BorgWarner (NYSE:BWA) Announces Quarterly Earnings Results

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

BorgWarner Trading Up 2.3 %

Shares of NYSE:BWA traded up $0.81 during midday trading on Friday, reaching $36.44. 4,825,565 shares of the company’s stock were exchanged, compared to its average volume of 2,527,433. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 1.07 and a beta of 1.30. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.54 and a quick ratio of 1.30. The firm’s 50 day simple moving average is $33.10 and its two-hundred day simple moving average is $33.76. BorgWarner has a fifty-two week low of $29.51 and a fifty-two week high of $50.04.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Monday, June 3rd. BorgWarner’s payout ratio is 16.67%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. BNP Paribas lowered BorgWarner from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $43.00 to $35.00 in a report on Tuesday, February 20th. Barclays raised their price objective on BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. decreased their price objective on BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. Robert W. Baird raised their price objective on BorgWarner from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday. Finally, Piper Sandler started coverage on BorgWarner in a research note on Friday, March 15th. They issued an “overweight” rating and a $43.00 target price for the company. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.93.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total value of $99,000.00. Following the completion of the transaction, the vice president now directly owns 249,013 shares of the company’s stock, valued at approximately $8,217,429. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total value of $99,000.00. Following the completion of the transaction, the vice president now directly owns 249,013 shares of the company’s stock, valued at approximately $8,217,429. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Tonit M. Calaway sold 35,603 shares of BorgWarner stock in a transaction dated 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 completion of the transaction, the chief accounting officer now 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 in the last three months. 0.45% of the stock is owned by corporate insiders.

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.