FY2016 EPS Estimates for BorgWarner Inc. Lifted by Analyst (BWA)
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.
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.
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%.
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.
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