Analysts Set Expectations for BorgWarner FY2024 Earnings

BorgWarner Inc. (NYSE:BWA) – Zacks Research boosted their FY2024 earnings per share estimates for shares of BorgWarner in a report released on Thursday, November 21st. Zacks Research analyst R. Department now anticipates that the auto parts company will earn $4.17 per share for the year, up from their previous estimate of $4.14. The consensus estimate for BorgWarner’s current full-year earnings is $4.22 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 announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The firm had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same period last year, the business posted $0.98 earnings per share. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis.

Several other equities research analysts have also weighed in on BWA. StockNews.com raised BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft increased their target price on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Wolfe Research initiated coverage on BorgWarner in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. Finally, Robert W. Baird raised their price target on BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.21.

BorgWarner Price Performance

Shares of NYSE BWA opened at $34.17 on Monday. BorgWarner has a 1-year low of $29.51 and a 1-year high of $38.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. The business’s fifty day moving average price is $34.50 and its two-hundred day moving average price is $33.87. The firm has a market capitalization of $7.47 billion, a PE ratio of 8.62, a P/E/G ratio of 0.75 and a beta of 1.20.

Institutional Investors Weigh In On BorgWarner

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC boosted its position in BorgWarner by 59.2% during the 2nd quarter. SG Americas Securities LLC now owns 42,729 shares of the auto parts company’s stock worth $1,378,000 after acquiring an additional 15,883 shares during the period. Toronto Dominion Bank boosted its position in BorgWarner by 33.4% during the 1st quarter. Toronto Dominion Bank now owns 137,876 shares of the auto parts company’s stock worth $4,790,000 after acquiring an additional 34,488 shares during the period. Edgestream Partners L.P. boosted its position in BorgWarner by 191.2% during the 2nd quarter. Edgestream Partners L.P. now owns 193,733 shares of the auto parts company’s stock worth $6,246,000 after acquiring an additional 127,212 shares during the period. Virtu Financial LLC acquired a new stake in shares of BorgWarner during the 2nd quarter valued at about $1,016,000. Finally, Earnest Partners LLC lifted its holdings in shares of BorgWarner by 20.2% during the 2nd quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock valued at $128,308,000 after buying an additional 669,137 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Stefan Demmerle sold 21,500 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $34.79, for a total value of $747,985.00. Following the completion of the transaction, the vice president now owns 227,513 shares in the company, valued at $7,915,177.27. This trade represents a 8.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Paul Arthur Farrell sold 20,266 shares of the stock in a transaction 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 completion of the transaction, 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 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 over the last three months. Company insiders own 0.45% of the company’s stock.

BorgWarner Announces Dividend

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

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.