BorgWarner Inc. (BWA) Expected to Announce Quarterly Sales of $2.49 Billion

Analysts predict that BorgWarner Inc. (NYSE:BWA) will announce $2.49 billion in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for BorgWarner’s earnings. The lowest sales estimate is $2.47 billion and the highest is $2.52 billion. BorgWarner reported sales of $2.26 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.2%. The firm is scheduled to report its next quarterly earnings results 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 $9.68 billion to $9.71 billion. For the next year, analysts forecast that the company will post sales of $10.39 billion per share, with estimates ranging from $10.21 billion to $10.58 billion. Zacks’ sales calculations are an average based on a survey of research analysts that follow BorgWarner.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.07. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the firm posted $0.78 EPS. The company’s revenue was up 9.1% on a year-over-year basis.

A number of research firms recently weighed in on BWA. Zacks Investment Research lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday. BMO Capital Markets reissued an “outperform” rating on shares of BorgWarner in a report on Tuesday, September 12th. Buckingham Research raised their target price on shares of BorgWarner from $37.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. UBS Group raised their target price on shares of BorgWarner from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, Oppenheimer began coverage on shares of BorgWarner in a report on Thursday, December 7th. They issued an “outperform” rating and a $63.00 target price for the company. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $51.69.

BorgWarner (NYSE BWA) opened at $55.29 on Friday. BorgWarner has a fifty-two week low of $37.54 and a fifty-two week high of $55.86. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 1.10. The firm has a market cap of $11,660.00, a price-to-earnings ratio of 40.07, a P/E/G ratio of 1.47 and a beta of 1.76.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This is an increase from BorgWarner’s previous quarterly dividend of $0.14. This represents a $0.68 dividend on an annualized basis and a yield of 1.23%. BorgWarner’s dividend payout ratio (DPR) is currently 49.28%.

In related news, EVP John J. Gasparovic sold 38,409 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $52.60, for a total value of $2,020,313.40. Following the completion of the sale, the executive vice president now directly owns 63,937 shares in the company, valued at $3,363,086.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Joel Wiegert sold 1,400 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $52.35, for a total value of $73,290.00. Following the completion of the sale, the vice president now owns 16,197 shares of the company’s stock, valued at $847,912.95. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in BorgWarner by 1.5% in the second quarter. Vanguard Group Inc. now owns 20,470,428 shares of the auto parts company’s stock worth $867,128,000 after buying an additional 308,140 shares during the last quarter. Boston Partners lifted its position in BorgWarner by 7.2% in the third quarter. Boston Partners now owns 11,588,389 shares of the auto parts company’s stock worth $593,672,000 after buying an additional 777,782 shares during the last quarter. Victory Capital Management Inc. lifted its position in BorgWarner by 1.3% in the third quarter. Victory Capital Management Inc. now owns 3,904,799 shares of the auto parts company’s stock worth $200,044,000 after buying an additional 50,161 shares during the last quarter. Kiltearn Partners LLP lifted its position in BorgWarner by 0.9% in the second quarter. Kiltearn Partners LLP now owns 3,152,452 shares of the auto parts company’s stock worth $133,538,000 after buying an additional 28,300 shares during the last quarter. Finally, Black Creek Investment Management Inc. lifted its position in BorgWarner by 32.5% in 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 buying an additional 653,574 shares during the last quarter. Institutional investors own 95.15% of the company’s stock.

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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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