BorgWarner (BWA) to Release Quarterly Earnings on Wednesday

BorgWarner (NYSE:BWAGet Rating) is scheduled to be announcing its earnings results before the market opens on Wednesday, May 4th. Analysts expect the company to announce earnings of $0.88 per share for the quarter. BorgWarner has set its FY 2022 guidance at $4.150-$4.600 EPS and its FY22 guidance at $4.15-$4.60 EPS.Investors interested in participating in the company’s conference call can do so using this link.

BorgWarner (NYSE:BWAGet Rating) last issued its quarterly earnings results on Tuesday, February 15th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.32. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a net margin of 3.62% and a return on equity of 14.22%. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.18 EPS. On average, analysts expect BorgWarner to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of NYSE BWA opened at $35.93 on Wednesday. The company has a market capitalization of $8.62 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 0.32 and a beta of 1.42. BorgWarner has a 52-week low of $34.85 and a 52-week high of $55.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.33 and a current ratio of 1.74. The company’s 50 day moving average price is $38.57 and its 200-day moving average price is $43.20.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 1st were paid a $0.17 dividend. The ex-dividend date was Monday, February 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.89%. BorgWarner’s dividend payout ratio is currently 30.36%.

In other BorgWarner news, EVP Felecia J. Pryor sold 6,590 shares of the business’s stock in a transaction on Wednesday, March 9th. The shares were sold at an average price of $38.01, for a total transaction of $250,485.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of BWA. Neo Ivy Capital Management bought a new stake in shares of BorgWarner in the 4th quarter worth $25,000. Canada Pension Plan Investment Board grew its stake in shares of BorgWarner by 36.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 3,829 shares of the auto parts company’s stock worth $173,000 after acquiring an additional 1,032 shares in the last quarter. Covington Capital Management bought a new stake in shares of BorgWarner in the 4th quarter worth $202,000. Advisors Asset Management Inc. grew its stake in shares of BorgWarner by 70.9% in the 4th quarter. Advisors Asset Management Inc. now owns 5,357 shares of the auto parts company’s stock worth $241,000 after acquiring an additional 2,222 shares in the last quarter. Finally, Forum Financial Management LP bought a new stake in shares of BorgWarner in the 4th quarter worth $250,000. Hedge funds and other institutional investors own 91.89% of the company’s stock.

Several analysts have recently weighed in on BWA shares. Exane BNP Paribas started coverage on shares of BorgWarner in a research note on Monday, April 11th. They issued a “neutral” rating for the company. Morgan Stanley lifted their price objective on shares of BorgWarner from $31.00 to $32.00 and gave the company an “underweight” rating in a research note on Monday, February 28th. Citigroup lowered their price objective on shares of BorgWarner from $52.00 to $43.00 in a research note on Tuesday, April 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of BorgWarner from $53.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, April 21st. Finally, Wells Fargo & Company lowered their price objective on shares of BorgWarner from $60.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, April 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $46.20.

BorgWarner Company Profile (Get Rating)

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through four segments: Air Management, E-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.

Further Reading

Earnings History for BorgWarner (NYSE:BWA)

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