BorgWarner (BWA) Announces Quarterly Earnings, Beats Estimates By $0.08 EPS
BorgWarner (NYSE:BWA) posted its quarterly earnings results on Wednesday. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.08, American Banking & Market News reports. 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.
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 Friday, February 14th. They now have a $60.00 price target on the stock. On the ratings front, analysts at Deutsche Bank reiterated a “hold” rating on shares of BorgWarner in a research note on Friday, February 14th. They now have a $53.00 price target on the stock, up previously from $49.00. Finally, analysts at Gabelli upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. BorgWarner presently has an average rating of “Buy” and a consensus price target of $85.33.
Shares of BorgWarner (NYSE:BWA) opened at 58.10 on Wednesday. BorgWarner has a 1-year low of $35.215 and a 1-year high of $58.48. The stock has a 50-day moving average of $55.13 and a 200-day moving average of $52.20. The company has a market cap of $13.244 billion and a P/E ratio of 21.47.
BorgWarner Inc is a global supplier of engineered automotive systems and components primarily for powertrain applications.
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