$1.05 EPS Expected for BorgWarner Inc. (BWA) This Quarter
Analysts forecast that BorgWarner Inc. (NYSE:BWA) will announce earnings of $1.05 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for BorgWarner’s earnings, with estimates ranging from $1.03 to $1.06. BorgWarner reported earnings per share of $0.95 in the same quarter last year, which suggests a positive year-over-year growth rate of 10.5%. The business is scheduled to announce its next quarterly earnings results before the market opens on Thursday, October 25th.
On average, analysts expect that BorgWarner will report full year earnings of $4.50 per share for the current year, with EPS estimates ranging from $4.47 to $4.54. For the next fiscal year, analysts forecast that the company will report earnings of $4.72 per share, with EPS estimates ranging from $4.00 to $4.94. Zacks’ EPS averages are a mean average based on a survey of research firms that cover BorgWarner.
BorgWarner (NYSE:BWA) last released its earnings results on Thursday, July 26th. The auto parts company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.08. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.71 billion. BorgWarner had a net margin of 5.11% and a return on equity of 22.83%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share.
BWA traded down $1.17 on Tuesday, reaching $42.98. 5,558,820 shares of the company traded hands, compared to its average volume of 1,655,702. BorgWarner has a 52-week low of $42.06 and a 52-week high of $58.22. The company has a market capitalization of $9.37 billion, a PE ratio of 11.05, a PEG ratio of 1.25 and a beta of 1.89. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.23 and a current ratio of 1.58.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Tuesday, September 4th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.58%. The ex-dividend date was Friday, August 31st. BorgWarner’s dividend payout ratio is 17.48%.
In other BorgWarner news, VP Thomas J. Mcgill sold 3,260 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $44.55, for a total value of $145,233.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Tonit M. Calaway sold 4,590 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $46.01, for a total transaction of $211,185.90. Following the completion of the sale, the executive vice president now directly owns 34,982 shares of the company’s stock, valued at $1,609,521.82. The disclosure for this sale can be found here. Insiders own 0.74% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Minneapolis Portfolio Management Group LLC raised its stake in BorgWarner by 1.3% during the 1st quarter. Minneapolis Portfolio Management Group LLC now owns 762,751 shares of the auto parts company’s stock valued at $38,313,000 after purchasing an additional 9,805 shares during the last quarter. Mackay Shields LLC acquired a new position in BorgWarner during the 1st quarter valued at $1,676,000. Twin Capital Management Inc. raised its stake in BorgWarner by 522.3% during the 2nd quarter. Twin Capital Management Inc. now owns 52,540 shares of the auto parts company’s stock valued at $2,268,000 after purchasing an additional 44,097 shares during the last quarter. Toronto Dominion Bank raised its stake in BorgWarner by 33.2% during the 2nd quarter. Toronto Dominion Bank now owns 143,291 shares of the auto parts company’s stock valued at $6,183,000 after purchasing an additional 35,719 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in BorgWarner by 3.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,102,932 shares of the auto parts company’s stock valued at $47,603,000 after purchasing an additional 41,313 shares during the last quarter. Institutional investors and hedge funds own 91.62% of the company’s stock.
BorgWarner Company Profile
BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates through two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains for light vehicles, and hybrid power transmission chains.
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