BorgWarner Reports Solid Improvement in 4Q and Full-Year 2016 Results; Maintaining $52 Fair Value
Narrow-moat-rated BorgWarner, which provides engine and drivetrain components and systems to the global automotive industry, reported fourth-quarter and full-year 2016 EPS before special items of $0.85 and $3.27, just a penny better than the consensus estimates of $0.84 and $3.26, respectively. After special items, including a $703 million noncash asbestos-related charge, fourth-quarter and full-year as reported EPS were negative $1.39 and $0.55. This 4-star-rated stock currently trades at an at...BorgWarner is a holding company. Through its subsidiaries, the company is a global product provider in technology solutions for combustion, hybrid and electric vehicles. The company manufactures and sells these products worldwide, primarily to original equipment manufacturers of light vehicles (passenger cars, sport-utility vehicles, vans and light trucks). The company's segments are: Engine, which provides turbochargers, eBoosters, timing systems, emissions systems, thermal systems, gasoline ignition technology, cabin heaters, battery heaters and battery charging; and Drivetrain, which provides rotating electrical components, power electronics, clutching systems, control modules and all-wheel drive systems.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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