BorgWarner (BWA) to Release Earnings on Thursday

BorgWarner (NYSE:BWA) will be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect BorgWarner to post earnings of $0.89 per share for the quarter. BorgWarner has set its FY24 guidance at $3.65-4.00 EPS and its FY 2024 guidance at 3.650-4.000 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, February 8th. The auto parts company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.03). BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same period in the prior year, the business posted $1.26 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts expect BorgWarner to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

BorgWarner Price Performance

BWA stock opened at $32.79 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.65 and a quick ratio of 1.30. BorgWarner has a 1 year low of $29.51 and a 1 year high of $50.04. The firm has a 50-day moving average of $32.77 and a 200 day moving average of $33.82. The company has a market cap of $7.53 billion, a P/E ratio of 12.28, a PEG ratio of 0.99 and a beta of 1.30.

BorgWarner Announces Dividend

The company 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. This represents a $0.44 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, June 3rd. BorgWarner’s dividend payout ratio is currently 16.48%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. 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 research note on Thursday, January 25th. The Goldman Sachs Group decreased their price target on shares of BorgWarner from $38.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Piper Sandler started coverage on shares of BorgWarner in a research note on Friday, March 15th. They set an “overweight” rating and a $43.00 price objective on the stock. BNP Paribas downgraded shares of BorgWarner from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $43.00 to $35.00 in a research note on Tuesday, February 20th. Finally, Barclays lifted their target price on shares of BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $44.30.

Insider Activity at BorgWarner

In other BorgWarner news, CEO Frederic Lissalde sold 225,900 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total value of $7,020,972.00. Following the completion of the transaction, the chief executive officer now owns 455,227 shares of the company’s stock, valued at approximately $14,148,455.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other BorgWarner news, CEO Frederic Lissalde sold 225,900 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were 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 directly owns 455,227 shares in the company, valued at approximately $14,148,455.16. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Tonit M. Calaway sold 35,603 shares of the 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 transaction, 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. Insiders have sold 287,503 shares of company stock valued at $9,015,478 over the last ninety days. Insiders own 0.63% of the company’s stock.

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.