BorgWarner (BWA) Expected to Announce Quarterly Earnings on Thursday

BorgWarner (NYSE:BWA) is anticipated to release its earnings data before the market opens on Thursday, February 6th. Analysts expect BorgWarner to post earnings of $0.93 per share and revenue of $3.47 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17. The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. On average, analysts expect BorgWarner to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

BorgWarner Price Performance

Shares of BWA opened at $32.47 on Thursday. BorgWarner has a one year low of $29.51 and a one year high of $38.22. The stock’s fifty day moving average is $32.85 and its 200-day moving average is $33.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 8.24, a price-to-earnings-growth ratio of 0.63 and a beta of 1.20.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.11 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.44 annualized dividend and a yield of 1.36%. BorgWarner’s payout ratio is 11.17%.

Insider Activity

In other news, CEO Frederic Lissalde sold 154,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the transaction, the chief executive officer now directly owns 259,957 shares in the company, valued at $8,997,111.77. The trade was a 37.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Paul Arthur Farrell sold 20,266 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.47, for a total value of $698,569.02. Following the sale, the executive vice president now owns 32,366 shares of the company’s stock, valued at approximately $1,115,656.02. This represents a 38.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 222,010 shares of company stock worth $7,678,076. 0.45% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BWA has been the subject of several recent analyst reports. The Goldman Sachs Group decreased their price objective on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. decreased their price target on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday. Wells Fargo & Company dropped their price objective on BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft raised their target price on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Barclays cut their price target on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.40.

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.