BorgWarner (NYSE:BWA) updated its FY 2020
Pre-Market earnings guidance on Thursday. The company provided EPS guidance of 3.85-4.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.01. The company issued revenue guidance of $9.75-10.075 billion, compared to the consensus revenue estimate of $10.15 billion.BorgWarner also updated its FY20 guidance to $3.85-4.15 EPS.

Several equities research analysts have recently commented on the company. ValuEngine upgraded BorgWarner from a sell rating to a hold rating in a report on Friday, January 10th. Bank of America upgraded BorgWarner from a neutral rating to a buy rating and set a $52.00 price objective for the company in a report on Wednesday, January 29th. Wolfe Research downgraded BorgWarner from an outperform rating to a peer perform rating and decreased their price objective for the company from $50.00 to $46.00 in a report on Friday, November 22nd. Oppenheimer set a $47.00 price objective on BorgWarner and gave the company a buy rating in a report on Friday, November 1st. Finally, TheStreet downgraded BorgWarner from a b- rating to a c+ rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $44.71.

Shares of NYSE BWA traded down $0.93 during trading on Friday, reaching $34.15. 5,008,148 shares of the stock traded hands, compared to its average volume of 2,867,081. BorgWarner has a 52-week low of $30.71 and a 52-week high of $46.60. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.58 and a quick ratio of 1.26. The company has a 50-day moving average of $39.10 and a 200-day moving average of $38.84. The stock has a market capitalization of $6.87 billion, a P/E ratio of 9.38, a price-to-earnings-growth ratio of 1.07 and a beta of 1.91.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, February 13th. The auto parts company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.14. BorgWarner had a return on equity of 19.43% and a net margin of 7.43%. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the prior year, the firm earned $1.21 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Analysts expect that BorgWarner will post 3.99 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.99%. BorgWarner’s dividend payout ratio is presently 15.18%.

BorgWarner declared that its Board of Directors has approved a share repurchase plan on Tuesday, January 28th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the auto parts company to reacquire up to 14.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

BorgWarner Company Profile

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.

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Earnings History and Estimates for BorgWarner (NYSE:BWA)

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