BorgWarner Inc. (NYSE:BWA) – Research analysts at CLSA raised their FY2016 EPS estimates for shares of BorgWarner in a research report issued on Wednesday. CLSA analyst E. Rosner now expects that the brokerage will post earnings per share of $3.27 for the year, up from their prior forecast of $3.26. CLSA also issued estimates for BorgWarner’s FY2018 earnings at $3.90 EPS.

Several other research firms have also commented on BWA. Jefferies Group initiated coverage on shares of BorgWarner in a report on Wednesday, November 30th. They issued a “buy” rating and a $43.00 price target for the company. Evercore ISI lowered shares of BorgWarner from a “buy” rating to a “hold” rating and boosted their price target for the company from $38.00 to $42.00 in a report on Wednesday, January 4th. They noted that the move was a valuation call. Wells Fargo & Company lowered shares of BorgWarner from an “outperform” rating to a “market perform” rating and set a $42.00 price target for the company. in a report on Monday, December 19th. Northcoast Research lowered shares of BorgWarner from a “buy” rating to a “neutral” rating in a report on Tuesday, December 13th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of BorgWarner from a “buy” rating to a “neutral” rating and reduced their price target for the company from $37.00 to $35.00 in a report on Thursday, October 6th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $38.47.

Earnings History and Estimates for BorgWarner (NYSE:BWA)

TRADEMARK VIOLATION WARNING: This news story was published by Watch List News and is the propert of of Watch List News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The original version of this news story can be read at http://www.watchlistnews.com/fy2016-eps-estimates-for-borgwarner-inc-lifted-by-analyst-bwa/1061121.html.

Shares of BorgWarner (NYSE:BWA) opened at 40.30 on Friday. The company has a 50-day moving average of $39.40 and a 200 day moving average of $35.27. BorgWarner has a one year low of $27.52 and a one year high of $41.98. The stock has a market cap of $8.58 billion, a PE ratio of 16.41 and a beta of 1.71.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, October 27th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.01. BorgWarner had a net margin of 6.01% and a return on equity of 18.50%. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the company posted $0.73 earnings per share. The firm’s quarterly revenue was up 17.5% on a year-over-year basis.

Several hedge funds have recently added to or reduced their stakes in BWA. Mizuho Asset Management Co. Ltd. increased its stake in BorgWarner by 106.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,567 shares of the company’s stock valued at $105,000 after buying an additional 1,837 shares during the period. TLP Group LLC increased its stake in shares of BorgWarner by 86.7% in the third quarter. TLP Group LLC now owns 3,660 shares of the company’s stock worth $129,000 after buying an additional 1,700 shares during the period. Pacer Advisors Inc. increased its stake in shares of BorgWarner by 7.2% in the second quarter. Pacer Advisors Inc. now owns 4,021 shares of the company’s stock worth $119,000 after buying an additional 271 shares during the period. Seven Eight Capital LLC purchased a new stake in shares of BorgWarner during the second quarter worth about $121,000. Finally, JFS Wealth Advisors LLC purchased a new stake in shares of BorgWarner during the second quarter worth about $130,000. 86.17% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This news story was published by Watch List News and is the propert of of Watch List News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The original version of this news story can be read at http://www.watchlistnews.com/fy2016-eps-estimates-for-borgwarner-inc-lifted-by-analyst-bwa/1061121.html.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were issued a $0.14 dividend. This is an increase from BorgWarner’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Tuesday, November 29th. BorgWarner’s dividend payout ratio is 22.76%.

About BorgWarner

BorgWarner Inc is a supplier of engineered automotive systems and components for powertrain applications. The Company operates through two segments: Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Drivetrain segment’s products include transmission components and systems, all-wheel drive (AWD) torque transfer systems and rotating electrical devices.

5 Day Chart for NYSE:BWA

Receive News & Ratings for BorgWarner Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.