BorgWarner (NYSE:BWA) Releases Quarterly Earnings Results, Beats Expectations By $0.16 EPS

BorgWarner (NYSE:BWA) issued its quarterly earnings results on Thursday. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.51 billion. During the same period last year, the company earned $1.09 EPS. BorgWarner’s quarterly revenue was up 6.3% compared to the same quarter last year.

BorgWarner Trading Up 2.3 %

NYSE:BWA opened at $36.44 on Friday. The firm has a 50 day moving average of $33.10 and a 200 day moving average of $33.72. 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 52 week low of $29.51 and a 52 week high of $50.04. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.09 and a beta of 1.30.

BorgWarner Dividend Announcement

The company also recently disclosed 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. 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 currently 16.67%.

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 approximately $2,679,638.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Volker Weng sold 20,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $32.85, for a total value of $657,000.00. Following the transaction, the vice president now directly owns 111,964 shares of the company’s stock, valued at $3,678,017.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Tonit M. Calaway sold 35,603 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the completion of the sale, the chief accounting officer now directly owns 83,348 shares in the company, valued at $2,679,638.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 287,503 shares of company stock valued at $9,015,478. Corporate insiders own 0.45% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on BWA shares. Robert W. Baird upped their price target on shares of BorgWarner from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday. BNP Paribas downgraded shares of BorgWarner from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $43.00 to $35.00 in a research note on Tuesday, February 20th. TD Cowen lifted their price target on shares of BorgWarner from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Friday. Oppenheimer increased their price objective on BorgWarner from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Wells Fargo & Company raised their price objective on BorgWarner from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.93.

About BorgWarner

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.