Trade Report: The Brokers Offer Predictions for BorgWarner Inc.’s FY2016 Earnings (BWA)

The Brokers Offer Predictions for BorgWarner Inc.’s FY2016 Earnings (BWA)

BorgWarner Inc. (NYSE:BWA) – Stock analysts at Gabelli lifted their FY2016 earnings per share (EPS) estimates for shares of BorgWarner in a research report issued to clients and investors on Friday. Gabelli analyst B. Sponheimer now forecasts that the brokerage will post earnings of $3.25 per share for the year, up from their previous forecast of $3.20. Gabelli also issued estimates for BorgWarner’s FY2020 earnings at $4.65 EPS.

BWA has been the subject of a number of other research reports. Zacks Investment Research cut BorgWarner from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Goldman Sachs Group Inc. cut BorgWarner from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $37.00 to $35.00 in a report on Thursday, October 6th. Robert W. Baird reissued an “outperform” rating and set a $46.00 price target on shares of BorgWarner in a report on Wednesday, September 7th. Buckingham Research began coverage on BorgWarner in a report on Tuesday, August 2nd. They issued a “neutral” rating and a $33.00 target price for the company. Finally, Seaport Global Securities began coverage on BorgWarner in a report on Tuesday, August 9th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $38.70.

Shares of BorgWarner (NYSE:BWA) opened at 35.63 on Monday. BorgWarner has a 52-week low of $27.52 and a 52-week high of $44.35. The stock’s 50 day moving average price is $34.98 and its 200-day moving average price is $34.04. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 14.51 and a beta of 1.93.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.01. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.19 billion. BorgWarner had a return on equity of 18.50% and a net margin of 6.01%. BorgWarner’s revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 earnings per share.

Large investors have recently made changes to their positions in the stock. Mizuho Asset Management Co. Ltd. raised its stake in shares of BorgWarner by 106.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,567 shares of the company’s stock valued at $105,000 after buying an additional 1,837 shares during the last quarter. River & Mercantile Asset Management LLP raised its stake in shares of BorgWarner by 166.7% in the second quarter. River & Mercantile Asset Management LLP now owns 4,000 shares of the company’s stock valued at $118,000 after buying an additional 2,500 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of BorgWarner by 7.2% in the second quarter. Pacer Advisors Inc. now owns 4,021 shares of the company’s stock valued at $119,000 after buying an additional 271 shares during the last quarter. Washington Trust Bank raised its stake in shares of BorgWarner by 1.4% in the second quarter. Washington Trust Bank now owns 4,054 shares of the company’s stock valued at $120,000 after buying an additional 54 shares during the last quarter. Finally, Seven Eight Capital LLC acquired a new stake in shares of BorgWarner during the second quarter valued at approximately $121,000. Institutional investors own 88.25% of the company’s stock.

In related news, VP Brady D. Ericson sold 16,240 shares of the company’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $33.77, for a total transaction of $548,424.80. Following the sale, the vice president now owns 70,156 shares in the company, valued at approximately $2,369,168.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas J. Mcgill sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $31.83, for a total value of $159,150.00. Following the sale, the vice president now owns 31,061 shares in the company, valued at approximately $988,671.63. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

BorgWarner Company Profile

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