BorgWarner Inc. (NYSE:BWA) – Investment analysts at Jefferies Financial Group cut their Q3 2019 earnings per share (EPS) estimates for shares of BorgWarner in a research note issued on Thursday, October 17th. Jefferies Financial Group analyst D. Kelley now anticipates that the auto parts company will post earnings of $0.85 per share for the quarter, down from their previous estimate of $0.86. Jefferies Financial Group also issued estimates for BorgWarner’s Q4 2019 earnings at $0.97 EPS, FY2019 earnings at $3.82 EPS, Q1 2020 earnings at $1.04 EPS, Q2 2020 earnings at $1.05 EPS, Q3 2020 earnings at $0.97 EPS, Q4 2020 earnings at $1.05 EPS and FY2020 earnings at $4.11 EPS.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, July 25th. The auto parts company reported $1.00 EPS for the quarter, hitting analysts’ consensus estimates of $1.00. BorgWarner had a net margin of 7.53% and a return on equity of 20.13%. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the business posted $1.18 earnings per share. The firm’s quarterly revenue was down 5.3% on a year-over-year basis.

A number of other equities research analysts have also commented on the stock. Royal Bank of Canada lowered shares of BorgWarner from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $44.00 to $41.00 in a report on Friday, July 26th. UBS Group dropped their price objective on shares of BorgWarner from $49.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Robert W. Baird set a $51.00 price objective on shares of BorgWarner and gave the stock a “buy” rating in a report on Friday, July 26th. Guggenheim initiated coverage on shares of BorgWarner in a report on Tuesday, October 15th. They set a “neutral” rating on the stock. Finally, Citigroup dropped their price objective on shares of BorgWarner from $45.00 to $42.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $45.43.

Shares of NYSE:BWA opened at $38.98 on Monday. BorgWarner has a 12 month low of $30.71 and a 12 month high of $44.78. The company has a quick ratio of 1.31, a current ratio of 1.66 and a debt-to-equity ratio of 0.43. The company’s fifty day simple moving average is $36.57 and its 200 day simple moving average is $38.17. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 1.27 and a beta of 1.85.

Institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC bought a new position in BorgWarner in the second quarter valued at $25,000. Westside Investment Management Inc. bought a new position in BorgWarner in the second quarter valued at $27,000. Sandy Spring Bank bought a new position in BorgWarner in the second quarter valued at $27,000. CSat Investment Advisory L.P. grew its position in 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 purchasing an additional 575 shares in the last quarter. Finally, Robecosam AG grew its position in BorgWarner by 10.3% in the third quarter. Robecosam AG now owns 3,200 shares of the auto parts company’s stock valued at $116,000 after purchasing an additional 300 shares in the last quarter. 91.06% of the stock is owned by institutional investors and hedge funds.

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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