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

BorgWarner (NYSE:BWA) posted its quarterly earnings results 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 15.33% and a net margin of 4.02%. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the prior year, the company earned $1.09 EPS. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year.

BorgWarner Price Performance

Shares of BWA traded up $0.81 during trading hours on Friday, reaching $36.44. 4,825,565 shares of the stock traded hands, compared to its average volume of 2,527,433. The company has a market cap of $8.37 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 1.07 and a beta of 1.30. The company has a current ratio of 1.54, a quick ratio of 1.30 and a debt-to-equity ratio of 0.55. The company’s 50-day moving average price is $33.10 and its two-hundred day moving average price is $33.76. BorgWarner has a 52-week low of $29.51 and a 52-week high of $50.04.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Monday, June 3rd. BorgWarner’s dividend payout ratio (DPR) is currently 16.67%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on BWA shares. Oppenheimer upped their price target on shares of BorgWarner from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday. Barclays lifted their price target on BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. BNP Paribas downgraded BorgWarner from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $43.00 to $35.00 in a research note on Tuesday, February 20th. JPMorgan Chase & Co. lowered their price target on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. Finally, Robert W. Baird boosted their price objective on shares of BorgWarner from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and a consensus price target of $43.93.

Insiders Place Their Bets

In other news, VP Stefan Demmerle sold 3,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total transaction of $99,000.00. Following the completion of the transaction, the vice president now directly owns 249,013 shares in the company, valued at approximately $8,217,429. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other BorgWarner news, CAO Tonit M. Calaway sold 35,603 shares of the stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 83,348 shares in the company, valued at approximately $2,679,638.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stefan Demmerle sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total value of $99,000.00. Following the sale, the vice president now directly owns 249,013 shares in the company, valued at approximately $8,217,429. The disclosure for this sale can be found here. Insiders sold 287,503 shares of company stock worth $9,015,478 in the last three months. 0.45% of the stock is owned by company insiders.

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.