Gabelli Comments on BorgWarner Inc.’s FY2018 Earnings (BWA)

BorgWarner Inc. (NYSE:BWA) – Research analysts at Gabelli upped their FY2018 earnings per share (EPS) estimates for shares of BorgWarner in a report released on Monday. Gabelli analyst B. Sponheimer now expects that the auto parts company will post earnings of $4.35 per share for the year, up from their previous estimate of $4.25. Gabelli also issued estimates for BorgWarner’s FY2019 earnings at $4.75 EPS, FY2020 earnings at $5.10 EPS, FY2021 earnings at $5.45 EPS and FY2022 earnings at $5.75 EPS.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of BorgWarner from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Tuesday, December 26th. Royal Bank of Canada reiterated a “hold” rating and issued a $61.00 price objective on shares of BorgWarner in a report on Wednesday, December 20th. Oppenheimer began coverage on shares of BorgWarner in a report on Thursday, December 7th. They issued an “outperform” rating and a $63.00 price objective for the company. Citigroup upped their price objective on shares of BorgWarner from $50.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Finally, Barclays set a $50.00 price objective on shares of BorgWarner and gave the stock a “hold” rating in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. BorgWarner presently has an average rating of “Hold” and an average price target of $52.59.

BorgWarner (NYSE BWA) traded down $0.95 during trading on Tuesday, hitting $52.02. 510,976 shares of the stock traded hands, compared to its average volume of 1,559,560. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.46. BorgWarner has a fifty-two week low of $37.54 and a fifty-two week high of $58.22. The stock has a market cap of $11,077.04, a PE ratio of 25.59, a P/E/G ratio of 1.44 and a beta of 1.82.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, February 8th. The auto parts company reported $1.07 EPS for the quarter, beating the 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 business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the previous year, the company posted $0.85 EPS. BorgWarner’s revenue was up 14.5% on a year-over-year basis.

A number of institutional investors have recently added to or reduced their stakes in BWA. Cerebellum GP LLC acquired a new position in BorgWarner during the 4th quarter worth $119,000. Advisors Preferred LLC acquired a new position in shares of BorgWarner during the fourth quarter valued at about $119,000. Calton & Associates Inc. acquired a new position in shares of BorgWarner during the fourth quarter valued at about $150,000. Zeke Capital Advisors LLC acquired a new position in shares of BorgWarner during the third quarter valued at about $201,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in shares of BorgWarner during the third quarter valued at about $202,000. 96.25% of the stock is owned by hedge funds and other institutional investors.

In other BorgWarner news, EVP John J. Gasparovic sold 38,409 shares of the business’s 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 transaction, the executive vice president now owns 63,937 shares of the company’s stock, valued at approximately $3,363,086.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Joel Wiegert sold 1,400 shares of the business’s 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 transaction, the vice president now directly owns 16,197 shares of the company’s stock, valued at approximately $847,912.95. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Wednesday, February 28th. BorgWarner’s dividend payout ratio is 32.85%.

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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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