$2.49 Billion in Sales Expected for BorgWarner Inc. (BWA) This Quarter

Equities research analysts expect that BorgWarner Inc. (NYSE:BWA) will report $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 in the same quarter last year, which would suggest a positive year over year growth rate of 10.2%. The business is scheduled to issue its next earnings results before the market opens on Thursday, February 8th.

On average, analysts expect that BorgWarner will report full-year sales of $2.49 billion for the current fiscal year, with estimates ranging from $9.68 billion to $9.78 billion. For the next financial year, analysts anticipate that the firm will report sales of $10.48 billion per share, with estimates ranging from $10.41 billion to $10.58 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover BorgWarner.

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

A number of equities research analysts have weighed in on BWA shares. Zacks Investment Research upgraded BorgWarner from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Tuesday, December 26th. UBS Group lifted their target price on BorgWarner from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. KeyCorp lifted their target price on BorgWarner from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Deutsche Bank downgraded BorgWarner from a “buy” rating to a “hold” rating and set a $55.00 target price for the company. in a report on Thursday, October 12th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $61.00 target price on shares of BorgWarner in a report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $52.38.

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

Several large investors have recently made changes to their positions in the stock. MML Investors Services LLC boosted its position in shares of BorgWarner by 1.2% during the second quarter. MML Investors Services LLC now owns 7,407 shares of the auto parts company’s stock valued at $314,000 after buying an additional 91 shares during the last quarter. Sentry Investment Management LLC boosted its position in BorgWarner by 0.9% in the second quarter. Sentry Investment Management LLC now owns 13,520 shares of the auto parts company’s stock worth $573,000 after purchasing an additional 120 shares during the last quarter. Westover Capital Advisors LLC boosted its position in BorgWarner by 1.6% in the second quarter. Westover Capital Advisors LLC now owns 12,496 shares of the auto parts company’s stock worth $529,000 after purchasing an additional 200 shares during the last quarter. Scotia Capital Inc. boosted its position in BorgWarner by 2.6% in the second quarter. Scotia Capital Inc. now owns 12,973 shares of the auto parts company’s stock worth $550,000 after purchasing an additional 328 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its position in BorgWarner by 2.1% in the second quarter. D.A. Davidson & CO. now owns 25,570 shares of the auto parts company’s stock worth $1,083,000 after purchasing an additional 528 shares during the last quarter. 95.02% of the stock is currently owned by institutional investors.

Shares of BorgWarner (NYSE BWA) traded down $0.46 during mid-day trading on Tuesday, reaching $56.48. The company’s stock had a trading volume of 1,509,400 shares, compared to its average volume of 1,550,436. The company has a market capitalization of $11,910.00, a P/E ratio of 40.93, a P/E/G ratio of 1.57 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 1-year low of $37.54 and a 1-year high of $58.22.

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About BorgWarner

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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