BorgWarner Inc. (NYSE:BWA) – Equities researchers at Jefferies Group boosted their Q1 2018 earnings estimates for BorgWarner in a research report issued to clients and investors on Monday. Jefferies Group analyst D. Kelley now forecasts that the auto parts company will post earnings of $1.03 per share for the quarter, up from their previous estimate of $1.01. Jefferies Group also issued estimates for BorgWarner’s Q3 2018 earnings at $1.04 EPS, Q4 2018 earnings at $1.19 EPS, FY2018 earnings at $4.34 EPS, FY2019 earnings at $4.79 EPS and FY2020 earnings at $5.32 EPS.
BWA has been the subject of a number of other reports. Zacks Investment Research lowered BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. BMO Capital Markets raised their price target on BorgWarner from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, October 30th. Barclays reaffirmed a “hold” rating and issued a $58.00 price target on shares of BorgWarner in a report on Sunday, January 21st. ValuEngine raised BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Buckingham Research raised their price target on BorgWarner from $37.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus 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 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.06. BorgWarner had a return on equity of 21.92% and a net margin of 4.49%. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period last year, the company earned $0.85 earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.28%. The ex-dividend date is Wednesday, February 28th. BorgWarner’s dividend payout ratio is 32.85%.
In related news, EVP John J. Gasparovic sold 38,409 shares of BorgWarner stock in a transaction on Monday, December 18th. The stock was 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 of the company’s stock, valued at $3,363,086.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Joel Wiegert sold 1,400 shares of BorgWarner stock in a transaction on Monday, December 18th. The shares were sold at an average price of $52.35, for a total value of $73,290.00. Following the sale, 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 currently owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in BorgWarner by 11.7% during the fourth quarter. BlackRock Inc. now owns 17,343,810 shares of the auto parts company’s stock valued at $886,092,000 after purchasing an additional 1,823,272 shares in the last quarter. Cornerstone Investment Partners LLC raised its position in BorgWarner by 87.5% during the fourth quarter. Cornerstone Investment Partners LLC now owns 3,257,654 shares of the auto parts company’s stock valued at $166,434,000 after purchasing an additional 1,519,785 shares in the last quarter. Prudential Financial Inc. raised its position in BorgWarner by 154.3% during the third quarter. Prudential Financial Inc. now owns 2,076,392 shares of the auto parts company’s stock valued at $106,373,000 after purchasing an additional 1,259,970 shares in the last quarter. American Century Companies Inc. raised its position in BorgWarner by 245.4% during the fourth quarter. American Century Companies Inc. now owns 1,711,638 shares of the auto parts company’s stock valued at $87,448,000 after purchasing an additional 1,216,102 shares in the last quarter. Finally, Rothschild Asset Management Inc. purchased a new stake in BorgWarner during the third quarter valued at about $56,713,000. 96.25% of the stock is owned by institutional investors.
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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