BorgWarner (NYSE:BWA) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $0.83-0.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.02. The company issued revenue guidance of (1.5%) – 1.5% to $2.44-2.52 billion, compared to the consensus revenue estimate of $2.50 billion.BorgWarner also updated its FY 2019 guidance to $3.75-4.00 EPS.

Several equities analysts recently issued reports on the company. Zacks Investment Research lowered Guaranty Federal Bancshares from a hold rating to a sell rating in a research report on Tuesday, April 23rd. Deutsche Bank reaffirmed a buy rating and set a $23.00 price target on shares of ABB in a research report on Friday. Bank of America set a $64.00 price target on Verizon Communications and gave the stock a buy rating in a research report on Tuesday, April 23rd. Credit Suisse Group set a €59.00 ($68.60) price target on Renault and gave the stock a neutral rating in a research report on Friday. Finally, Royal Bank of Canada upped their price target on Alphabet to $1,425.00 and gave the stock an outperform rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. BorgWarner currently has a consensus rating of Hold and a consensus price target of $46.77.

NYSE:BWA traded down $1.41 during trading hours on Friday, reaching $39.16. 2,909,913 shares of the stock were exchanged, compared to its average volume of 1,720,757. BorgWarner has a twelve month low of $32.46 and a twelve month high of $46.97. The company has a current ratio of 1.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The company’s 50 day simple moving average is $40.75. The stock has a market capitalization of $8.12 billion, a PE ratio of 8.74, a PEG ratio of 1.30 and a beta of 1.82.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $1.00 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.00. BorgWarner had a return on equity of 20.13% and a net margin of 7.53%. The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the business posted $1.18 EPS. The business’s revenue was down 5.3% compared to the same quarter last year. Analysts forecast that BorgWarner will post 3.88 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.74%. BorgWarner’s dividend payout ratio is currently 15.18%.

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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