Gabelli Comments on BorgWarner Inc.’s FY2018 Earnings (BWA)

BorgWarner Inc. (NYSE:BWA) – Equities research analysts at Gabelli boosted their FY2018 earnings per share estimates for shares of BorgWarner in a report released on Monday. Gabelli analyst B. Sponheimer now anticipates that the auto parts company will post earnings per share of $4.35 for the year, up from their prior estimate of $4.25. Gabelli also issued estimates for BorgWarner’s FY2019 earnings at $4.75 EPS, FY2020 earnings at $5.10 EPS, FY2021 earnings at $5.45 EPS and FY2022 earnings at $5.75 EPS.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, February 8th. The auto parts company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.06. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.53 billion. BorgWarner had a return on equity of 21.92% and a net margin of 4.49%. BorgWarner’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 EPS.

Several other brokerages have also recently weighed in on BWA. Zacks Investment Research cut BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Barclays restated a “hold” rating and set a $58.00 target price on shares of BorgWarner in a report on Sunday, January 21st. ValuEngine upgraded BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada restated a “hold” rating and set a $61.00 target price on shares of BorgWarner in a report on Wednesday, December 20th. Finally, Oppenheimer started coverage on BorgWarner in a report on Thursday, December 7th. They set an “outperform” rating and a $63.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. BorgWarner has an average rating of “Hold” and an average price target of $52.59.

Shares of BorgWarner (NYSE:BWA) traded down $1.06 during mid-day trading on Tuesday, reaching $52.43. The company had a trading volume of 873,214 shares, compared to its average volume of 1,559,379. The stock has a market cap of $11,110.00, a PE ratio of 15.55, a PEG ratio of 1.42 and a beta of 1.81. BorgWarner has a 52 week low of $37.54 and a 52 week high of $58.22. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.46 and a quick ratio of 1.15.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Wednesday, February 28th. BorgWarner’s dividend payout ratio is currently 20.12%.

In other news, VP Joel Wiegert sold 1,400 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $52.35, for a total value of $73,290.00. Following the completion of the transaction, the vice president now owns 16,197 shares of the company’s stock, valued at approximately $847,912.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John J. Gasparovic sold 38,409 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $52.60, for a total value of $2,020,313.40. Following the completion of the transaction, the executive vice president now directly owns 63,937 shares of the company’s stock, valued at approximately $3,363,086.20. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Cerebellum GP LLC bought a new position in BorgWarner during the 4th quarter valued at approximately $119,000. Advisors Preferred LLC bought a new position in BorgWarner during the 4th quarter valued at approximately $119,000. Calton & Associates Inc. bought a new position in BorgWarner during the 4th quarter valued at approximately $150,000. Zeke Capital Advisors LLC bought a new position in BorgWarner during the 3rd quarter valued at approximately $201,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in BorgWarner during the 3rd quarter valued at approximately $202,000. 96.25% of the stock is owned by hedge funds and other institutional investors.

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About BorgWarner

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.

Earnings History and Estimates for BorgWarner (NYSE:BWA)

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