BorgWarner Inc. (NYSE:BWA) to Post Q2 2019 Earnings of $1.01 Per Share, KeyCorp Forecasts

BorgWarner Inc. (NYSE:BWA) – Investment analysts at KeyCorp dropped their Q2 2019 earnings per share estimates for BorgWarner in a research report issued to clients and investors on Friday, July 12th. KeyCorp analyst J. Picariello now forecasts that the auto parts company will earn $1.01 per share for the quarter, down from their prior forecast of $1.03. KeyCorp also issued estimates for BorgWarner’s FY2019 earnings at $4.15 EPS and FY2020 earnings at $4.55 EPS.

Other research analysts also recently issued research reports about the company. Credit Suisse Group assumed coverage on Magna International in a research note on Wednesday, June 26th. They set a “neutral” rating and a $55.00 price target for the company. ValuEngine upgraded Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 4th. Zacks Investment Research downgraded Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Morgan Stanley set a $12.00 price target on Adient and gave the stock a “sell” rating in a research note on Wednesday, June 26th. Finally, Barclays upgraded Encompass Health from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $68.00 to $70.00 in a research note on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $48.01.

NYSE BWA opened at $40.39 on Monday. BorgWarner has a 12 month low of $32.46 and a 12 month high of $46.97. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 9.02, a P/E/G ratio of 1.23 and a beta of 1.82. The company has a fifty day moving average of $40.04. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.62 and a quick ratio of 1.27.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.47 billion. BorgWarner had a return on equity of 21.64% and a net margin of 8.39%. BorgWarner’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.10 EPS.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.68 annualized dividend and a dividend yield of 1.68%. BorgWarner’s payout ratio is currently 15.18%.

Several large investors have recently added to or reduced their stakes in the business. Mason Street Advisors LLC raised its holdings in shares of BorgWarner by 0.9% during the 1st quarter. Mason Street Advisors LLC now owns 29,631 shares of the auto parts company’s stock valued at $1,138,000 after buying an additional 267 shares in the last quarter. State Treasurer State of Michigan increased its stake in BorgWarner by 0.5% in the 1st quarter. State Treasurer State of Michigan now owns 59,896 shares of the auto parts company’s stock worth $2,301,000 after purchasing an additional 300 shares during the period. Advisor Partners LLC increased its stake in BorgWarner by 3.0% in the 1st quarter. Advisor Partners LLC now owns 11,667 shares of the auto parts company’s stock worth $448,000 after purchasing an additional 337 shares during the period. Regentatlantic Capital LLC increased its stake in BorgWarner by 5.9% in the 1st quarter. Regentatlantic Capital LLC now owns 6,867 shares of the auto parts company’s stock worth $264,000 after purchasing an additional 385 shares during the period. Finally, American International Group Inc. increased its stake in BorgWarner by 0.4% in the 4th quarter. American International Group Inc. now owns 105,084 shares of the auto parts company’s stock worth $3,651,000 after purchasing an additional 406 shares during the period. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

About BorgWarner

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.

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Earnings History and Estimates for BorgWarner (NYSE:BWA)

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