FY2024 EPS Estimates for BorgWarner Lifted by Zacks Research

BorgWarner Inc. (NYSE:BWA) – Stock analysts at Zacks Research upped their FY2024 earnings estimates for BorgWarner in a research report issued on Thursday, November 21st. Zacks Research analyst R. Department now forecasts that the auto parts company will post earnings of $4.17 per share for the year, up from their prior forecast of $4.14. The consensus estimate for BorgWarner’s current full-year earnings is $4.24 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.

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

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company reduced their target price on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. JPMorgan Chase & Co. lowered their price objective on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Robert W. Baird increased their target price on BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Finally, StockNews.com raised BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and an average target price of $41.21.

BorgWarner Stock Performance

NYSE:BWA opened at $34.12 on Monday. BorgWarner has a fifty-two week low of $29.51 and a fifty-two week high of $38.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. The company has a 50 day moving average price of $34.44 and a 200 day moving average price of $33.88. The stock has a market capitalization of $7.46 billion, a P/E ratio of 8.66, a PEG ratio of 0.70 and a beta of 1.20.

BorgWarner Dividend Announcement

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

Insider Activity at BorgWarner

In other BorgWarner news, CEO Frederic Lissalde sold 154,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Paul Arthur Farrell sold 20,266 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.47, for a total transaction 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 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.

Hedge Funds Weigh In On BorgWarner

Several institutional investors have recently modified their holdings of BWA. Matrix Trust Co acquired a new position in shares of BorgWarner in the third quarter valued at approximately $25,000. Brooklyn Investment Group bought a new stake in BorgWarner in the 3rd quarter valued at $32,000. LRI Investments LLC bought a new position in BorgWarner during the 1st quarter worth about $35,000. Sentry Investment Management LLC acquired a new stake in shares of BorgWarner in the 2nd quarter valued at about $32,000. Finally, True Wealth Design LLC bought a new stake in shares of BorgWarner in the third quarter valued at about $38,000. Institutional investors own 95.67% of the company’s stock.

About BorgWarner

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.