BorgWarner Inc. (NYSE:BWA) – Equities researchers at Seaport Global Securities boosted their Q3 2019 earnings estimates for shares of BorgWarner in a research report issued on Wednesday, May 1st. Seaport Global Securities analyst M. Ward now forecasts that the auto parts company will earn $0.98 per share for the quarter, up from their prior estimate of $0.94. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for BorgWarner’s Q4 2019 earnings at $1.09 EPS, FY2019 earnings at $4.10 EPS, Q1 2020 earnings at $1.09 EPS, Q3 2020 earnings at $1.06 EPS and FY2020 earnings at $4.50 EPS.
Other equities research analysts also recently issued research reports about the company. TheStreet raised BorgWarner from a “c+” rating to a “b-” rating in a research report on Thursday, January 31st. Morgan Stanley set a $49.00 target price on BorgWarner and gave the stock a “buy” rating in a research report on Friday, February 15th. Bank of America reaffirmed a “neutral” rating and issued a $46.00 target price (up previously from $42.00) on shares of BorgWarner in a research report on Tuesday, April 23rd. Zacks Investment Research downgraded BorgWarner from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Finally, ValuEngine raised BorgWarner from a “strong sell” rating to a “sell” rating in a research report on Friday, February 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $48.83.
Shares of NYSE BWA opened at $41.29 on Monday. BorgWarner has a 1-year low of $32.46 and a 1-year high of $53.28. The company has a quick ratio of 1.27, a current ratio of 1.62 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $8.56 billion, a PE ratio of 9.22, a P/E/G ratio of 1.26 and a beta of 1.74.
BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, April 25th. The auto parts company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.06. BorgWarner had a return on equity of 21.64% and a net margin of 8.39%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the prior year, the business earned $1.10 earnings per share. The company’s revenue was down 7.8% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Friday, May 31st. BorgWarner’s dividend payout ratio is currently 15.18%.
In other BorgWarner news, Director Thomas T. Stallkamp sold 3,124 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $42.00, for a total transaction of $131,208.00. Following the sale, the director now owns 4,033 shares in the company, valued at $169,386. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas T. Stallkamp sold 6,260 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $42.00, for a total value of $262,920.00. The disclosure for this sale can be found here. Insiders sold 29,784 shares of company stock valued at $1,230,456 in the last three months. 0.75% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in BWA. Mengis Capital Management Inc. raised its position in shares of BorgWarner by 2.9% during the 4th quarter. Mengis Capital Management Inc. now owns 8,870 shares of the auto parts company’s stock worth $308,000 after purchasing an additional 250 shares during the period. First Bank & Trust raised its position in shares of BorgWarner by 7.2% during the 4th quarter. First Bank & Trust now owns 4,196 shares of the auto parts company’s stock worth $146,000 after purchasing an additional 282 shares during the period. Advisor Partners LLC raised its position in shares of BorgWarner by 3.0% during the 1st quarter. Advisor Partners LLC now owns 11,667 shares of the auto parts company’s stock worth $448,000 after purchasing an additional 337 shares during the period. Regentatlantic Capital LLC raised its position in shares of BorgWarner by 5.9% during the 1st quarter. Regentatlantic Capital LLC now owns 6,867 shares of the auto parts company’s stock worth $264,000 after purchasing an additional 385 shares during the period. Finally, IFP Advisors Inc raised its position in shares of BorgWarner by 24.1% during the 4th quarter. IFP Advisors Inc now owns 2,010 shares of the auto parts company’s stock worth $69,000 after purchasing an additional 390 shares during the period. Hedge funds and other institutional investors own 91.35% 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.