earnings Guidance
BorgWarner Inc. (NYSE:BWA) updated its FY14 earnings guidance on Thursday. The company provided EPS guidance of $3.10-3.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.24, AnalystRatings.NET reports.
A number of research firms have recently commented on BWA. Analysts at Zacks reiterated a neutral rating on shares of BorgWarner in a research note on Wednesday, January 29th. They now have a $57.00 price target on the stock. On a related note, analysts at Ned Davis Research upgraded shares of BorgWarner from a neutral rating to a buy rating in a research note on Tuesday, January 21st. Finally, analysts at Ned Davis Research downgraded shares of BorgWarner from a buy rating to a neutral rating in a research note on Monday, December 30th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. BorgWarner currently has a consensus rating of Hold and a consensus target price of $93.08.
Shares of BorgWarner Inc. (NYSE:BWA) traded up 2.69% on Thursday, hitting $56.93. The stock had a trading volume of 1,042,645 shares. BorgWarner Inc. has a 52 week low of $35.215 and a 52 week high of $57.29. The stock has a 50-day moving average of $54.97 and a 200-day moving average of $51.93. The company has a market cap of $12.955 billion and a price-to-earnings ratio of 21.39.
BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.08. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts predict that BorgWarner Inc. will post $2.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, February 17th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Thursday, January 30th.
BorgWarner Inc is a global supplier of engineered automotive systems and components primarily for powertrain applications.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.