) 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%.
BORG WARNER INC (BWA): Free Stock Analysis
FORD MOTOR CO (F): Free Stock Analysis Report
HONDA MOTOR (HMC): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis
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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
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%
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
Ford Motor Co.
Toyota Motor Corp.
Honda Motor Co.