BorgWarner Inc. (NYSE:BWA) – Analysts at Seaport Global Securities lifted their Q3 2017 earnings per share (EPS) estimates for shares of BorgWarner in a research report issued to clients and investors on Monday. Seaport Global Securities analyst M. Ward now anticipates that the auto parts company will post earnings of $0.86 per share for the quarter, up from their prior forecast of $0.78. Seaport Global Securities also issued estimates for BorgWarner’s Q4 2017 earnings at $0.92 EPS and Q2 2018 earnings at $0.96 EPS.
Several other equities analysts have also recently issued reports on BWA. Jefferies Group LLC set a $48.00 price target on BorgWarner and gave the company a “buy” rating in a report on Thursday, April 6th. Zacks Investment Research upgraded BorgWarner from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Wednesday, April 12th. Deutsche Bank AG raised their price target on BorgWarner from $51.00 to $54.00 and gave the company a “buy” rating in a report on Friday, April 28th. TheStreet upgraded BorgWarner from a “c+” rating to a “b” rating in a report on Monday, May 1st. Finally, BMO Capital Markets raised their price target on BorgWarner from $48.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, May 1st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. BorgWarner has a consensus rating of “Hold” and a consensus price target of $41.56.
Shares of BorgWarner (NYSE BWA) opened at 45.83 on Wednesday. The firm has a 50-day moving average of $43.99 and a 200-day moving average of $41.98. BorgWarner has a one year low of $31.65 and a one year high of $48.03. The firm has a market capitalization of $9.67 billion, a P/E ratio of 51.09 and a beta of 1.73.
BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.07. BorgWarner had a net margin of 2.06% and a return on equity of 20.75%. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the company earned $0.84 EPS. BorgWarner’s revenue was up 2.5% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, August 30th. BorgWarner’s dividend payout ratio is presently 62.92%.
In related news, Director Dennis C. Cuneo sold 1,000 shares of BorgWarner stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $44.06, for a total value of $44,060.00. Following the sale, the director now owns 13,398 shares of the company’s stock, valued at approximately $590,315.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ronald T. Hundzinski sold 3,776 shares of BorgWarner stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $41.53, for a total value of $156,817.28. Following the completion of the sale, the insider now directly owns 141,958 shares in the company, valued at approximately $5,895,515.74. 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 made changes to their positions in the stock. First Bank & Trust raised its stake in shares of BorgWarner by 0.3% in the first quarter. First Bank & Trust now owns 4,126 shares of the auto parts company’s stock worth $173,000 after buying an additional 12 shares in the last quarter. Atria Investments LLC raised its position in BorgWarner by 0.8% in the first quarter. Atria Investments LLC now owns 5,456 shares of the auto parts company’s stock valued at $228,000 after buying an additional 43 shares during the period. CIBC Asset Management Inc raised its position in BorgWarner by 0.3% in the second quarter. CIBC Asset Management Inc now owns 19,211 shares of the auto parts company’s stock valued at $814,000 after buying an additional 61 shares during the period. Hanson & Doremus Investment Management raised its position in BorgWarner by 0.9% in the second quarter. Hanson & Doremus Investment Management now owns 8,895 shares of the auto parts company’s stock valued at $377,000 after buying an additional 75 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its position in BorgWarner by 0.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 18,846 shares of the auto parts company’s stock valued at $788,000 after buying an additional 77 shares during the period. 91.65% of the stock is currently owned by institutional investors and hedge funds.
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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