BorgWarner (NYSE:BWA) Posts Earnings Results, Beats Estimates By $0.16 EPS

BorgWarner (NYSE:BWA) issued its quarterly earnings data on Thursday. The auto parts company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.16, Briefing.com reports. BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis.

BorgWarner Stock Up 2.3 %

BWA stock traded up $0.81 during trading on Friday, hitting $36.44. 4,823,602 shares of the company’s stock traded hands, compared to its average volume of 2,896,684. The firm has a market capitalization of $8.37 billion, a P/E ratio of 13.65, a PEG ratio of 0.98 and a beta of 1.30. BorgWarner has a 1 year low of $29.51 and a 1 year high of $50.04. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61. The business has a fifty day simple moving average of $32.98 and a two-hundred day simple moving average of $33.79.

BorgWarner Announces Dividend

The firm also recently declared 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 is Monday, June 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.21%. BorgWarner’s payout ratio is presently 16.48%.

Insiders Place Their Bets

In other news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total value of $99,000.00. Following the transaction, the vice president now directly owns 249,013 shares in the company, valued at approximately $8,217,429. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total value of $99,000.00. Following the transaction, the vice president now directly owns 249,013 shares of the company’s stock, valued at $8,217,429. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Volker Weng sold 20,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $32.85, for a total value of $657,000.00. Following the sale, the vice president now owns 111,964 shares of the company’s stock, valued at approximately $3,678,017.40. The disclosure for this sale can be found here. Insiders sold a total of 287,503 shares of company stock worth $9,015,478 over the last 90 days. Company insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BWA shares. The Goldman Sachs Group dropped their target price on BorgWarner from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, February 9th. Barclays increased their price objective on shares of BorgWarner from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Wells Fargo & Company boosted their target price on BorgWarner from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. reduced their price target on BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. Finally, Oppenheimer boosted their price objective on BorgWarner from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Friday. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.