BorgWarner Inc (BWA), the powertrain solutions provider, has been in the news for various reasons. The company's stock had slid
0.4% since its last earnings report but there are signs of it bouncing back, with stock holdings by
Crossmark Global Holdings Inc. and the
State of Michigan Retirement System increasing. There have been notable insider sales, including those by
Vice President Volker Weng who sold $664K worth of stock and
EVP & CHRO Tania Wingfield who sold 7,934 shares. However, the company’s recent earnings exceeded EPS predictions but fell short on revenue. In addition, BorgWarner has announced the appointment of a new
Chief Operating Officer, Joseph Fadool. The company also landed on Forbes'
Best-In-State Employers list for the third time in a row, securing several awards as well, showing its strong market standing. While
2023 sales guidance was reduced, long-term value prospects remain strong. Furthermore, it showed growth potential in battery systems and eProducts. It also made
significant transactions with regards to their Senior Notes and announced a quarterly dividend. Borgwarner's report for Q1 2024 beat analyst's earnings estimate and the outlook for
2024 eProduct sales is positive.
Borgwarner BWA News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Sat, 31 Aug 2024 13:42:37 GMT -
Rating 2
- Innovation -2
- Information 8
- Rumor -3