BorgWarner Inc. (BWA) Releases FY14 Earnings Guidance
BorgWarner Inc. (NYSE:BWA) issued an update on its FY14 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.25-3.35 for the period, compared to the Thomson Reuters consensus estimate of $3.34, AnalystRatings.Net reports.
Shares of BorgWarner Inc. (NYSE:BWA) opened at 64.50 on Thursday. BorgWarner Inc. has a one year low of $47.12 and a one year high of $67.49. The stock has a 50-day moving average of $65.43 and a 200-day moving average of $61.33. The company has a market cap of $14.746 billion and a price-to-earnings ratio of 23.20.
BorgWarner (NYSE:BWA) last released its earnings data on Thursday, July 31st. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.87 by $0.02. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Analysts expect that BorgWarner Inc. will post $3.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, August 28th. This is an increase from BorgWarner’s previous quarterly dividend of $0.13.
BWA has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of BorgWarner from $70.00 to $73.00 in a research note on Tuesday, July 22nd. They now have an overweight rating on the stock. On a related note, analysts at Zacks reiterated a neutral rating on shares of BorgWarner in a research note on Friday, July 18th. They now have a $67.00 price target on the stock. Finally, analysts at KeyCorp reiterated a buy rating on shares of BorgWarner in a research note on Thursday, July 17th. They now have a $76.00 price target on the stock, up previously from $67.00. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $74.45.
BorgWarner Inc, is a global supplier of engineered automotive systems and components primarily for powertrain applications.
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