BorgWarner (BWA) Releases Earnings Results

BorgWarner (NYSE:BWA) announced its quarterly earnings data on Thursday. The auto parts company reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.06, Bloomberg Earnings reports. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the prior year, the firm posted $0.85 EPS. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. BorgWarner updated its Q1 guidance to $0.99-1.03 EPS and its FY18 guidance to $4.25-4.35 EPS.

Shares of BorgWarner (NYSE BWA) traded down $1.46 during trading on Thursday, hitting $53.54. 1,974,526 shares of the stock traded hands, compared to its average volume of 1,466,932. BorgWarner has a fifty-two week low of $37.54 and a fifty-two week high of $58.22. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.43. The firm has a market cap of $11,419.01, a PE ratio of 38.09, a price-to-earnings-growth ratio of 1.48 and a beta of 1.82.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.27%. BorgWarner’s payout ratio is 49.28%.

In related news, EVP John J. Gasparovic sold 38,409 shares of the stock in a transaction on 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Joel Wiegert sold 1,400 shares of the stock in a transaction on 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. Corporate insiders own 0.66% of the company’s stock.

A number of large investors have recently modified their holdings of BWA. Cerebellum GP LLC acquired a new stake in BorgWarner during the 4th quarter worth $119,000. Calton & Associates Inc. acquired a new stake in BorgWarner during the 4th quarter worth $150,000. Zeke Capital Advisors LLC acquired a new stake in BorgWarner during the 3rd quarter worth $201,000. Dorsey & Whitney Trust CO LLC acquired a new stake in BorgWarner during the 3rd quarter worth $202,000. Finally, Rothschild Investment Corp IL acquired a new stake in BorgWarner during the 3rd quarter worth $205,000. Hedge funds and other institutional investors own 95.13% of the company’s stock.

A number of equities research analysts have commented on the stock. Barclays reissued a “hold” rating and issued a $58.00 price objective on shares of BorgWarner in a research report on Sunday, January 21st. ValuEngine raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Buckingham Research increased their price objective on shares of BorgWarner from $37.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. Finally, BMO Capital Markets increased their price objective on shares of BorgWarner from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $52.38.

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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 for BorgWarner (NYSE:BWA)

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