FY2024 EPS Estimates for Garrett Motion Cut by BWS Financial

Garrett Motion Inc. (NYSE:GTX - Free Report) - Equities research analysts at BWS Financial cut their FY2024 earnings per share (EPS) estimates for Garrett Motion in a research report issued to clients and investors on Wednesday, January 22nd. BWS Financial analyst H. Khorsand now forecasts that the company will earn $1.06 per share for the year, down from their prior estimate of $1.08. BWS Financial currently has a "Buy" rating and a $12.00 target price on the stock. The consensus estimate for Garrett Motion's current full-year earnings is $1.08 per share. BWS Financial also issued estimates for Garrett Motion's Q1 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.34 EPS and FY2025 earnings at $1.25 EPS.

Garrett Motion Price Performance

NYSE GTX traded up $0.05 during mid-day trading on Friday, reaching $9.60. The stock had a trading volume of 779,166 shares, compared to its average volume of 793,031. The company has a fifty day moving average price of $8.92 and a 200 day moving average price of $8.46. Garrett Motion has a 1 year low of $7.13 and a 1 year high of $10.16. The stock has a market cap of $2.05 billion, a PE ratio of 9.41 and a beta of 1.16.

Garrett Motion (NYSE:GTX - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.06). Garrett Motion had a net margin of 6.54% and a negative return on equity of 31.48%. The firm had revenue of $826.00 million for the quarter, compared to analysts' expectations of $854.00 million. During the same period in the prior year, the business posted $0.23 EPS.

Hedge Funds Weigh In On Garrett Motion

Institutional investors have recently made changes to their positions in the company. New South Capital Management Inc. grew its position in shares of Garrett Motion by 19.0% in the 3rd quarter. New South Capital Management Inc. now owns 2,710,242 shares of the company's stock worth $22,170,000 after buying an additional 431,779 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Garrett Motion by 17.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,278,327 shares of the company's stock valued at $19,570,000 after buying an additional 335,472 shares in the last quarter. Royce & Associates LP increased its position in Garrett Motion by 7.1% during the 3rd quarter. Royce & Associates LP now owns 1,649,218 shares of the company's stock valued at $13,491,000 after buying an additional 109,430 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in Garrett Motion by 5.2% in the third quarter. Loomis Sayles & Co. L P now owns 1,419,485 shares of the company's stock valued at $11,611,000 after buying an additional 70,246 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its position in shares of Garrett Motion by 25.0% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,283,763 shares of the company's stock valued at $10,501,000 after purchasing an additional 256,366 shares during the last quarter. Hedge funds and other institutional investors own 86.27% of the company's stock.

Insider Buying and Selling at Garrett Motion

In other news, SVP Thierry Mabru sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $7.47, for a total transaction of $373,500.00. Following the sale, the senior vice president now directly owns 140,509 shares of the company's stock, valued at $1,049,602.23. This represents a 26.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.60% of the company's stock.

Garrett Motion Dividend Announcement

The business also recently declared a -- dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a dividend yield of 2.7%. Garrett Motion's dividend payout ratio is presently 23.53%.

About Garrett Motion

Garrett Motion Inc, together with its subsidiaries, designs, manufactures, and sells turbocharging, air and fluid compression, and high-speed electric motor technologies for original equipment manufacturers and distributors worldwide. The company offers cutting-edge technology for the mobility and industrial space, including light vehicles, commercial vehicles, and industrial applications.