BorgWarner Hits 52-Week High - Analyst Blog
13 Mai 2013 - 3:00PM
Zacks
Shares of BorgWarner Inc. (BWA) hit a new
52-week high of $82.84 on May 9, which is above its previous level
of $80.10, and closed at $81.77on the same date. Their last closing
price was $82.22, which represented a one-year return of 6.4% and
year-to-date return of 10.3%.
The leading manufacturer of powertrain products for the world’s
major automakers has a market cap of $9.5 billion. Average volume
of shares traded over the last three months stood at approximately
1,019.7K.
Shares of the company started escalating following its impressive
2013-first quarter results on Apr 25. The company posted a 1.6%
increase in adjusted earnings to $1.30 per share (excluding
non-recurring items) in the first quarter of 2013 from $1.28 in the
first quarter of 2012. Earning per share surpassed the Zacks
Consensus Estimate by 8 cents.
However, revenues dipped 3.2% to $1.85 billion, but were marginally
ahead of the Zacks Consensus Estimate of $1.84 billion. The
decrease in revenues was driven by a 9% decline in light vehicle
production in Europe, which accounts for over half of the company’s
sales. Global light vehicle production went down 1%. Excluding the
impact of foreign currencies and dispositions in 2012, revenues
declined 1% year over year.
Operating income (excluding non-recurring items) declined 4.3% to
$216.0 million or 11.7% of net sales from $225.7 million or 11.8%
in the first quarter of 2012.
For 2013, BorgWarner anticipates that annual sales will improve
between 2% and 6%. Excluding the impact of 2012 dispositions, net
sales are expected to increase between 3% and 7%.
The company also expects net earnings between $5.15 and $5.45 per
share for the year and operating margin to be higher than 11.5% in
2013.
BorgWarner’s products are capable of improving vehicle performance
and stability meeting fuel-efficiency and emission standards. It
currently retains a Zacks Rank #3 (Hold).
The company operates in 57 locations in 19 countries. These
products are manufactured and sold worldwide, primarily to original
equipment manufacturers of passenger cars, SUVs, trucks and
commercial transportation products. The company’s largest customers
include Ford Motor Co. (F), Toyota Motor
Corp. (TM) and Honda Motor Co. ( HMC)
.
BORG WARNER INC (BWA): Free Stock Analysis Report
FORD MOTOR CO (F): Free Stock Analysis Report
HONDA MOTOR (HMC): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis Report
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