KeyCorp Analysts Lift Earnings Estimates for BorgWarner Inc. (NYSE:BWA)

BorgWarner Inc. (NYSE:BWA) – Stock analysts at KeyCorp increased their Q1 2021 earnings per share estimates for BorgWarner in a research report issued on Tuesday, April 20th. KeyCorp analyst J. Picariello now anticipates that the auto parts company will post earnings per share of $0.98 for the quarter, up from their previous forecast of $0.95. KeyCorp has a “Overweight” rating and a $60.00 price target on the stock.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Wednesday, February 10th. The auto parts company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.30. The company had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.62 billion. BorgWarner had a net margin of 4.11% and a return on equity of 11.48%.

BWA has been the topic of several other reports. TheStreet upgraded shares of BorgWarner from a “c+” rating to a “b-” rating in a research note on Thursday, January 21st. Wells Fargo & Company initiated coverage on shares of BorgWarner in a research report on Wednesday, March 31st. They set an “overweight” rating and a $64.00 price objective on the stock. Morgan Stanley upped their price objective on BorgWarner from $27.00 to $29.00 and gave the stock an “underweight” rating in a report on Thursday, February 25th. Jefferies Financial Group upped their target price on BorgWarner from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, April 6th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $58.00 price objective on shares of BorgWarner in a research note on Wednesday, March 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. BorgWarner currently has an average rating of “Buy” and a consensus price target of $47.50.

Shares of BorgWarner stock opened at $49.54 on Friday. The company’s 50-day moving average price is $47.64 and its 200-day moving average price is $41.87. The company has a market cap of $11.84 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 1.03 and a beta of 1.76. BorgWarner has a 12-month low of $25.17 and a 12-month high of $50.60. The company has a current ratio of 2.35, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Monday, March 1st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 26th. This represents a $0.68 annualized dividend and a dividend yield of 1.37%. BorgWarner’s dividend payout ratio (DPR) is presently 16.46%.

In other news, VP Volker Weng sold 2,973 shares of the firm’s stock in a transaction dated Friday, March 5th. The shares were sold at an average price of $46.91, for a total transaction of $139,463.43. 0.51% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. Davis R M Inc. lifted its stake in shares of BorgWarner by 1.3% in the 3rd quarter. Davis R M Inc. now owns 458,140 shares of the auto parts company’s stock worth $17,748,000 after purchasing an additional 5,798 shares during the period. Aperio Group LLC raised its holdings in BorgWarner by 3.9% in the 4th quarter. Aperio Group LLC now owns 255,714 shares of the auto parts company’s stock worth $9,881,000 after purchasing an additional 9,633 shares during the period. Perpetual Investment Management Limited bought a new stake in BorgWarner during the fourth quarter valued at about $6,579,000. Illinois Municipal Retirement Fund lifted its position in shares of BorgWarner by 269.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 115,192 shares of the auto parts company’s stock valued at $4,451,000 after buying an additional 84,006 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of BorgWarner by 9.4% during the 4th quarter. First Trust Advisors LP now owns 1,206,787 shares of the auto parts company’s stock valued at $46,630,000 after acquiring an additional 103,244 shares during the period. 86.28% of the stock is currently owned by institutional investors.

About BorgWarner

BorgWarner, Inc engages in the provision of technology solutions for combustion, hybrid and electric vehicles. It operates through the following segments: Air Management, e-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment develops and manufactures products to improve fuel economy, reduce emissions and enhance performance.

Further Reading: What is the S&P 500 Index?

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.