BorgWarner Inc. (NYSE:BWA) – Stock analysts at Oppenheimer cut their Q1 2018 earnings per share (EPS) estimates for shares of BorgWarner in a research report issued to clients and investors on Friday. Oppenheimer analyst N. Kaye now forecasts that the auto parts company will earn $1.01 per share for the quarter, down from their previous forecast of $1.04. Oppenheimer has a “Outperform” rating and a $63.00 price target on the stock. Oppenheimer also issued estimates for BorgWarner’s Q2 2018 earnings at $1.03 EPS, Q3 2018 earnings at $1.05 EPS, Q4 2018 earnings at $1.18 EPS, FY2018 earnings at $4.27 EPS and FY2020 earnings at $5.10 EPS.
A number of other research analysts also recently issued reports on the stock. Wells Fargo & Co raised their price target on shares of BorgWarner from $55.00 to $56.00 and gave the stock a “market perform” rating in a research report on Friday. Royal Bank of Canada upgraded shares of BorgWarner from a “sector perform” rating to an “outperform” rating in a research report on Friday. ValuEngine upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Barclays reiterated a “hold” rating and issued a $58.00 price objective on shares of BorgWarner in a research report on Sunday, January 21st. Finally, Zacks Investment Research downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. BorgWarner has a consensus rating of “Hold” and an average price target of $52.59.
BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, February 8th. The auto parts company reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.06. BorgWarner had a net margin of 4.49% and a return on equity of 21.92%. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period last year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 14.5% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a $0.17 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.68 annualized dividend and a yield of 1.29%. BorgWarner’s dividend payout ratio is presently 32.85%.
In other BorgWarner news, EVP John J. Gasparovic sold 38,409 shares of the business’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 sale, the executive vice president now directly owns 63,937 shares in the company, valued at approximately $3,363,086.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Joel Wiegert sold 1,400 shares of the business’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 in the company, valued at $847,912.95. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Cerebellum GP LLC bought a new stake in shares of BorgWarner during the 4th quarter worth about $119,000. Calton & Associates Inc. bought a new stake in shares of BorgWarner during the 4th quarter worth about $150,000. Zeke Capital Advisors LLC bought a new stake in shares of BorgWarner during the 3rd quarter worth about $201,000. Dorsey & Whitney Trust CO LLC bought a new stake in shares of BorgWarner during the 3rd quarter worth about $202,000. Finally, Rothschild Investment Corp IL bought a new stake in shares of BorgWarner during the 3rd quarter worth about $205,000. Institutional investors own 95.13% of the company’s stock.
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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