$2.44 Billion in Sales Expected for BorgWarner Inc. (NYSE:BWA) This Quarter

Share on StockTwits

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.

A number of analysts have recently weighed in on BWA shares. TheStreet raised shares of BorgWarner from a “c+” rating to a “b-” rating in a research note on Tuesday, November 5th. Citigroup dropped their target price on BorgWarner from $45.00 to $42.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Morgan Stanley upped their target price on BorgWarner from $45.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Credit Suisse Group increased their price target on BorgWarner from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Guggenheim initiated coverage on BorgWarner in a research report on Tuesday, October 15th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $45.40.

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.

About BorgWarner

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.

Further Reading: Bear Market – How and Why They Occur

Get a free copy of the Zacks research report on BorgWarner (BWA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for BorgWarner (NYSE:BWA)

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.