BorgWarner Inc. Declares Quarterly Dividend of $0.17 (NYSE:BWA)

BorgWarner Inc. (NYSE:BWA) announced a quarterly dividend on Thursday, November 14th, RTT News reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 0.17 per share by the auto parts company on Monday, December 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.53%.

Shares of NYSE:BWA opened at $44.34 on Friday. The firm has a fifty day moving average of $39.44 and a two-hundred day moving average of $38.13. The firm has a market capitalization of $9.44 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 1.50 and a beta of 1.85. BorgWarner has a 12-month low of $30.71 and a 12-month high of $46.60. The company has a quick ratio of 1.26, a current ratio of 1.58 and a debt-to-equity ratio of 0.36.

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BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, October 31st. The auto parts company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.11. The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.39 billion. BorgWarner had a net margin of 7.43% and a return on equity of 19.43%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the business posted $1.00 EPS. Equities research analysts expect that BorgWarner will post 3.92 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on BWA shares. UBS Group decreased their target price on shares of BorgWarner from $49.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Barclays reissued a “buy” rating and set a $46.00 target price on shares of BorgWarner in a research note on Sunday, November 3rd. Zacks Investment Research lowered shares of BorgWarner from a “hold” rating to a “sell” rating and set a $39.00 target price for the company. in a research note on Friday, September 27th. Royal Bank of Canada set a $41.00 target price on shares of BorgWarner and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, Deutsche Bank lowered shares of BorgWarner from a “buy” rating to a “hold” rating and decreased their target price for the company from $50.00 to $44.00 in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. BorgWarner presently has a consensus rating of “Hold” and an average price target of $45.33.

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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