BorgWarner (BWA) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

BorgWarner (NYSE:BWA) released its earnings results on Thursday. The auto parts company reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.06, Bloomberg Earnings reports. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter last year, the business earned $0.85 EPS. The business’s revenue was up 14.5% on a year-over-year basis. BorgWarner updated its Q1 guidance to $0.99-1.03 EPS and its FY18 guidance to $4.25-4.35 EPS.

BorgWarner (NYSE BWA) traded down $1.46 during trading hours on Thursday, reaching $53.54. 1,974,526 shares of the company’s stock traded hands, compared to its average volume of 1,466,932. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 1.10. BorgWarner has a 52-week low of $37.54 and a 52-week high of $58.22. The stock has a market cap of $11,419.01, a P/E ratio of 38.09, a P/E/G ratio of 1.48 and a beta of 1.82.

The firm 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 dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.27%. BorgWarner’s dividend payout ratio (DPR) is currently 49.28%.

In other BorgWarner news, EVP John J. Gasparovic sold 38,409 shares of the firm’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 directly owns 63,937 shares in the company, valued at approximately $3,363,086.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Joel Wiegert sold 1,400 shares of the firm’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 owns 16,197 shares of the company’s stock, valued at $847,912.95. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Barings LLC increased its holdings in BorgWarner by 23.9% during the 4th quarter. Barings LLC now owns 57,980 shares of the auto parts company’s stock valued at $2,962,000 after acquiring an additional 11,200 shares in the last quarter. Penserra Capital Management LLC increased its holdings in BorgWarner by 25.3% during the 4th quarter. Penserra Capital Management LLC now owns 8,722 shares of the auto parts company’s stock valued at $445,000 after acquiring an additional 1,760 shares in the last quarter. Candriam Luxembourg S.C.A. increased its holdings in BorgWarner by 102.7% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 347,074 shares of the auto parts company’s stock valued at $17,732,000 after acquiring an additional 175,873 shares in the last quarter. NuWave Investment Management LLC purchased a new position in BorgWarner during the 4th quarter valued at about $402,000. Finally, Oppenheimer & Co. Inc. increased its holdings in BorgWarner by 13.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 28,943 shares of the auto parts company’s stock valued at $1,479,000 after acquiring an additional 3,320 shares in the last quarter. Hedge funds and other institutional investors own 95.13% of the company’s stock.

BWA has been the subject of a number of research analyst reports. Deutsche Bank downgraded shares of BorgWarner from a “buy” rating to a “hold” rating and set a $55.00 price target for the company. in a report on Thursday, October 12th. KeyCorp increased their price target on shares of BorgWarner from $50.00 to $56.00 and gave the company a “buy” rating in a report on Friday, October 13th. Zacks Investment Research upgraded shares of BorgWarner from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Tuesday, October 17th. UBS Group increased their price target on shares of BorgWarner from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, Buckingham Research increased their price target on shares of BorgWarner from $37.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $52.38.

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About BorgWarner

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 for BorgWarner (NYSE:BWA)

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