BorgWarner (BWA) updated its FY13 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $5.15-5.45 for the period, compared to the Thomson Reuters consensus estimate of $5.29. The company issued revenue guidance of +2-6% (~$7.3-7.6 billion), compared to the consensus revenue estimate of $7.50 billion.
Several analysts have also recently commented on the stock. Analysts at KeyBanc upgraded shares of BorgWarner from a hold rating to a buy rating in a research note to investors on Monday, January 28th. They now have a $92.00 price target on the stock. Finally, analysts at Sterne Agee downgraded shares of BorgWarner from a buy rating to a neutral rating in a research note to investors on Monday, January 28th.
Eleven research analysts have rated the stock with a buy rating, and eleven have assigned a hold rating to the company. BorgWarner has an average rating of overweight and a consensus target price of $79.72.
Shares of BorgWarner (BWA) traded down 0.04% during mid-day trading on Thursday, hitting $75.14. BorgWarner (BWA) has a one year low of $60.17 and a one year high of $87.45. The stock’s 50-day moving average is currently $74.16. The company has a market cap of $8.794 billion and a P/E ratio of 18.14.
BorgWarner last released its earnings data on Thursday, February 14th. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.13 by $0.03. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the company posted $1.19 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. BorgWarner has set its FY13 guidance at $5.15-5.45 EPS. Analysts expect that BorgWarner (BWA) will post $4.96 EPS for the current fiscal year.
BorgWarner Inc. is a global supplier of engineered automotive systems and components primarily for powertrain applications.
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