Equities analysts predict that BorgWarner Inc. (NYSE:BWA) will report $2.49 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for BorgWarner’s earnings, with estimates ranging from $2.46 billion to $2.52 billion. BorgWarner reported sales of $2.26 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.2%. The company is expected to issue its next earnings report on Thursday, February 8th.

According to Zacks, analysts expect that BorgWarner will report full-year sales of $2.49 billion for the current year, with estimates ranging from $9.33 billion to $9.71 billion. For the next financial year, analysts forecast that the company will report sales of $10.30 billion per share, with estimates ranging from $9.74 billion to $10.58 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for BorgWarner.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.07. The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.26 billion. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 earnings per share.

BWA has been the topic of several research reports. Zacks Investment Research upgraded BorgWarner from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Thursday, September 14th. Deutsche Bank boosted their price target on BorgWarner from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Jefferies Group reaffirmed a “buy” rating and issued a $56.00 price objective on shares of BorgWarner in a research note on Tuesday, August 29th. ValuEngine lowered BorgWarner from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $55.00 price objective on shares of BorgWarner in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. BorgWarner presently has an average rating of “Hold” and a consensus price target of $48.88.

A number of institutional investors and hedge funds have recently modified their holdings of BWA. Bank of Montreal Can lifted its stake in BorgWarner by 4.3% in the second quarter. Bank of Montreal Can now owns 95,380 shares of the auto parts company’s stock valued at $4,040,000 after buying an additional 3,970 shares during the period. Louisiana State Employees Retirement System lifted its stake in BorgWarner by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the auto parts company’s stock valued at $525,000 after buying an additional 100 shares during the period. Acadian Asset Management LLC acquired a new position in BorgWarner in the second quarter valued at approximately $718,000. NGAM Advisors L.P. lifted its stake in BorgWarner by 0.5% in the second quarter. NGAM Advisors L.P. now owns 85,627 shares of the auto parts company’s stock valued at $3,628,000 after buying an additional 428 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in BorgWarner by 57.3% in the second quarter. Janney Montgomery Scott LLC now owns 32,369 shares of the auto parts company’s stock valued at $1,371,000 after buying an additional 11,796 shares during the period. 94.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BorgWarner (NYSE:BWA) opened at $55.01 on Friday. The firm has a market capitalization of $11,739.49, a PE ratio of 15.17, a PEG ratio of 1.62 and a beta of 1.76. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.43. BorgWarner has a twelve month low of $35.74 and a twelve month high of $55.86.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.17 dividend. This is a positive change from BorgWarner’s previous quarterly dividend of $0.14. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, November 30th. BorgWarner’s payout ratio is currently 49.28%.

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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.

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Earnings History and Estimates for BorgWarner (NYSE:BWA)

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