BorgWarner (BWA) Releases Q1 Earnings Guidance
BorgWarner (NYSE:BWA) updated its first quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.99-1.03 for the period, compared to the Thomson Reuters consensus estimate of $1.06. The company issued revenue guidance of $2.48-2.54 billion, compared to the consensus revenue estimate of $2.64 billion.BorgWarner also updated its FY18 guidance to $4.25-4.35 EPS.
Several research firms have issued reports on BWA. Zacks Investment Research lowered shares of BorgWarner from a buy rating to a hold rating in a research report on Thursday, January 18th. Barclays restated a hold rating and issued a $58.00 price target on shares of BorgWarner in a research report on Sunday, January 21st. ValuEngine upgraded shares of BorgWarner from a hold rating to a buy rating in a research report on Friday, February 2nd. Royal Bank of Canada reiterated a hold rating and set a $61.00 price objective on shares of BorgWarner in a research report on Wednesday, December 20th. Finally, Oppenheimer initiated coverage on shares of BorgWarner in a research report on Thursday, December 7th. They set an outperform rating and a $63.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $52.38.
Shares of BorgWarner (NYSE BWA) opened at $55.00 on Thursday. The stock has a market cap of $11,419.01, a price-to-earnings ratio of 39.86, a price-to-earnings-growth ratio of 1.48 and a beta of 1.82. 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 0.53, a quick ratio of 1.10 and a current ratio of 1.43.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.24%. BorgWarner’s payout ratio is presently 49.28%.
In related news, VP Joel Wiegert sold 1,400 shares of BorgWarner stock in a transaction on Monday, December 18th. The shares were sold at an average price of $52.35, for a total value of $73,290.00. Following the completion of the sale, the vice president now owns 16,197 shares of the company’s stock, valued at approximately $847,912.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John J. Gasparovic sold 38,409 shares of BorgWarner stock in a transaction on Monday, December 18th. The shares were sold at an average price of $52.60, for a total transaction of $2,020,313.40. Following the completion of the sale, 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 insiders.
BorgWarner Company Profile
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.
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