Q1 2023 Earnings Estimate for BorgWarner Inc. (NYSE:BWA) Issued By Jefferies Financial Group

BorgWarner Inc. (NYSE:BWAGet Rating) – Jefferies Financial Group issued their Q1 2023 EPS estimates for shares of BorgWarner in a note issued to investors on Thursday, August 4th. Jefferies Financial Group analyst D. Kelley expects that the auto parts company will earn $1.20 per share for the quarter. The consensus estimate for BorgWarner’s current full-year earnings is $4.09 per share. Jefferies Financial Group also issued estimates for BorgWarner’s Q3 2023 earnings at $1.25 EPS and Q4 2023 earnings at $1.31 EPS.

BorgWarner (NYSE:BWAGet Rating) last released its quarterly earnings data on Wednesday, August 3rd. The auto parts company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.20. BorgWarner had a return on equity of 13.13% and a net margin of 4.36%. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the prior year, the company earned $1.08 earnings per share. The business’s revenue for the quarter was up .0% compared to the same quarter last year.

Several other analysts also recently commented on BWA. TheStreet downgraded shares of BorgWarner from a “b-” rating to a “c+” rating in a report on Friday, July 15th. Morgan Stanley reaffirmed a “maintains” rating and issued a $32.00 target price (up previously from $30.00) on shares of BorgWarner in a research report on Thursday. Wells Fargo & Company lifted their price target on BorgWarner from $52.00 to $57.00 and gave the stock an “overweight” rating in a report on Monday, July 11th. BNP Paribas began coverage on BorgWarner in a report on Monday, April 11th. They issued a “neutral” rating on the stock. Finally, Exane BNP Paribas started coverage on shares of BorgWarner in a research report on Monday, April 11th. They issued a “neutral” rating for the company. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, BorgWarner presently has a consensus rating of “Hold” and an average target price of $44.67.

BorgWarner Trading Down 1.3 %

BWA stock opened at $37.87 on Friday. BorgWarner has a one year low of $32.28 and a one year high of $50.09. The stock has a market cap of $9.07 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 0.33 and a beta of 1.39. The company has a fifty day moving average price of $36.31 and a two-hundred day moving average price of $38.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.77 and a quick ratio of 1.29.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.80%. BorgWarner’s dividend payout ratio (DPR) is 25.28%.

Insider Buying and Selling at BorgWarner

In other news, CAO Tonit M. Calaway sold 17,543 shares of BorgWarner stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $40.27, for a total value of $706,456.61. Following the transaction, the chief accounting officer now owns 40,380 shares in the company, valued at approximately $1,626,102.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CAO Tonit M. Calaway sold 17,543 shares of the stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $40.27, for a total value of $706,456.61. Following the completion of the transaction, the chief accounting officer now owns 40,380 shares of the company’s stock, valued at $1,626,102.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Tonit M. Calaway sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $38.75, for a total transaction of $155,000.00. Following the transaction, the chief accounting officer now owns 57,923 shares of the company’s stock, valued at $2,244,516.25. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On BorgWarner

A number of institutional investors and hedge funds have recently bought and sold shares of BWA. CWM LLC acquired a new stake in shares of BorgWarner during the fourth quarter valued at about $26,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in BorgWarner during the 1st quarter worth approximately $27,000. Capital Advisors Ltd. LLC grew its holdings in BorgWarner by 7,755.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 707 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 698 shares during the last quarter. CX Institutional acquired a new position in BorgWarner in the 2nd quarter valued at approximately $31,000. Finally, Northern Oak Wealth Management Inc. bought a new position in shares of BorgWarner during the fourth quarter valued at $32,000. Institutional investors and hedge funds own 90.96% of the company’s stock.

About BorgWarner

(Get Rating)

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through four segments: Air Management, E-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.

Read More

Earnings History and Estimates for BorgWarner (NYSE:BWA)

Receive News & Ratings for BorgWarner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner and related companies with MarketBeat.com's FREE daily email newsletter.