BWS Financial Reduces Earnings Estimates for Garrett Motion

Garrett Motion Inc. (NYSE:GTX - Free Report) - Equities researchers at BWS Financial decreased their Q4 2024 earnings per share (EPS) estimates for Garrett Motion in a report released on Wednesday, January 22nd. BWS Financial analyst H. Khorsand now anticipates that the company will earn $0.26 per share for the quarter, down from their previous estimate of $0.29. 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.

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

Garrett Motion Trading Up 0.6 %

Shares of Garrett Motion stock traded up $0.06 during trading hours on Monday, reaching $9.66. The stock had a trading volume of 591,770 shares, compared to its average volume of 778,384. Garrett Motion has a 1 year low of $7.13 and a 1 year high of $10.16. The firm has a 50 day simple moving average of $8.95 and a two-hundred day simple moving average of $8.46. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 9.47 and a beta of 1.16.

Garrett Motion Announces Dividend

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

Insider Buying and Selling at Garrett Motion

In other news, SVP Thierry Mabru sold 50,000 shares of Garrett Motion stock in a transaction 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 transaction, the senior vice president now owns 140,509 shares in the company, valued at approximately $1,049,602.23. The trade was a 26.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Garrett Motion

Several large investors have recently made changes to their positions in GTX. Quarry LP grew its stake in shares of Garrett Motion by 54.8% in the 2nd quarter. Quarry LP now owns 5,170 shares of the company's stock valued at $44,000 after purchasing an additional 1,830 shares during the period. Entropy Technologies LP boosted its position in Garrett Motion by 17.0% in the 3rd quarter. Entropy Technologies LP now owns 17,915 shares of the company's stock valued at $147,000 after buying an additional 2,600 shares during the last quarter. Covestor Ltd bought a new position in Garrett Motion in the 3rd quarter valued at $28,000. Moors & Cabot Inc. lifted its stake in shares of Garrett Motion by 7.4% in the 3rd quarter. Moors & Cabot Inc. now owns 72,500 shares of the company's stock valued at $593,000 after purchasing an additional 5,000 shares during the period. Finally, Gladius Capital Management LP acquired a new position in shares of Garrett Motion in the 3rd quarter valued at $58,000. Institutional investors and hedge funds own 86.27% of the company's stock.

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.