BorgWarner Inc. (BWA) Expected to Announce Earnings of $1.02 Per Share

Wall Street brokerages expect that BorgWarner Inc. (NYSE:BWA) will announce earnings of $1.02 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for BorgWarner’s earnings. The highest EPS estimate is $1.05 and the lowest is $1.00. BorgWarner reported earnings of $0.85 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 20%. The company is scheduled to report its next earnings results before the market opens on Thursday, February 8th.

On average, analysts expect that BorgWarner will report full-year earnings of $3.84 per share for the current financial year, with EPS estimates ranging from $3.80 to $3.87. For the next year, analysts expect that the business will post earnings of $4.18 per share, with EPS estimates ranging from $3.75 to $4.30. Zacks’ EPS calculations are an average based on a survey of analysts that follow BorgWarner.

BWA has been the subject of several analyst reports. Barclays restated a “hold” rating and set a $58.00 target price on shares of BorgWarner in a research report on Sunday, January 21st. ValuEngine upgraded BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered BorgWarner from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Buckingham Research boosted their target price on BorgWarner from $37.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Finally, BMO Capital Markets boosted their target price on BorgWarner from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $52.38.

In other news, VP Joel Wiegert sold 1,400 shares of BorgWarner stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $52.35, for a total transaction of $73,290.00. Following the transaction, the vice president now owns 16,197 shares in the company, valued at approximately $847,912.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John J. Gasparovic sold 38,409 shares of BorgWarner stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $52.60, for a total value of $2,020,313.40. Following the transaction, the executive vice president now owns 63,937 shares in the company, valued at approximately $3,363,086.20. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Several large investors have recently added to or reduced their stakes in BWA. Profund Advisors LLC bought a new position in shares of BorgWarner during the 2nd quarter valued at about $237,000. FMR LLC lifted its holdings in shares of BorgWarner by 19.1% during the 2nd quarter. FMR LLC now owns 274,923 shares of the auto parts company’s stock valued at $11,646,000 after purchasing an additional 44,121 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of BorgWarner by 38.7% during the 2nd quarter. Voya Investment Management LLC now owns 166,025 shares of the auto parts company’s stock valued at $7,032,000 after purchasing an additional 46,335 shares in the last quarter. Balyasny Asset Management LLC lifted its holdings in shares of BorgWarner by 117.9% during the 2nd quarter. Balyasny Asset Management LLC now owns 80,020 shares of the auto parts company’s stock valued at $3,390,000 after purchasing an additional 43,291 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of BorgWarner by 19.1% during the 2nd quarter. HighTower Advisors LLC now owns 31,348 shares of the auto parts company’s stock valued at $1,328,000 after purchasing an additional 5,038 shares in the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

Shares of BorgWarner (BWA) opened at $54.16 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.43 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $11,040.00, a PE ratio of 39.25, a P/E/G ratio of 1.49 and a beta of 1.81. BorgWarner has a 12-month low of $37.54 and a 12-month 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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