BorgWarner (NYSE:BWA) Announces Earnings Results

BorgWarner (NYSE:BWA) announced its quarterly earnings results on Thursday. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.16, Briefing.com reports. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.51 billion. BorgWarner had a return on equity of 15.33% and a net margin of 4.02%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $1.09 EPS.

BorgWarner Stock Up 2.3 %

Shares of BorgWarner stock traded up $0.81 during midday trading on Friday, hitting $36.44. The company’s stock had a trading volume of 4,825,565 shares, compared to its average volume of 2,527,433. The firm has a market capitalization of $8.37 billion, a P/E ratio of 13.80, a PEG ratio of 1.07 and a beta of 1.30. The stock has a 50-day simple moving average of $33.10 and a 200-day simple moving average of $33.76. The company has a quick ratio of 1.30, a current ratio of 1.54 and a debt-to-equity ratio of 0.55. BorgWarner has a 1-year low of $29.51 and a 1-year high of $50.04.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.21%. BorgWarner’s dividend payout ratio (DPR) is presently 16.67%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on BWA shares. Piper Sandler started coverage on BorgWarner in a research report on Friday, March 15th. They issued an “overweight” rating and a $43.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. Robert W. Baird raised their target price on BorgWarner from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday. TD Cowen lifted their price target on BorgWarner from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Friday. Finally, TheStreet cut BorgWarner from a “b-” rating to a “c+” rating in a research report on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and a consensus target price of $43.93.

Insider Transactions at BorgWarner

In other news, CAO Tonit M. Calaway sold 35,603 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $32.15, for a total value of $1,144,636.45. Following the completion of the sale, the chief accounting officer now owns 83,348 shares of the company’s stock, valued at $2,679,638.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Frederic Lissalde sold 225,900 shares of BorgWarner stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the completion of the sale, the chief executive officer now owns 455,227 shares of the company’s stock, valued at $14,148,455.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Tonit M. Calaway sold 35,603 shares of BorgWarner stock in a transaction on Monday, February 12th. The shares were sold at an average price of $32.15, for a total value of $1,144,636.45. Following the sale, the chief accounting officer now directly owns 83,348 shares of the company’s stock, valued at approximately $2,679,638.20. The disclosure for this sale can be found here. Insiders sold a total of 287,503 shares of company stock valued at $9,015,478 over the last quarter. Company insiders own 0.45% of the company’s stock.

BorgWarner Company Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.