• Username (E-mail)
  • Password
Dow 19,800 -0.1%  EStoxx50 3,281 0.2%  Nikkei 18,788 -0.6%  EUR 1.0731 -0.3% 
Nasdaq 5,553 0.0%  FTSE100 7,172 0.3%  Yen 113.3740 0.7%  Oil 55.4 0.0% 
S&P500 2,265 -0.3%  DAX 11,577 0.3%  GBP 1.2448 -0.7%  Gold 1,212 -0.6% 

BorgWarner share [Symbol: BWA / ISIN: US0997241064]

01/11/2017 06:49:32 AM
01/11/2017 06:49:32 AM UTC-0500

BorgWarner Sees Q1, FY17 EPS Below View


(RTTNews) - BorgWarner Inc. (BWA) said it expects net earnings for first quarter 2017 to be in the range of $0.81 to $0.85 per share, and organic net sales growth of 2.5% to 6.5% compared with first quarter 2016 net sales of $2.27 billion. Excluding the impact of weaker foreign currencies and the Remy light vehicle aftermarket sale, net sales growth is expected to be 2.5% to 6.5%. Analysts polled by Thomson Reuters expect the company to report earnings of $0.86 per share for the first-quarter. Analysts' estimates typically exclude special items.

For fiscal year 2017, the company anticipates net earnings of $3.35 to $3.45 per share. Foreign currencies are expected to lower net earnings by $0.13. Excluding this impact, guidance implies a 7% to 10% on a constant currency basis. It projects net sales of $8.81 billion - $9.04 billion, implying organic sales growth of 3.5% to 6.0% compared with expected 2016 net sales of ~$9.05 billion. Excluding the impact of weaker foreign currencies and the Remy light vehicle aftermarket sale, net sales growth is expected to be 3.5% to 6.0%. It expects to repurchase $100 million of its shares. Analysts expect annual earnings of $3.52 per share.

The company expects its net new business backlog to drive a compound annual organic growth rate of 5.0% - 7.0% from 2016 through 2019. Net new business is expected to be within a range of $410 million to $590 million in 2017, $460 million to $670 million in 2018 and $500 million to $700 million in 2019.

Analyst Opinions for BorgWarner Inc.

More Analyst Opinions
  • All
  • Buy
  • Hold
  • Sell
12/12/12
BorgWarner UBS AG
11/07/12
BorgWarner RBC Capital Markets
07/18/12
BorgWarner Robert W. Baird & Co. Incorporated
07/16/12
BorgWarner UBS AG
07/09/12
BorgWarner Jefferies & Company Inc.

Add or Edit Instrument

Related Stocks

BorgWarner Inc. 39.50 -0.90% BorgWarner Inc.

Stock Market

News Ticker

News

  • News on Stocks
  • All News
pagehit