BorgWarner Inc. (NYSE:BWA) – Equities researchers at Jefferies Group lifted their Q3 2017 earnings estimates for BorgWarner in a research report issued to clients and investors on Tuesday. Jefferies Group analyst D. Kelley now forecasts that the auto parts company will earn $0.90 per share for the quarter, up from their previous forecast of $0.86. Jefferies Group currently has a “Buy” rating and a $56.00 target price on the stock. Jefferies Group also issued estimates for BorgWarner’s Q4 2017 earnings at $0.99 EPS, FY2017 earnings at $3.76 EPS, Q1 2018 earnings at $1.01 EPS, Q3 2018 earnings at $0.95 EPS, Q4 2018 earnings at $1.08 EPS, FY2018 earnings at $4.03 EPS, FY2019 earnings at $4.51 EPS and FY2020 earnings at $5.14 EPS.

A number of other equities research analysts have also weighed in on the stock. Barclays PLC set a $50.00 price objective on shares of BorgWarner and gave the stock a “hold” rating in a report on Friday, October 20th. Buckingham Research lifted their target price on shares of BorgWarner from $37.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. UBS AG lifted their target price on shares of BorgWarner from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Zacks Investment Research raised shares of BorgWarner from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Tuesday, October 17th. Finally, KeyCorp lifted their target price on shares of BorgWarner from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $46.76.

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BorgWarner (NYSE BWA) opened at 52.75 on Wednesday. The company’s 50-day moving average is $50.23 and its 200-day moving average is $44.98. The firm has a market capitalization of $11.13 billion, a PE ratio of 58.81 and a beta of 1.76. BorgWarner has a 52-week low of $33.09 and a 52-week high of $53.28.

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

A number of institutional investors have recently made changes to their positions in BWA. CENTRAL TRUST Co boosted its stake in BorgWarner by 5.3% in the 2nd quarter. CENTRAL TRUST Co now owns 2,679 shares of the auto parts company’s stock worth $114,000 after purchasing an additional 135 shares in the last quarter. Exane Derivatives bought a new position in BorgWarner in the 2nd quarter worth about $135,000. Global X Management Co. LLC boosted its stake in BorgWarner by 29.9% in the 1st quarter. Global X Management Co. LLC now owns 3,694 shares of the auto parts company’s stock worth $154,000 after purchasing an additional 851 shares in the last quarter. Pacer Advisors Inc. boosted its stake in BorgWarner by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 4,433 shares of the auto parts company’s stock worth $188,000 after purchasing an additional 341 shares in the last quarter. Finally, Obermeyer Wood Investment Counsel Lllp boosted its stake in BorgWarner by 2.5% in the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 4,921 shares of the auto parts company’s stock worth $208,000 after purchasing an additional 121 shares in the last quarter. Institutional investors own 92.29% of the company’s stock.

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

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.

Earnings History and Estimates for BorgWarner (NYSE:BWA)

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