Analysts expect that BorgWarner Inc. (NYSE:BWA) will report earnings of $1.02 per share for the current quarter, Zacks reports. Six analysts have made estimates for BorgWarner’s earnings, with the highest EPS estimate coming in at $1.06 and the lowest estimate coming in at $0.99. BorgWarner reported earnings per share of $0.91 in the same quarter last year, which would indicate a positive year over year growth rate of 12.1%. The company is expected to report its next earnings report on Thursday, April 26th.
According to Zacks, analysts expect that BorgWarner will report full year earnings of $4.28 per share for the current fiscal year, with EPS estimates ranging from $3.75 to $4.37. For the next fiscal year, analysts forecast that the company will report earnings of $4.72 per share, with EPS estimates ranging from $4.40 to $4.85. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover BorgWarner.
BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, February 8th. The auto parts company reported $1.07 EPS for the quarter, beating the Thomson Reuters’ 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 prior year, the firm earned $0.85 earnings per share. BorgWarner’s revenue was up 14.5% compared to the same quarter last year.
Shares of BorgWarner (BWA) opened at $50.77 on Tuesday. BorgWarner has a 52 week low of $37.54 and a 52 week high of $58.22. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.46. The company has a market cap of $10,690.00, a P/E ratio of 15.02, a PEG ratio of 1.26 and a beta of 1.86.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.17 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.34%. BorgWarner’s payout ratio is presently 20.12%.
In other BorgWarner 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 value of $2,020,313.40. Following the sale, the executive vice president now directly owns 63,937 shares in the company, valued at $3,363,086.20. The transaction was disclosed in a document filed with the SEC, which is available at 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 completion of 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. 0.66% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in BorgWarner by 11.7% in the fourth quarter. BlackRock Inc. now owns 17,343,810 shares of the auto parts company’s stock worth $886,092,000 after purchasing an additional 1,823,272 shares during the period. Victory Capital Management Inc. raised its holdings in BorgWarner by 5.3% in the fourth quarter. Victory Capital Management Inc. now owns 4,112,902 shares of the auto parts company’s stock worth $210,128,000 after purchasing an additional 208,103 shares during the period. LSV Asset Management raised its holdings in BorgWarner by 11.4% in the fourth quarter. LSV Asset Management now owns 3,794,087 shares of the auto parts company’s stock worth $193,839,000 after purchasing an additional 387,390 shares during the period. Cornerstone Investment Partners LLC raised its holdings in BorgWarner by 87.5% in the fourth quarter. Cornerstone Investment Partners LLC now owns 3,257,654 shares of the auto parts company’s stock worth $166,434,000 after purchasing an additional 1,519,785 shares during the period. Finally, Geode Capital Management LLC raised its holdings in BorgWarner by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 2,414,946 shares of the auto parts company’s stock worth $123,155,000 after purchasing an additional 157,162 shares during the period. Institutional investors own 95.71% of the company’s stock.
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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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