Garrett Motion (NYSE:GTX - Get Free Report) will release its earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Garrett Motion has set its FY 2024 guidance at EPS.Individual interested in listening to the company's earnings conference call can do so using this link.
Garrett Motion (NYSE:GTX - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. Garrett Motion had a negative return on equity of 33.11% and a net margin of 6.44%. The business had revenue of $890.00 million during the quarter, compared to analysts' expectations of $950.00 million. During the same period in the previous year, the company posted ($1.88) earnings per share. On average, analysts expect Garrett Motion to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Garrett Motion Price Performance
Garrett Motion stock traded up $0.05 during mid-day trading on Thursday, reaching $8.20. 401,602 shares of the company were exchanged, compared to its average volume of 931,555. The firm has a market cap of $1.85 billion, a PE ratio of -7.09 and a beta of 1.15. The company has a fifty day simple moving average of $8.10 and a 200-day simple moving average of $8.75. Garrett Motion has a 12 month low of $6.43 and a 12 month high of $10.16.
Analyst Ratings Changes
Separately, BWS Financial restated a "buy" rating and issued a $12.00 price target on shares of Garrett Motion in a research report on Thursday, September 19th.
Check Out Our Latest Research Report on GTX
Insider Activity
In related news, Director Julia Steyn sold 14,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $8.77, for a total transaction of $122,780.00. Following the sale, the director now owns 53,781 shares in the company, valued at approximately $471,659.37. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.60% of the company's stock.
About Garrett Motion
(
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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.
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