Q3 2022 EPS Estimates for BorgWarner Inc. Lowered by Oppenheimer (NYSE:BWA)

BorgWarner Inc. (NYSE:BWAGet Rating) – Stock analysts at Oppenheimer reduced their Q3 2022 earnings per share (EPS) estimates for shares of BorgWarner in a research report issued on Thursday, August 4th. Oppenheimer analyst N. Kaye now expects that the auto parts company will earn $0.97 per share for the quarter, down from their prior forecast of $0.99. The consensus estimate for BorgWarner’s current full-year earnings is $4.09 per share. Oppenheimer also issued estimates for BorgWarner’s Q4 2022 earnings at $1.14 EPS, FY2022 earnings at $4.20 EPS and FY2023 earnings at $4.79 EPS.

BWA has been the subject of several other reports. The Goldman Sachs Group lowered their price target on BorgWarner from $41.00 to $40.00 in a report on Wednesday, June 1st. Robert W. Baird increased their price target on BorgWarner from $41.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday. Wells Fargo & Company increased their price target on BorgWarner from $52.00 to $57.00 and gave the company an “overweight” rating in a report on Monday, July 11th. Morgan Stanley reissued a “maintains” rating and issued a $32.00 price objective (up from $30.00) on shares of BorgWarner in a research report on Thursday. Finally, Royal Bank of Canada upped their price objective on shares of BorgWarner from $46.00 to $48.00 and gave the company a “sector perform” rating in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $44.67.

BorgWarner Stock Down 1.3 %

Shares of NYSE BWA opened at $37.87 on Friday. BorgWarner has a 12-month low of $32.28 and a 12-month high of $50.09. The company has a market cap of $9.07 billion, a P/E ratio of 14.08, a P/E/G ratio of 0.33 and a beta of 1.39. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 0.58. The stock has a fifty day moving average price of $36.31 and a 200 day moving average price of $38.50.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. First Horizon Advisors Inc. raised its holdings in shares of BorgWarner by 6.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,231 shares of the auto parts company’s stock valued at $140,000 after purchasing an additional 260 shares in the last quarter. Eaton Vance Management increased its holdings in shares of BorgWarner by 3.2% during the 4th quarter. Eaton Vance Management now owns 8,810 shares of the auto parts company’s stock worth $247,000 after purchasing an additional 276 shares during the period. FDx Advisors Inc. increased its holdings in shares of BorgWarner by 4.2% during the 4th quarter. FDx Advisors Inc. now owns 6,914 shares of the auto parts company’s stock worth $312,000 after purchasing an additional 280 shares during the period. Independent Advisor Alliance increased its holdings in shares of BorgWarner by 5.2% during the 1st quarter. Independent Advisor Alliance now owns 5,758 shares of the auto parts company’s stock worth $224,000 after purchasing an additional 284 shares during the period. Finally, Quantinno Capital Management LP boosted its position in shares of BorgWarner by 2.3% during the 1st quarter. Quantinno Capital Management LP now owns 12,910 shares of the auto parts company’s stock valued at $502,000 after acquiring an additional 286 shares in the last quarter. Institutional investors own 90.96% of the company’s stock.

Insiders Place Their Bets

In other BorgWarner news, CAO Tonit M. Calaway sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $38.75, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Tonit M. Calaway sold 17,543 shares of the firm’s stock in a transaction that occurred on 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 approximately $1,626,102.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Tonit M. Calaway sold 4,000 shares of the firm’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 completion of the transaction, the chief accounting officer now directly owns 57,923 shares of the company’s stock, valued at approximately $2,244,516.25. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be issued a $0.17 dividend. The ex-dividend date 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 is currently 25.28%.

BorgWarner Company Profile

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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.

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Earnings History and Estimates for BorgWarner (NYSE:BWA)

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