BorgWarner Inc. (NYSE:BWA) – Investment analysts at Jefferies Group issued their Q2 2018 earnings estimates for shares of BorgWarner in a note issued to investors on Monday. Jefferies Group analyst D. Kelley expects that the auto parts company will post earnings per share of $1.08 for the quarter.
BWA has been the topic of several other reports. Barclays set a $50.00 price objective on shares of BorgWarner and gave the stock a “hold” rating in a research report on Friday, October 20th. Royal Bank of Canada upgraded shares of BorgWarner from a “sector perform” rating to an “outperform” rating in a research report on Friday, February 9th. Wells Fargo & Co boosted their price objective on shares of BorgWarner from $55.00 to $56.00 and gave the stock a “market perform” rating in a research report on Friday, February 9th. Citigroup upped their target price on shares of BorgWarner from $50.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Finally, Zacks Investment Research upgraded shares of BorgWarner from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $52.59.
BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, February 8th. The auto parts company reported $1.07 EPS for the quarter, topping 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 analyst estimates of $2.53 billion. During the same period in the previous year, the firm earned $0.85 EPS. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year.
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 issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. BorgWarner’s dividend payout ratio (DPR) is 32.85%.
In other news, EVP John J. Gasparovic sold 38,409 shares of the company’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 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 filing with the SEC, which is available at this hyperlink. Also, VP Joel Wiegert sold 1,400 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were 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. Corporate insiders own 0.66% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Preferred LLC acquired a new position in shares of BorgWarner during the 4th quarter valued at about $119,000. Cerebellum GP LLC acquired a new position in shares of BorgWarner during the 4th quarter valued at about $119,000. Calton & Associates Inc. acquired a new position in shares of BorgWarner during the 4th quarter valued at about $150,000. Zeke Capital Advisors LLC acquired a new position in shares of BorgWarner during the 3rd quarter valued at about $201,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in shares of BorgWarner during the 3rd quarter valued at about $202,000. 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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