Seaport Global Securities Analysts Lower Earnings Estimates for BorgWarner Inc. (BWA)

BorgWarner Inc. (NYSE:BWA) – Research analysts at Seaport Global Securities cut their Q1 2017 EPS estimates for BorgWarner in a research note issued on Friday. Seaport Global Securities analyst M. Ward now anticipates that the firm will post earnings of $0.83 per share for the quarter, down from their previous forecast of $0.86. Seaport Global Securities also issued estimates for BorgWarner’s Q2 2017 earnings at $0.89 EPS, Q3 2017 earnings at $0.79 EPS, FY2017 earnings at $3.40 EPS, Q1 2018 earnings at $0.88 EPS, Q2 2018 earnings at $0.95 EPS, Q3 2018 earnings at $0.83 EPS, Q4 2018 earnings at $0.94 EPS and FY2018 earnings at $3.60 EPS.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 9th. The company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The business earned $2.26 billion during the quarter, compared to the consensus estimate of $2.30 billion. BorgWarner had a return on equity of 19.21% and a net margin of 1.31%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 earnings per share.

“Seaport Global Securities Analysts Lower Earnings Estimates for BorgWarner Inc. (BWA)” was reported by sleekmoney and is owned by of sleekmoney. If you are reading this news story on another site, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be viewed at http://sleekmoney.com/seaport-global-securities-analysts-lower-earnings-estimates-for-borgwarner-inc-bwa/1662003.html.

Earnings History and Estimates for BorgWarner (NYSE:BWA)

Other equities research analysts also recently issued reports about the company. Barclays PLC raised their target price on BorgWarner from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, February 10th. Northcoast Research downgraded BorgWarner from a “buy” rating to a “neutral” rating in a report on Tuesday, December 13th. Jefferies Group LLC began coverage on BorgWarner in a report on Wednesday, November 30th. They set a “buy” rating and a $43.00 target price on the stock. Evercore ISI downgraded BorgWarner from a “buy” rating to a “hold” rating and raised their target price for the company from $38.00 to $42.00 in a report on Wednesday, January 4th. They noted that the move was a valuation call. Finally, BMO Capital Markets began coverage on BorgWarner in a report on Tuesday, December 20th. They set an “outperform” rating and a $50.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. BorgWarner presently has an average rating of “Hold” and an average target price of $38.73.

Shares of BorgWarner (NYSE:BWA) opened at 41.50 on Monday. BorgWarner has a 12-month low of $27.52 and a 12-month high of $42.18. The firm has a market capitalization of $8.83 billion, a P/E ratio of 75.45 and a beta of 1.64. The stock has a 50 day moving average price of $40.44 and a 200 day moving average price of $36.74.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, February 27th. This represents a $0.56 dividend on an annualized basis and a yield of 1.35%. BorgWarner’s dividend payout ratio is currently 109.81%.

“Seaport Global Securities Analysts Lower Earnings Estimates for BorgWarner Inc. (BWA)” was reported by sleekmoney and is owned by of sleekmoney. If you are reading this news story on another site, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be viewed at http://sleekmoney.com/seaport-global-securities-analysts-lower-earnings-estimates-for-borgwarner-inc-bwa/1662003.html.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan raised its position in shares of BorgWarner by 0.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,880 shares of the company’s stock worth $242,000 after buying an additional 40 shares during the period. Van ECK Associates Corp raised its position in shares of BorgWarner by 5.9% in the fourth quarter. Van ECK Associates Corp now owns 2,531 shares of the company’s stock worth $100,000 after buying an additional 142 shares during the period. Shinko Asset Management Co. Ltd. raised its position in shares of BorgWarner by 1.9% in the third quarter. Shinko Asset Management Co. Ltd. now owns 10,515 shares of the company’s stock worth $370,000 after buying an additional 194 shares during the period. SRB Corp raised its position in shares of BorgWarner by 7.2% in the third quarter. SRB Corp now owns 4,587 shares of the company’s stock worth $161,000 after buying an additional 309 shares during the period. Finally, Federated Investors Inc. PA raised its position in shares of BorgWarner by 1.7% in the fourth quarter. Federated Investors Inc. PA now owns 25,760 shares of the company’s stock worth $1,016,000 after buying an additional 428 shares during the period. Institutional investors own 92.16% of the company’s stock.

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.

5 Day Chart for NYSE:BWA

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/seaport-global-securities-analysts-lower-earnings-estimates-for-borgwarner-inc-bwa/1662003.html

Receive News & Ratings for BorgWarner Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *