BorgWarner Inc. (NYSE:BWA) released its earnings results on Thursday. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.30 billion. BorgWarner had a return on equity of 19.21% and a net margin of 1.31%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share. BorgWarner updated its Q1 guidance to $0.81-0.85 EPS and its FY17 guidance to $3.35-3.45 EPS.
BorgWarner (NYSE:BWA) opened at 41.63 on Monday. BorgWarner has a 12 month low of $27.52 and a 12 month high of $41.98. The firm has a market capitalization of $8.85 billion, a P/E ratio of 75.69 and a beta of 1.64. The stock’s 50 day moving average price is $40.35 and its 200-day moving average price is $36.58.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Monday, February 27th. BorgWarner’s payout ratio is presently 109.81%.
BWA has been the topic of a number of analyst reports. Barclays PLC upped their target price on BorgWarner from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday. Northcoast Research cut BorgWarner from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 13th. Berenberg Bank initiated coverage on BorgWarner in a research note on Tuesday, November 22nd. They set a “sell” rating and a $28.00 target price on the stock. Morgan Stanley cut their target price on BorgWarner from $36.00 to $34.00 and set an “underweight” rating on the stock in a research note on Thursday, January 26th. Finally, Wells Fargo & Company lowered BorgWarner from an “outperform” rating to a “market perform” rating and set a $42.00 price target for the company. in a report on Monday, December 19th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $38.73.
A number of hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp boosted its stake in BorgWarner by 5.9% in the fourth quarter. Van ECK Associates Corp now owns 2,531 shares of the company’s stock valued at $100,000 after buying an additional 142 shares during the period. TLP Group LLC boosted its stake in BorgWarner by 86.7% in the third quarter. TLP Group LLC now owns 3,660 shares of the company’s stock valued at $129,000 after buying an additional 1,700 shares during the period. SRB Corp boosted its stake in BorgWarner by 7.2% in the third quarter. SRB Corp now owns 4,587 shares of the company’s stock valued at $161,000 after buying an additional 309 shares during the period. First Bank & Trust acquired a new stake in BorgWarner during the fourth quarter valued at $162,000. Finally, Virtus Investment Advisers Inc. acquired a new stake in BorgWarner during the third quarter valued at $182,000. Hedge funds and other institutional investors own 92.16% of the company’s stock.
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BorgWarner Company Profile
BorgWarner Inc is a supplier of engineered automotive systems and components for powertrain applications. The Company operates through two segments: Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Drivetrain segment’s products include transmission components and systems, all-wheel drive (AWD) torque transfer systems and rotating electrical devices.
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