BorgWarner (BWA) Scheduled to Post Quarterly Earnings on Thursday

BorgWarner (NYSE:BWA) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.93 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.18. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.69 billion. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The firm’s revenue was down 20.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 EPS. On average, analysts expect BorgWarner to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $34.22 on Wednesday. The firm has a market cap of $7.80 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 0.81 and a beta of 1.20. The firm’s 50-day simple moving average is $34.05 and its 200-day simple moving average is $33.86. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 1.62. BorgWarner has a 1 year low of $29.51 and a 1 year high of $38.22.

Insider Buying and Selling at BorgWarner

In related news, CAO Tonit M. Calaway sold 10,868 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $31.74, for a total transaction of $344,950.32. Following the completion of the sale, the chief accounting officer now directly owns 206,083 shares of the company’s stock, valued at $6,541,074.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total value of $66,112.00. Following the completion of the sale, the executive vice president now owns 46,016 shares of the company’s stock, valued at approximately $1,472,512. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Tonit M. Calaway sold 10,868 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $31.74, for a total transaction of $344,950.32. Following the completion of the sale, the chief accounting officer now directly owns 206,083 shares of the company’s stock, valued at $6,541,074.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on BWA shares. Citigroup decreased their target price on shares of BorgWarner from $41.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Wolfe Research started coverage on shares of BorgWarner in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. The Goldman Sachs Group decreased their target price on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $39.00 to $43.00 in a report on Monday, October 14th. Finally, UBS Group increased their target price on shares of BorgWarner from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.25.

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.