BorgWarner (BWA) Issues Quarterly Earnings Results
BorgWarner (NYSE:BWA) posted its quarterly earnings data on Thursday. The auto parts company reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.06, Bloomberg Earnings reports. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.53 billion. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. The firm’s revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. BorgWarner updated its Q1 guidance to $0.99-1.03 EPS and its FY18 guidance to $4.25-4.35 EPS.
BorgWarner (BWA) opened at $51.94 on Friday. The stock has a market capitalization of $11,596.12, a P/E ratio of 37.64, a PEG ratio of 1.51 and a beta of 1.82. BorgWarner has a one year low of $37.54 and a one year high of $58.22. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.43.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.31%. BorgWarner’s dividend payout ratio (DPR) is 49.28%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cerebellum GP LLC acquired a new stake in shares of BorgWarner in the 4th quarter worth approximately $119,000. Calton & Associates Inc. acquired a new stake in shares of BorgWarner in the 4th quarter worth approximately $150,000. Zeke Capital Advisors LLC acquired a new stake in shares of BorgWarner in the 3rd quarter worth approximately $201,000. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of BorgWarner in the 3rd quarter worth approximately $202,000. Finally, Rothschild Investment Corp IL acquired a new stake in shares of BorgWarner in the 3rd quarter worth approximately $205,000. Institutional investors and hedge funds own 95.13% of the company’s stock.
Several research firms have commented on BWA. Zacks Investment Research downgraded BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Barclays reaffirmed a “hold” rating and set a $58.00 price objective on shares of BorgWarner in a research note on Sunday, January 21st. ValuEngine raised BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada reissued a “hold” rating and set a $61.00 target price on shares of BorgWarner in a research note on Wednesday, December 20th. Finally, Oppenheimer initiated coverage on BorgWarner in a research note on Thursday, December 7th. They set an “outperform” rating and a $63.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. BorgWarner presently has an average rating of “Hold” and a consensus price target of $52.38.
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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.
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