BorgWarner Inc. (NYSE:BWA) declared a quarterly dividend on Thursday, July 30th, RTT News reports. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.17 per share by the auto parts company on Tuesday, September 15th. This represents a $0.68 annualized dividend and a yield of 1.86%.
BorgWarner has increased its dividend payment by an average of 28.3% annually over the last three years and has increased its dividend every year for the last 4 years. BorgWarner has a dividend payout ratio of 34.3% meaning its dividend is sufficiently covered by earnings. Analysts expect BorgWarner to earn $3.17 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 21.5%.
Shares of BWA stock opened at $36.60 on Friday. The firm has a market cap of $7.59 billion, a P/E ratio of 10.58, a P/E/G ratio of 2.14 and a beta of 1.74. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.76 and a quick ratio of 1.36. BorgWarner has a 1-year low of $17.00 and a 1-year high of $46.60. The firm has a fifty day moving average of $35.58 and a two-hundred day moving average of $31.78.
BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.28. BorgWarner had a net margin of 7.24% and a return on equity of 17.15%. The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the business earned $1.00 EPS. The firm’s revenue for the quarter was down 11.2% compared to the same quarter last year. On average, sell-side analysts expect that BorgWarner will post 1.9 EPS for the current year.
In other BorgWarner news, VP Brady D. Ericson sold 10,279 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $36.65, for a total transaction of $376,725.35. Also, VP Joseph F. Fadool sold 26,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $37.36, for a total transaction of $971,360.00. Following the completion of the sale, the vice president now owns 113,214 shares in the company, valued at $4,229,675.04. The disclosure for this sale can be found here. Insiders have sold a total of 83,935 shares of company stock valued at $2,888,093 over the last three months. 0.51% of the stock is currently owned by company insiders.
Several research firms have recently commented on BWA. Oppenheimer reaffirmed a “buy” rating and issued a $44.00 price target on shares of BorgWarner in a report on Thursday, June 4th. KeyCorp lifted their price target on shares of BorgWarner from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. lifted their price target on shares of BorgWarner from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, June 19th. Barclays lifted their price target on shares of BorgWarner from $34.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Finally, Wolfe Research raised shares of BorgWarner from a “peer perform” rating to an “outperform” rating and set a $49.00 price target for the company in a report on Thursday, May 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $40.63.
BorgWarner Company Profile
BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.
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