BorgWarner (BWA) Updates Q1 2019 Earnings Guidance
BorgWarner (NYSE:BWA) updated its first quarter 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $0.92-0.96 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.13. The company issued revenue guidance of $2.575-2.631 billion, compared to the consensus revenue estimate of $2.74 billion.BorgWarner also updated its FY 2019 guidance to $4.00-4.35 EPS.
A number of research firms have commented on BWA. Seaport Global Securities began coverage on BorgWarner in a research report on Wednesday. They set a neutral rating on the stock. ValuEngine downgraded BorgWarner from a sell rating to a strong sell rating in a research report on Friday, February 8th. TheStreet upgraded BorgWarner from a c+ rating to a b- rating in a research report on Thursday, January 31st. Morgan Stanley set a $53.00 target price on BorgWarner and gave the stock a buy rating in a research report on Tuesday, January 29th. Finally, Barclays set a $36.00 target price on BorgWarner and gave the stock a hold rating in a research report on Friday, January 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. BorgWarner presently has a consensus rating of Buy and a consensus price target of $50.86.
BorgWarner stock traded up $0.36 during trading on Thursday, hitting $40.74. The company’s stock had a trading volume of 3,236,306 shares, compared to its average volume of 1,782,516. The firm has a market capitalization of $8.36 billion, a P/E ratio of 10.47, a PEG ratio of 1.03 and a beta of 1.79. BorgWarner has a 1-year low of $32.46 and a 1-year high of $54.35. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 0.50.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.67%. BorgWarner’s dividend payout ratio is presently 17.48%.
In other news, Director Deborah D. Mcwhinney purchased 1,421 shares of the company’s stock in a transaction on Wednesday, December 19th. The stock was bought at an average cost of $35.14 per share, for a total transaction of $49,933.94. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alexis P. Michas sold 10,003 shares of the company’s stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $39.99, for a total value of $400,019.97. Following the sale, the director now owns 78,223 shares of the company’s stock, valued at $3,128,137.77. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company’s stock.
TRADEMARK VIOLATION WARNING: This report was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.watchlistnews.com/borgwarner-bwa-updates-q1-2019-earnings-guidance/2821281.html.
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.
Receive News & Ratings for BorgWarner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner and related companies with MarketBeat.com's FREE daily email newsletter.