BorgWarner (NYSE:BWA) issued an update on its FY 2020
Pre-Market earnings guidance on Thursday morning. The company provided EPS guidance of 3.85-4.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.01. The company issued revenue guidance of $9.75-10.075 billion, compared to the consensus revenue estimate of $10.15 billion.BorgWarner also updated its FY20 guidance to $3.85-4.15 EPS.

Shares of BWA traded down $0.93 during mid-day trading on Friday, hitting $34.15. The company’s stock had a trading volume of 5,008,148 shares, compared to its average volume of 2,867,081. The firm has a 50-day moving average price of $39.10 and a 200 day moving average price of $38.84. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 1.07 and a beta of 1.91. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.58 and a quick ratio of 1.26. BorgWarner has a fifty-two week low of $30.71 and a fifty-two week high of $46.60.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, February 13th. The auto parts company reported $1.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.14. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.49 billion. BorgWarner had a net margin of 7.43% and a return on equity of 19.43%. The company’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.21 earnings per share. As a group, equities analysts anticipate that BorgWarner will post 3.99 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Friday, February 28th. BorgWarner’s dividend payout ratio (DPR) is currently 15.18%.

BorgWarner declared that its Board of Directors has initiated a share buyback program on Tuesday, January 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to buy up to 14.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Several equities research analysts have recently weighed in on BWA shares. Credit Suisse Group lowered shares of BorgWarner from an outperform rating to a neutral rating and lowered their target price for the stock from $43.00 to $41.00 in a report on Monday, January 27th. ValuEngine raised shares of BorgWarner from a sell rating to a hold rating in a report on Friday, January 10th. Morgan Stanley lowered their target price on shares of BorgWarner from $52.00 to $43.00 and set an overweight rating on the stock in a report on Thursday, January 30th. Oppenheimer set a $47.00 target price on shares of BorgWarner and gave the stock a buy rating in a report on Friday, November 1st. Finally, Barclays reaffirmed a buy rating and issued a $46.00 target price on shares of BorgWarner in a report on Sunday, November 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $44.71.

About BorgWarner

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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Earnings History and Estimates for BorgWarner (NYSE:BWA)

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