BorgWarner (BWA) Issues FY18 Earnings Guidance

BorgWarner (NYSE:BWA) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $4.25-4.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.34. The company issued revenue guidance of $10.52-10.69 billion, compared to the consensus revenue estimate of $10.55 billion.BorgWarner also updated its Q1 guidance to $0.99-1.03 EPS.

Several brokerages have commented on BWA. ValuEngine raised shares of BorgWarner from a hold rating to a buy rating in a research note on Friday, February 2nd. Barclays reissued a hold rating and set a $58.00 price objective on shares of BorgWarner in a research report on Sunday, January 21st. Zacks Investment Research downgraded shares of BorgWarner from a buy rating to a hold rating in a research report on Thursday, January 18th. Royal Bank of Canada reissued a hold rating and set a $61.00 price objective on shares of BorgWarner in a research report on Wednesday, December 20th. Finally, Oppenheimer assumed coverage on shares of BorgWarner in a research report on Thursday, December 7th. They set an outperform rating and a $63.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $52.38.

BorgWarner (NYSE BWA) opened at $55.00 on Thursday. The firm has a market cap of $11,419.01, a price-to-earnings ratio of 39.86, a P/E/G ratio of 1.48 and a beta of 1.82. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 1.10. BorgWarner has a 12-month low of $37.54 and a 12-month high of $58.22.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, February 8th. The auto parts company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.06. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.53 billion. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 earnings per share. equities analysts forecast that BorgWarner will post 3.84 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.24%. BorgWarner’s dividend payout ratio is currently 49.28%.

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

Earnings History and Estimates for BorgWarner (NYSE:BWA)

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