Brokers Set Expectations for BorgWarner Inc.’s FY2017 Earnings (BWA)

BorgWarner Inc. (NYSE:BWA) – Stock analysts at Gabelli lifted their FY2017 EPS estimates for BorgWarner in a research note issued to investors on Friday. Gabelli analyst B. Sponheimer now forecasts that the auto parts company will earn $3.80 per share for the year, up from their previous forecast of $3.65. Gabelli also issued estimates for BorgWarner’s FY2020 earnings at $5.00 EPS and FY2021 earnings at $5.20 EPS.

A number of other research firms have also weighed in on BWA. Citigroup Inc. upped their target price on BorgWarner from $50.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday. BMO Capital Markets upped their target price on BorgWarner from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday. UBS AG increased their price objective on BorgWarner from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Buckingham Research increased their price objective on BorgWarner from $37.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Finally, Zacks Investment Research upgraded BorgWarner from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $47.72.

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BorgWarner (NYSE BWA) traded up 1.01% during mid-day trading on Monday, hitting $53.25. The stock had a trading volume of 156,278 shares. The company’s 50 day moving average is $51.10 and its 200-day moving average is $45.45. The stock has a market capitalization of $11.24 billion, a P/E ratio of 59.36 and a beta of 1.76. BorgWarner has a 52 week low of $33.09 and a 52 week high of $53.84.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, October 26th. The auto parts company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.07. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.26 billion. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. BorgWarner’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 EPS.

A number of institutional investors and hedge funds have recently made changes to their positions in BWA. FMR LLC grew its position in BorgWarner by 66.5% during the 1st quarter. FMR LLC now owns 230,802 shares of the auto parts company’s stock worth $9,645,000 after purchasing an additional 92,176 shares during the period. Teachers Advisors LLC grew its position in BorgWarner by 4.5% during the 1st quarter. Teachers Advisors LLC now owns 295,053 shares of the auto parts company’s stock worth $12,330,000 after purchasing an additional 12,824 shares during the period. Morgan Stanley grew its position in BorgWarner by 33.5% during the 1st quarter. Morgan Stanley now owns 921,610 shares of the auto parts company’s stock worth $38,515,000 after purchasing an additional 231,228 shares during the period. Paloma Partners Management Co acquired a new stake in BorgWarner during the 1st quarter worth about $1,199,000. Finally, HighTower Advisors LLC grew its position in BorgWarner by 8.3% during the 1st quarter. HighTower Advisors LLC now owns 26,310 shares of the auto parts company’s stock worth $1,097,000 after purchasing an additional 2,019 shares during the period. 92.39% of the stock is currently owned by institutional investors.

In other BorgWarner news, EVP Tonit M. Calaway sold 3,000 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $44.99, for a total transaction of $134,970.00. Following the sale, the executive vice president now directly owns 34,120 shares of the company’s stock, valued at approximately $1,535,058.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brady D. Ericson sold 11,052 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $45.38, for a total value of $501,539.76. Following the sale, the insider now directly owns 23,418 shares in the company, valued at $1,062,708.84. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

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.

Earnings History and Estimates for BorgWarner (NYSE:BWA)

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