BorgWarner Inc. (NYSE:BWA) – Analysts at Seaport Global Securities boosted their FY2017 earnings per share (EPS) estimates for shares of BorgWarner in a research report issued on Monday. Seaport Global Securities analyst M. Ward now forecasts that the auto parts company will post earnings of $3.65 per share for the year, up from their previous estimate of $3.50. Seaport Global Securities also issued estimates for BorgWarner’s Q1 2018 earnings at $1.04 EPS, Q3 2018 earnings at $0.86 EPS, Q4 2018 earnings at $0.99 EPS and FY2018 earnings at $3.85 EPS.
BWA has been the topic of a number of other research reports. Zacks Investment Research upgraded BorgWarner from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Wednesday, May 31st. CLSA initiated coverage on BorgWarner in a report on Thursday, June 22nd. They set a “hold” rating and a $45.00 price target on the stock. Royal Bank Of Canada reissued a “hold” rating and set a $44.00 price target on shares of BorgWarner in a report on Wednesday, July 12th. BidaskClub lowered BorgWarner from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Finally, Jefferies Group LLC reissued a “buy” rating and set a $50.00 price target on shares of BorgWarner in a report on Wednesday, May 31st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $41.56.
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Shares of BorgWarner (NYSE:BWA) opened at 46.74 on Tuesday. The stock has a 50 day moving average price of $43.93 and a 200-day moving average price of $41.94. The stock has a market cap of $9.87 billion, a P/E ratio of 52.11 and a beta of 1.71. BorgWarner has a 52 week low of $31.49 and a 52 week high of $48.03.
BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.07. BorgWarner had a return on equity of 20.75% and a net margin of 2.06%. The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the business earned $0.84 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year.
A number of large investors have recently made changes to their positions in BWA. Teachers Advisors LLC raised its stake in shares of BorgWarner by 7.0% in the fourth quarter. Teachers Advisors LLC now owns 282,229 shares of the auto parts company’s stock worth $11,131,000 after buying an additional 18,579 shares in the last quarter. Kentucky Retirement Systems purchased a new stake in shares of BorgWarner during the fourth quarter valued at approximately $573,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of BorgWarner during the fourth quarter valued at approximately $256,000. Macquarie Group Ltd. raised its stake in shares of BorgWarner by 56.4% in the fourth quarter. Macquarie Group Ltd. now owns 433,720 shares of the auto parts company’s stock valued at $17,106,000 after buying an additional 156,413 shares during the period. Finally, Triangle Securities Wealth Management purchased a new stake in shares of BorgWarner during the first quarter valued at approximately $860,000. 91.65% of the stock is currently owned by institutional investors.
In other BorgWarner 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 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 insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Wednesday, August 30th. BorgWarner’s dividend payout ratio is presently 62.92%.
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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