BorgWarner (BWA) to Release Quarterly Earnings on Thursday

BorgWarner (NYSE:BWA) is scheduled to 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.Investors that wish to listen to the company’s conference call can do so using this link.

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

BorgWarner Stock Performance

BorgWarner stock opened at $32.79 on Wednesday. The company has a market cap of $7.53 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 0.99 and a beta of 1.30. BorgWarner has a 12 month low of $29.51 and a 12 month high of $50.04. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.65 and a quick ratio of 1.30. The stock’s 50-day moving average is $32.77 and its 200-day moving average is $33.82.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a $0.11 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.44 annualized dividend and a yield of 1.34%. BorgWarner’s payout ratio is 16.48%.

Insider Buying and Selling at BorgWarner

In other news, VP Stefan Demmerle sold 3,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total transaction of $93,870.00. Following the completion of the transaction, the vice president now owns 252,013 shares in the company, valued at $7,885,486.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Tonit M. Calaway sold 35,603 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief accounting officer now directly owns 83,348 shares of the company’s stock, valued at $2,679,638.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Stefan Demmerle sold 3,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total value of $93,870.00. Following the sale, the vice president now owns 252,013 shares of the company’s stock, valued at approximately $7,885,486.77. The disclosure for this sale can be found here. Insiders have sold 287,503 shares of company stock worth $9,015,478 over the last quarter. 0.63% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BWA has been the subject of several research reports. JPMorgan Chase & Co. decreased their price objective on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Barclays increased their price target on BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. StockNews.com lowered BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. BNP Paribas downgraded BorgWarner from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $43.00 to $35.00 in a research report on Tuesday, February 20th. Finally, Piper Sandler started coverage on BorgWarner in a research note on Friday, March 15th. They issued an “overweight” rating and a $43.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.30.

BorgWarner Company Profile

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.