Jefferies Financial Group Analysts Decrease Earnings Estimates for BorgWarner Inc. (NYSE:BWA)

BorgWarner Inc. (NYSE:BWA) – Equities researchers at Jefferies Financial Group reduced their Q2 2019 earnings per share estimates for shares of BorgWarner in a note issued to investors on Thursday, July 18th. Jefferies Financial Group analyst D. Kelley now anticipates that the auto parts company will earn $1.00 per share for the quarter, down from their prior forecast of $1.04. Jefferies Financial Group also issued estimates for BorgWarner’s Q2 2020 earnings at $1.13 EPS, Q3 2020 earnings at $1.09 EPS and Q4 2020 earnings at $1.17 EPS.

Several other equities analysts also recently commented on the company. ValuEngine raised Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 4th. Barclays set a €81.00 ($94.19) target price on Fresenius Medical Care AG & Co. KGaA and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley set a $12.00 target price on Adient and gave the stock a “sell” rating in a report on Wednesday, June 26th. Credit Suisse Group assumed coverage on Magna International in a report on Wednesday, June 26th. They issued a “neutral” rating and a $55.00 target price for the company. Finally, Bank of America set a $64.00 target price on Verizon Communications and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. BorgWarner currently has an average rating of “Buy” and an average target price of $48.00.

Shares of BorgWarner stock opened at $40.04 on Friday. The firm has a fifty day simple moving average of $40.25. The company has a market cap of $8.16 billion, a P/E ratio of 8.94, a PEG ratio of 1.21 and a beta of 1.82. The company has a quick ratio of 1.27, a current ratio of 1.62 and a debt-to-equity ratio of 0.44. BorgWarner has a 52 week low of $32.46 and a 52 week high of $46.97.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, April 25th. The auto parts company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.06. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.47 billion. BorgWarner had a return on equity of 21.64% and a net margin of 8.39%. The company’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 EPS.

Hedge funds and other institutional investors have recently modified their holdings of the stock. CSat Investment Advisory L.P. raised its stake in BorgWarner by 93.2% in the fourth quarter. CSat Investment Advisory L.P. now owns 999 shares of the auto parts company’s stock valued at $35,000 after buying an additional 482 shares during the last quarter. Bremer Bank National Association purchased a new stake in BorgWarner in the first quarter valued at about $44,000. Quadrant Capital Group LLC raised its stake in BorgWarner by 119.6% in the first quarter. Quadrant Capital Group LLC now owns 2,688 shares of the auto parts company’s stock valued at $97,000 after buying an additional 1,464 shares during the last quarter. CWM LLC raised its stake in BorgWarner by 137.9% in the first quarter. CWM LLC now owns 2,626 shares of the auto parts company’s stock valued at $101,000 after buying an additional 1,522 shares during the last quarter. Finally, NumerixS Investment Technologies Inc purchased a new stake in BorgWarner in the first quarter valued at about $120,000. Hedge funds and other institutional investors own 90.02% of the company’s stock.

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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