BorgWarner Inc. (BWA) to Issue Quarterly Dividend of $0.17 on December 15th

BorgWarner Inc. (NYSE:BWA) declared a quarterly dividend on Wednesday, November 11th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.17 per share by the auto parts company on Tuesday, December 15th. This represents a $0.68 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, December 1st.

BorgWarner has a dividend payout ratio of 14.7% meaning its dividend is sufficiently covered by earnings. Analysts expect BorgWarner to earn $5.89 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 11.5%.

BorgWarner Stock Performance

Shares of BWA stock opened at $51.07 on Friday. The company’s fifty day moving average price is $58.73 and its 200-day moving average price is $60.66. The stock has a market cap of $10.25 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 0.72 and a beta of 1.20. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.32. BorgWarner has a 12 month low of $40.73 and a 12 month high of $78.82.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, October 29th. The auto parts company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.14. BorgWarner had a net margin of 3.36% and a return on equity of 19.61%. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same period last year, the business earned $1.24 EPS. BorgWarner’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities analysts expect that BorgWarner will post 5.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BWA has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on shares of BorgWarner from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Morgan Stanley lowered their target price on shares of BorgWarner from $95.00 to $89.00 and set an “overweight” rating for the company in a report on Friday, October 30th. Wall Street Zen raised BorgWarner from a “hold” rating to a “buy” rating in a research report on Sunday, November 1st. UBS Group cut their price target on BorgWarner from $95.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Finally, Royal Bank Of Canada reduced their price objective on BorgWarner from $87.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, October 30th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $79.00.

About BorgWarner

BorgWarner Inc. is a global automotive supplier that develops and manufactures technologies for passenger vehicles, commercial vehicles and other applications. Its products support vehicles powered by internal combustion engines as well as hybrid and electric vehicles. The company’s offerings include turbocharging systems, transmission components, electric motors, power electronics, battery and thermal-management systems, and technologies that help control emissions. BorgWarner supplies automakers and commercial-vehicle manufacturers around the world, with operations serving markets across North America, Europe and Asia.