BorgWarner Inc. (BWA) Scheduled to Post Earnings on Thursday
BorgWarner Inc. (NYSE:BWA) will post its quarterly earnings results on Thursday, July 27th. Analysts expect BorgWarner to post earnings of $0.89 per share for the quarter. BorgWarner has set its Q2 guidance at $0.87-0.91 EPS.
BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, April 27th. The auto parts company reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.07. BorgWarner had a return on equity of 20.10% and a net margin of 1.56%. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. On average, analysts expect BorgWarner to post $3.57 EPS for the current fiscal year and $3.83 EPS for the next fiscal year.
Shares of BorgWarner Inc. (NYSE BWA) opened at 46.76 on Thursday. The stock’s 50 day moving average price is $43.37 and its 200-day moving average price is $41.62. The firm has a market cap of $9.92 billion, a PE ratio of 69.58 and a beta of 1.72. BorgWarner Inc. has a 52-week low of $31.49 and a 52-week high of $46.79.
In other BorgWarner news, Director Dennis C. Cuneo sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $44.06, for a total value of $44,060.00. Following the sale, the director now owns 13,398 shares in the company, valued at $590,315.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ronald T. Hundzinski sold 3,776 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $41.53, for a total transaction of $156,817.28. Following the completion of the sale, the insider now owns 141,958 shares in the company, valued at approximately $5,895,515.74. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.
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A number of brokerages have recently issued reports on BWA. Jefferies Group LLC restated a “buy” rating and issued a $50.00 target price on shares of BorgWarner in a research note on Wednesday, May 31st. Royal Bank Of Canada restated a “hold” rating and issued a $44.00 target price on shares of BorgWarner in a research note on Wednesday, July 12th. Guggenheim began coverage on shares of BorgWarner in a research note on Wednesday, June 21st. They issued a “neutral” rating and a $45.00 target price on the stock. Zacks Investment Research lowered shares of BorgWarner from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, BidaskClub upgraded shares of BorgWarner from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. BorgWarner has an average rating of “Hold” and an average price target of $41.25.
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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