BorgWarner (BWA) Expected to Announce Earnings on Thursday

BorgWarner (NYSE:BWA) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.93 per share and revenue of $3.47 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

BorgWarner Price Performance

Shares of BWA stock opened at $31.26 on Wednesday. The stock’s fifty day moving average is $32.65 and its 200-day moving average is $33.33. 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 52 week low of $29.51 and a 52 week high of $38.22. The stock has a market capitalization of $6.84 billion, a PE ratio of 7.93, a PEG ratio of 0.66 and a beta of 1.18.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Monday, December 2nd. BorgWarner’s dividend payout ratio (DPR) is presently 11.17%.

Insiders Place Their Bets

In other news, EVP Paul Arthur Farrell sold 20,266 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 32,366 shares of the company’s stock, valued at $1,115,656.02. This trade represents a 38.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Stefan Demmerle sold 20,544 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total transaction of $704,248.32. Following the transaction, the vice president now owns 206,969 shares in the company, valued at $7,094,897.32. The trade was a 9.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 222,010 shares of company stock valued at $7,678,076. 0.63% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. cut their target price on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $39.00 to $43.00 in a research report on Monday, October 14th. The Goldman Sachs Group dropped their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Barclays reduced their price target on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company dropped their price objective on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.40.

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.