Wall Street brokerages forecast that BorgWarner Inc. (NYSE:BWA) will post earnings per share of $0.87 for the current quarter, according to Zacks. Seven analysts have made estimates for BorgWarner’s earnings. The highest EPS estimate is $0.89 and the lowest is $0.86. BorgWarner posted earnings per share of $0.78 in the same quarter last year, which suggests a positive year-over-year growth rate of 11.5%. The company is scheduled to announce its next quarterly earnings results before the market opens on Thursday, October 26th.

On average, analysts expect that BorgWarner will report full-year earnings of $3.70 per share for the current fiscal year, with EPS estimates ranging from $3.65 to $3.74. For the next financial year, analysts expect that the firm will report earnings of $3.93 per share, with EPS estimates ranging from $3.61 to $4.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover BorgWarner.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, July 27th. The auto parts company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.07. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.27 billion. BorgWarner had a return on equity of 20.75% and a net margin of 2.06%. BorgWarner’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share.

Several research analysts have weighed in on the stock. UBS AG upped their target price on shares of BorgWarner from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday. Buckingham Research upped their price target on shares of BorgWarner from $37.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday. Zacks Investment Research raised shares of BorgWarner from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Tuesday, October 17th. Barclays PLC set a $50.00 price target on shares of BorgWarner and gave the company a “hold” rating in a report on Friday. Finally, Deutsche Bank AG downgraded shares of BorgWarner from a “buy” rating to a “hold” rating and set a $55.00 price target on the stock. in a report on Thursday, October 12th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $46.76.

Shares of BorgWarner (NYSE BWA) opened at 52.20 on Monday. The firm’s 50-day moving average price is $50.00 and its 200-day moving average price is $44.68. The stock has a market cap of $11.02 billion, a price-to-earnings ratio of 58.19 and a beta of 1.76. BorgWarner has a 12-month low of $33.09 and a 12-month high of $52.77.

In related news, insider Brady D. Ericson sold 11,052 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $45.38, for a total transaction of $501,539.76. Following the completion of the transaction, the insider now owns 23,418 shares of the company’s stock, valued at $1,062,708.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tonit M. Calaway sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $44.99, for a total transaction of $134,970.00. Following the transaction, the executive vice president now directly owns 34,120 shares of the company’s stock, valued at approximately $1,535,058.80. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

A number of hedge funds have recently modified their holdings of BWA. Goldman Sachs Group Inc. increased its position in BorgWarner by 108.2% during the second quarter. Goldman Sachs Group Inc. now owns 2,496,736 shares of the auto parts company’s stock worth $105,762,000 after purchasing an additional 1,297,584 shares during the last quarter. Black Creek Investment Management Inc. increased its position in BorgWarner by 32.5% during the second quarter. Black Creek Investment Management Inc. now owns 2,664,249 shares of the auto parts company’s stock worth $112,858,000 after purchasing an additional 653,574 shares during the last quarter. Victory Capital Management Inc. increased its position in BorgWarner by 16.1% during the second quarter. Victory Capital Management Inc. now owns 3,854,638 shares of the auto parts company’s stock worth $163,282,000 after purchasing an additional 533,701 shares during the last quarter. Strs Ohio increased its position in BorgWarner by 3,368.8% during the second quarter. Strs Ohio now owns 548,001 shares of the auto parts company’s stock worth $23,213,000 after purchasing an additional 532,203 shares during the last quarter. Finally, PGGM Investments increased its position in BorgWarner by 354.9% during the second quarter. PGGM Investments now owns 628,426 shares of the auto parts company’s stock worth $26,620,000 after purchasing an additional 490,275 shares during the last quarter. 91.06% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Brokerages Anticipate BorgWarner Inc. (BWA) Will Post Earnings of $0.87 Per Share” was first published by American Banking News and is the property of of American Banking News. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/10/23/brokerages-anticipate-borgwarner-inc-bwa-will-post-earnings-of-0-87-per-share.html.

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.

Get a free copy of the Zacks research report on BorgWarner (BWA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for BorgWarner (NYSE:BWA)

Receive News & Ratings for BorgWarner Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner Inc. and related companies with MarketBeat.com's FREE daily email newsletter.