Equities analysts forecast that BorgWarner Inc. (NYSE:BWA) will post sales of $2.44 billion for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for BorgWarner’s earnings. The lowest sales estimate is $2.41 billion and the highest is $2.48 billion. BorgWarner posted sales of $2.57 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 5.1%. The company is expected to announce its next quarterly earnings report on Thursday, February 13th.
According to Zacks, analysts expect that BorgWarner will report full year sales of $10.04 billion for the current fiscal year, with estimates ranging from $10.00 billion to $10.08 billion. For the next fiscal year, analysts expect that the firm will post sales of $10.31 billion, with estimates ranging from $10.07 billion to $10.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for BorgWarner.
BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.11. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.39 billion. BorgWarner had a return on equity of 19.43% and a net margin of 7.43%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 EPS.
Shares of NYSE BWA traded down $0.34 during midday trading on Wednesday, reaching $42.50. 1,138,237 shares of the company traded hands, compared to its average volume of 1,666,186. The company has a market cap of $8.85 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 1.40 and a beta of 1.85. The stock has a 50-day moving average price of $41.27 and a 200 day moving average price of $38.25. BorgWarner has a 52 week low of $30.71 and a 52 week high of $46.60. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.58 and a quick ratio of 1.26.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.17 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.60%. BorgWarner’s dividend payout ratio (DPR) is 15.18%.
A number of hedge funds and other institutional investors have recently bought and sold shares of BWA. Scotia Capital Inc. purchased a new stake in shares of BorgWarner in the second quarter worth approximately $1,035,000. Paloma Partners Management Co acquired a new stake in shares of BorgWarner during the 2nd quarter valued at $1,314,000. Victory Capital Management Inc. grew its holdings in shares of BorgWarner by 16.0% during the 2nd quarter. Victory Capital Management Inc. now owns 5,984,092 shares of the auto parts company’s stock valued at $251,212,000 after acquiring an additional 824,302 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of BorgWarner by 855.6% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 52,616 shares of the auto parts company’s stock worth $2,209,000 after acquiring an additional 47,110 shares in the last quarter. Finally, Andra AP fonden raised its stake in shares of BorgWarner by 7.1% during the 2nd quarter. Andra AP fonden now owns 118,000 shares of the auto parts company’s stock worth $4,954,000 after purchasing an additional 7,800 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.
BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.
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