BorgWarner Inc. Declares Quarterly Dividend of $0.13 (BWA)
BorgWarner (NYSE:BWA) declared a quarterly dividend on Monday, July 21st, AnalystRatings.NET reports. Stockholders of record on Tuesday, September 2nd will be given a dividend of 0.13 per share on Tuesday, September 16th. This represents a $0.52 dividend on an annualized basis and a yield of 0.80%.
A number of analysts have recently weighed in on BWA shares. Analysts at Zacks reiterated a “neutral” rating on shares of BorgWarner in a research note on Friday. They now have a $67.00 price target on the stock. On the ratings front, analysts at KeyCorp reiterated a “buy” rating on shares of BorgWarner in a research note on Thursday. They now have a $76.00 price target on the stock, up previously from $67.00. Finally, analysts at Barclays raised their price target on shares of BorgWarner from $69.00 to $76.00 in a research note on Monday, July 14th. They now have an “overweight” rating on the stock. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $74.18.
Shares of BorgWarner (NYSE:BWA) traded down 0.54% on Monday, hitting $64.83. 696,432 shares of the company’s stock traded hands. BorgWarner has a 1-year low of $45.46 and a 1-year high of $67.49. The stock has a 50-day moving average of $65.29 and a 200-day moving average of $60.79. The company has a market cap of $14.822 billion and a P/E ratio of 23.44.
BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, May 1st. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.79 by $0.04. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. On average, analysts predict that BorgWarner will post $3.35 earnings per share for the current fiscal year.
BorgWarner Inc, is a global supplier of engineered automotive systems and components primarily for powertrain applications.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.