BorgWarner Inc. (NYSE:BWA) – Research analysts at Oppenheimer lowered their Q1 2018 EPS estimates for shares of BorgWarner in a report released on Friday. Oppenheimer analyst N. Kaye now anticipates that the auto parts company will post earnings of $1.01 per share for the quarter, down from their previous forecast of $1.04. Oppenheimer currently has a “Outperform” rating and a $63.00 target price on the stock. Oppenheimer also issued estimates for BorgWarner’s Q2 2018 earnings at $1.03 EPS, Q3 2018 earnings at $1.05 EPS, Q4 2018 earnings at $1.18 EPS, FY2018 earnings at $4.27 EPS and FY2020 earnings at $5.10 EPS.

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

BWA has been the topic of a number of other reports. Barclays set a $50.00 target price on shares of BorgWarner and gave the company a “hold” rating in a research report on Friday, October 20th. Royal Bank of Canada upgraded shares of BorgWarner from a “sector perform” rating to an “outperform” rating in a research report on Friday. Citigroup upped their price target on BorgWarner from $50.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research note on Thursday, January 11th. Finally, UBS Group upped their price target on BorgWarner from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $52.59.

BorgWarner (NYSE:BWA) opened at $52.61 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.55. BorgWarner has a 52-week low of $37.54 and a 52-week high of $58.22. The stock has a market cap of $11,077.04, a PE ratio of 25.42, a price-to-earnings-growth ratio of 1.47 and a beta of 1.82.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.17 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.29%. BorgWarner’s dividend payout ratio (DPR) is presently 32.85%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of BWA. FMR LLC increased its stake in BorgWarner by 19.1% during the 2nd quarter. FMR LLC now owns 274,923 shares of the auto parts company’s stock worth $11,646,000 after purchasing an additional 44,121 shares in the last quarter. Janus Henderson Group PLC increased its stake in BorgWarner by 27.6% during the 2nd quarter. Janus Henderson Group PLC now owns 45,614 shares of the auto parts company’s stock worth $1,932,000 after purchasing an additional 9,863 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in BorgWarner by 6.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 20,069 shares of the auto parts company’s stock worth $850,000 after purchasing an additional 1,223 shares in the last quarter. Bank of Nova Scotia increased its stake in BorgWarner by 9.5% during the 2nd quarter. Bank of Nova Scotia now owns 45,062 shares of the auto parts company’s stock worth $1,909,000 after purchasing an additional 3,904 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new stake in BorgWarner during the 2nd quarter worth approximately $639,000. 95.13% of the stock is owned by institutional investors and hedge funds.

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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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