FY2024 EPS Estimates for BorgWarner Raised by Zacks Research

BorgWarner Inc. (NYSE:BWA) – Equities researchers at Zacks Research lifted their FY2024 earnings estimates for BorgWarner in a research note issued to investors on Thursday, November 21st. Zacks Research analyst R. Department now expects that the auto parts company will post earnings of $4.17 per share for the year, up from their prior estimate 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 released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period in the previous year, the business earned $0.98 EPS. BorgWarner’s revenue for the quarter was down 4.8% compared to the same quarter last year.

Several other brokerages also recently issued reports on BWA. JPMorgan Chase & Co. cut their price target on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, October 21st. The Goldman Sachs Group cut their target price on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Wells Fargo & Company lowered their price target 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. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Finally, Robert W. Baird upped their target price on BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and an average target price of $41.21.

BorgWarner Stock Performance

BWA opened at $34.12 on Monday. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. BorgWarner has a 12-month low of $29.51 and a 12-month high of $38.22. The business has a 50 day moving average of $34.44 and a 200-day moving average of $33.88. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 0.70 and a beta of 1.20.

Institutional Trading of BorgWarner

Hedge funds and other institutional investors have recently made changes to their positions in the company. Matrix Trust Co bought a new stake in BorgWarner during the 3rd quarter worth approximately $25,000. Brooklyn Investment Group acquired a new position in shares of BorgWarner during the third quarter worth $32,000. LRI Investments LLC acquired a new position in shares of BorgWarner during the first quarter worth $35,000. Sentry Investment Management LLC bought a new stake in shares of BorgWarner in the second quarter worth $32,000. Finally, True Wealth Design LLC acquired a new stake in BorgWarner in the third quarter valued at $38,000. 95.67% of the stock is currently owned by institutional investors.

Insider Activity

In other BorgWarner 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 value of $698,569.02. Following the sale, the executive vice president now owns 32,366 shares in the company, valued at $1,115,656.02. This trade represents a 38.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Isabelle Mckenzie sold 5,700 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.62, for a total transaction of $197,334.00. Following the transaction, the vice president now owns 37,640 shares of the company’s stock, valued at $1,303,096.80. This trade represents a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 201,466 shares of company stock worth $6,973,828. 0.45% of the stock is currently owned by corporate insiders.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner’s dividend payout ratio is currently 11.17%.

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.