Q1 2018 Earnings Estimate for BorgWarner Inc. Issued By Jefferies Group (BWA)

BorgWarner Inc. (NYSE:BWA) – Equities research analysts at Jefferies Group lifted their Q1 2018 EPS estimates for shares of BorgWarner in a report issued on Monday. Jefferies Group analyst D. Kelley now expects that the auto parts company will post earnings per share of $1.03 for the quarter, up from their prior forecast of $1.01. Jefferies Group also issued estimates for BorgWarner’s Q3 2018 earnings at $1.04 EPS, Q4 2018 earnings at $1.19 EPS, FY2018 earnings at $4.34 EPS, FY2019 earnings at $4.79 EPS and FY2020 earnings at $5.32 EPS.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 8th. The auto parts company reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.06. BorgWarner had a net margin of 4.49% and a return on equity of 21.92%. The business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. BorgWarner’s revenue was up 14.5% compared to the same quarter last year.

Several other equities research analysts have also recently weighed in on BWA. UBS Group upped their price objective on shares of BorgWarner from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Buckingham Research upped their price objective on shares of BorgWarner from $37.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Barclays set a $50.00 price objective on shares of BorgWarner and gave the stock a “hold” rating in a research report on Friday, October 20th. Citigroup upped their price objective on shares of BorgWarner from $50.00 to $54.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Finally, BMO Capital Markets upped their price objective on shares of BorgWarner from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $52.59.

Shares of BorgWarner (NYSE BWA) opened at $53.49 on Tuesday. BorgWarner has a 52-week low of $37.54 and a 52-week high of $58.22. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.46. The firm has a market cap of $11,013.88, a PE ratio of 25.84, a P/E/G ratio of 1.42 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 paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.27%. The ex-dividend date is Wednesday, February 28th. BorgWarner’s payout ratio is 32.85%.

In other news, VP Joel Wiegert sold 1,400 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $52.35, for a total value of $73,290.00. Following the completion of the transaction, the vice president now owns 16,197 shares of the company’s stock, valued at $847,912.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John J. Gasparovic sold 38,409 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $52.60, for a total value of $2,020,313.40. Following the completion of the transaction, the executive vice president now directly owns 63,937 shares of the company’s stock, valued at approximately $3,363,086.20. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in BWA. Cerebellum GP LLC acquired a new position in shares of BorgWarner in the fourth quarter valued at approximately $119,000. Advisors Preferred LLC acquired a new position in shares of BorgWarner in the fourth quarter valued at approximately $119,000. Calton & Associates Inc. acquired a new position in shares of BorgWarner in the fourth quarter valued at approximately $150,000. Zeke Capital Advisors LLC acquired a new position in shares of BorgWarner in the third quarter valued at approximately $201,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in shares of BorgWarner in the third quarter valued at approximately $202,000. 96.25% of the stock is owned by institutional investors.

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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 and Estimates for BorgWarner (NYSE:BWA)

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