BorgWarner (NYSE:BWA) Posts Quarterly Earnings Results, Beats Estimates By $0.16 EPS

BorgWarner (NYSE:BWA - Get Free Report) announced its earnings results on Thursday. The auto parts company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.16, Briefing.com reports. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.51 billion. BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The firm's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 earnings per share.

BorgWarner Stock Up 2.3 %

BWA traded up $0.81 during midday trading on Friday, hitting $36.44. The company had a trading volume of 4,823,602 shares, compared to its average volume of 2,896,684. The stock's 50 day moving average price is $32.98 and its 200 day moving average price is $33.79. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 0.98 and a beta of 1.30. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61. BorgWarner has a 52 week low of $29.51 and a 52 week high of $50.04.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.11 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.21%. BorgWarner's payout ratio is presently 16.48%.

Insider Buying and Selling at BorgWarner

In related news, VP Stefan Demmerle sold 3,000 shares of BorgWarner 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 completion of the sale, the vice president now owns 252,013 shares of the company's stock, valued at approximately $7,885,486.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, VP Stefan Demmerle sold 3,000 shares of the company's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $31.29, for a total transaction of $93,870.00. Following the completion of the sale, the vice president now owns 252,013 shares in the company, valued at $7,885,486.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Volker Weng sold 20,000 shares of the firm's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $32.85, for a total value of $657,000.00. Following the transaction, the vice president now owns 111,964 shares in the company, valued at $3,678,017.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 287,503 shares of company stock valued at $9,015,478. Company insiders own 0.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BWA. Wells Fargo & Company lifted their target price on BorgWarner from $43.00 to $45.00 and gave the stock an "overweight" rating in a report on Friday. The Goldman Sachs Group decreased their target price on shares of BorgWarner from $38.00 to $34.00 and set a "neutral" rating on the stock in a research report on Friday, February 9th. JPMorgan Chase & Co. cut their price target on BorgWarner from $59.00 to $52.00 and set an "overweight" rating for the company in a research note on Thursday, January 25th. TheStreet downgraded BorgWarner from a "b-" rating to a "c+" rating in a research report on Thursday, February 8th. Finally, StockNews.com lowered BorgWarner from a "buy" rating to a "hold" rating in a report on Friday, February 9th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, BorgWarner has an average rating of "Moderate Buy" and a consensus price target of $43.93.

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.

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