$2.40 Billion in Sales Expected for BorgWarner Inc. (NYSE:BWA) This Quarter

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Wall Street brokerages expect BorgWarner Inc. (NYSE:BWA) to announce sales of $2.40 billion for the current quarter, according to Zacks. Seven analysts have made estimates for BorgWarner’s earnings. The highest sales estimate is $2.45 billion and the lowest is $2.39 billion. BorgWarner reported sales of $2.48 billion during the same quarter last year, which would suggest a negative year over year growth rate of 3.2%. The business is scheduled to announce its next quarterly earnings results on Thursday, October 24th.

On average, analysts expect that BorgWarner will report full year sales of $10.06 billion for the current fiscal year, with estimates ranging from $9.94 billion to $10.17 billion. For the next financial year, analysts expect that the firm will post sales of $10.44 billion, with estimates ranging from $10.17 billion to $10.71 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for BorgWarner.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, July 25th. The auto parts company reported $1.00 earnings per share for the quarter, hitting the consensus estimate of $1.00. The firm had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.52 billion. BorgWarner had a return on equity of 20.13% and a net margin of 7.53%. The firm’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.18 earnings per share.

A number of brokerages recently weighed in on BWA. Barclays reaffirmed a “buy” rating and set a $44.00 price objective on shares of BorgWarner in a report on Thursday, July 18th. Cowen set a $47.00 price objective on BorgWarner and gave the stock a “buy” rating in a report on Friday, July 19th. TheStreet lowered BorgWarner from a “b-” rating to a “c+” rating in a report on Thursday, August 22nd. Morgan Stanley set a $47.00 price objective on BorgWarner and gave the stock a “buy” rating in a report on Wednesday, June 26th. Finally, Robert W. Baird set a $51.00 price objective on BorgWarner and gave the stock a “buy” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $46.53.

A number of institutional investors and hedge funds have recently bought and sold shares of BWA. Steward Partners Investment Advisory LLC purchased a new stake in shares of BorgWarner in the second quarter valued at $25,000. Westside Investment Management Inc. acquired a new stake in shares of BorgWarner in the second quarter valued at about $27,000. Sandy Spring Bank acquired a new stake in shares of BorgWarner in the second quarter valued at about $27,000. Bremer Bank National Association acquired a new stake in shares of BorgWarner in the first quarter valued at about $44,000. Finally, CSat Investment Advisory L.P. grew its stake in shares of BorgWarner by 60.1% in the second quarter. CSat Investment Advisory L.P. now owns 1,531 shares of the auto parts company’s stock valued at $64,000 after buying an additional 575 shares in the last quarter. Institutional investors own 89.40% of the company’s stock.

BWA stock traded down $0.01 during trading on Tuesday, hitting $31.05. 81,760 shares of the company’s stock were exchanged, compared to its average volume of 1,831,861. The business has a 50-day moving average price of $36.30 and a two-hundred day moving average price of $39.05. The stock has a market capitalization of $6.38 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 1.03 and a beta of 1.82. BorgWarner has a 52-week low of $30.71 and a 52-week high of $46.97. The company has a current ratio of 1.66, a quick ratio of 1.31 and a debt-to-equity ratio of 0.43.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $0.17 per share. The ex-dividend date is Friday, August 30th. This represents a $0.68 dividend on an annualized basis and a yield of 2.19%. BorgWarner’s payout ratio is 15.18%.

BorgWarner Company Profile

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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Earnings History and Estimates for BorgWarner (NYSE:BWA)

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