Join        Login             Stock Quote

Borgwarner (BWA) Forecasts Earnings, Sales Growth For 2013; Shares Rise

 January 16, 2013 09:51 AM

(By Balachander) BorgWarner Inc. (NYSE: BWA), which supplies engineered automotive systems for powertrain applications, forecast earnings and sales growth for 2013, saying demand for its product technologies continues to accelerate.

The Auburn Hills, Michigan-based-based company expects earnings per share (EPS) of $5.15 to $5.45 for 2013, up 5 percent to 9 percent from 2012 EPS view of $4.90 to $5.00, excluding items.

Wall Street analysts, on average, expect EPS of $4.95 for 2012 and $5.24 for 2013.

The company anticipates reported sales growth of 2 percent to 6 percent driven by its backlog of net new business.

[Related -Homebuilders Surprise To The Downside]

Excluding the impact of disposal activities in 2012, BorgWarner expects sales growth to be 3 percent to 7 percent versus consensus estimates of an increase of 4.70 percent for 2013.

The company forecast global light vehicle production to rise roughly 1 percent, and European light vehicle production to drop 3 percent for the year.

BorgWarner expects its 2013 operating income margin to be 11.5 percent or better, in line with its 2012 outlook, citing incremental income from higher sales, restructuring actions taken in 2012 and cost reduction plans.

The company's customers include Ford (F), General Motors (GM), Toyota (TM), Daimler and Chrysler, among others.

The stock, which has been trading in the 52-week range of $60.17 to $87.45, added 3.71 percent to trade at $76.33 on Wednesday.

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageEmerging-Markets Stocks Took The Lead Last Week

Emerging-markets equities enjoyed a solid rise last week among the major asset classes, based on a set of read on...

article imageDoes Your Latest Investment Pass This Test?

On Wednesday, I sounded the alarm about the problems looming for some consumer staples stocks. In short, read on...

article imageIs The Slump In US Manufacturing Easing?

Yesterday’s November survey data from the Philadelphia Fed hints at the possibility that a stronger trend read on...

article imageMarket Potentially Facing Near Term Technical Headwinds

After the S&P 500 Index pullback on Thursday and Friday last week, the market's advance on Monday and read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.