Analysts Set Expectations for BorgWarner FY2024 Earnings

BorgWarner Inc. (NYSE:BWA) – Investment analysts at Zacks Research boosted their FY2024 earnings per share estimates for shares of BorgWarner in a research note issued on Thursday, November 21st. Zacks Research analyst R. Department now expects that the auto parts company will post earnings of $4.17 per share for the year, up from their previous forecast of $4.14. The consensus estimate for BorgWarner’s current full-year earnings is $4.22 per share. Zacks Research also issued estimates for BorgWarner’s Q4 2024 earnings at $0.86 EPS, Q2 2025 earnings at $1.20 EPS, Q4 2025 earnings at $1.12 EPS and Q2 2026 earnings at $1.34 EPS.

BWA has been the topic of a number of other reports. Barclays raised their price objective on BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Wolfe Research began coverage on BorgWarner in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. The Goldman Sachs Group dropped their price target on BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. JPMorgan Chase & Co. dropped their price target on BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Finally, Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.21.

BorgWarner Stock Down 2.9 %

Shares of BWA stock opened at $34.17 on Monday. The stock’s 50 day simple moving average is $34.50 and its 200 day simple moving average is $33.87. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. BorgWarner has a twelve month low of $29.51 and a twelve month high of $38.22. The company has a market capitalization of $7.47 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 0.75 and a beta of 1.20.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The business had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period last year, the business earned $0.98 EPS. The firm’s revenue was down 4.8% compared to the same quarter last year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner’s dividend payout ratio is 11.17%.

Insider Activity at BorgWarner

In related news, EVP Paul Arthur Farrell sold 20,266 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.47, for a total value of $698,569.02. Following the sale, the executive vice president now owns 32,366 shares of the company’s stock, valued at $1,115,656.02. The trade was a 38.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederic Lissalde sold 154,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.61, for a total value of $5,329,940.00. Following the completion of the sale, the chief executive officer now directly owns 259,957 shares in the company, valued at approximately $8,997,111.77. This represents a 37.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 201,466 shares of company stock valued at $6,973,828 in the last 90 days. 0.45% of the stock is owned by corporate insiders.

Institutional Trading of BorgWarner

Several large investors have recently made changes to their positions in the business. Studio Investment Management LLC grew its holdings in shares of BorgWarner by 12.4% during the third quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company’s stock worth $102,000 after purchasing an additional 310 shares during the last quarter. Spectrum Asset Management Inc. NB CA grew its holdings in shares of BorgWarner by 0.5% during the third quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company’s stock worth $2,158,000 after purchasing an additional 316 shares during the last quarter. First Pacific Financial grew its holdings in shares of BorgWarner by 3.6% during the second quarter. First Pacific Financial now owns 9,763 shares of the auto parts company’s stock worth $315,000 after purchasing an additional 340 shares during the last quarter. Alpha Omega Wealth Management LLC grew its holdings in shares of BorgWarner by 2.2% during the third quarter. Alpha Omega Wealth Management LLC now owns 16,599 shares of the auto parts company’s stock worth $602,000 after purchasing an additional 350 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of BorgWarner by 1.4% during the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock worth $1,003,000 after purchasing an additional 394 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

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.