BorgWarner (BWA) Scheduled to Post Earnings on Wednesday

BorgWarner (NYSE:BWAGet Rating) is scheduled to be releasing its earnings data before the market opens on Wednesday, August 3rd. Analysts expect BorgWarner to post earnings of $0.89 per share for the quarter. BorgWarner has set its FY22 guidance at $3.90-4.25 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

BorgWarner (NYSE:BWAGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The auto parts company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.25. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.71 billion. BorgWarner had a net margin of 4.57% and a return on equity of 13.34%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the business earned $1.21 earnings per share. On average, analysts expect BorgWarner to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

BorgWarner Trading Down 0.5 %

Shares of NYSE:BWA opened at $36.46 on Wednesday. The stock has a market capitalization of $8.73 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 0.30 and a beta of 1.38. BorgWarner has a 1-year low of $32.28 and a 1-year high of $50.09. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.29 and a current ratio of 1.72. The company has a 50 day moving average price of $36.40 and a 200 day moving average price of $39.03.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BWA. BNP Paribas began coverage on shares of BorgWarner in a report on Monday, April 11th. They set a “neutral” rating for the company. The Goldman Sachs Group reduced their target price on shares of BorgWarner from $41.00 to $40.00 in a report on Wednesday, June 1st. Barclays reduced their target price on shares of BorgWarner from $49.00 to $41.00 and set an “equal weight” rating for the company in a report on Thursday, April 7th. Exane BNP Paribas began coverage on shares of BorgWarner in a research note on Monday, April 11th. They issued a “neutral” rating for the company. Finally, StockNews.com began coverage on shares of BorgWarner in a research note on Thursday, March 31st. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, BorgWarner presently has an average rating of “Hold” and a consensus price target of $44.13.

Insider Buying and Selling

In other BorgWarner news, CAO Tonit M. Calaway sold 17,543 shares of BorgWarner stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $40.27, for a total transaction of $706,456.61. Following the completion of the sale, the chief accounting officer now owns 40,380 shares of the company’s stock, valued at approximately $1,626,102.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other BorgWarner news, CAO Tonit M. Calaway sold 17,543 shares of BorgWarner stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $40.27, for a total transaction of $706,456.61. Following the completion of the sale, the chief accounting officer now owns 40,380 shares of the company’s stock, valued at approximately $1,626,102.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Tonit M. Calaway sold 4,000 shares of BorgWarner stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $38.75, for a total transaction of $155,000.00. Following the sale, the chief accounting officer now directly owns 57,923 shares of the company’s stock, valued at approximately $2,244,516.25. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of BorgWarner by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 26,131,243 shares of the auto parts company’s stock valued at $1,016,505,000 after purchasing an additional 570,039 shares in the last quarter. Invesco Ltd. raised its holdings in BorgWarner by 24.7% in the 1st quarter. Invesco Ltd. now owns 3,637,381 shares of the auto parts company’s stock worth $141,495,000 after acquiring an additional 720,690 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in BorgWarner by 4.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,936,960 shares of the auto parts company’s stock worth $75,348,000 after acquiring an additional 77,059 shares during the period. Ariel Investments LLC raised its holdings in BorgWarner by 2.4% in the 1st quarter. Ariel Investments LLC now owns 1,773,700 shares of the auto parts company’s stock worth $68,997,000 after acquiring an additional 41,849 shares during the period. Finally, Earnest Partners LLC raised its holdings in BorgWarner by 3.6% in the 1st quarter. Earnest Partners LLC now owns 1,638,556 shares of the auto parts company’s stock worth $63,740,000 after acquiring an additional 57,656 shares during the period. Institutional investors own 90.96% of the company’s stock.

BorgWarner Company Profile

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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.

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Earnings History for BorgWarner (NYSE:BWA)

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