Q4 2024 EPS Estimates for Garrett Motion Inc. (NYSE:GTX) Lowered by Analyst

Garrett Motion Inc. (NYSE:GTX) – BWS Financial reduced their Q4 2024 earnings per share estimates for Garrett Motion in a note issued to investors on Thursday, September 19th. BWS Financial analyst H. Khorsand now anticipates that the company will post earnings per share of $0.27 for the quarter, down from their prior 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 $1.17 per share. BWS Financial also issued estimates for Garrett Motion’s Q1 2025 earnings at $0.30 EPS, Q2 2025 earnings at $0.30 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.31 EPS and FY2025 earnings at $1.24 EPS.

Garrett Motion (NYSE:GTX) last announced its earnings results on Thursday, July 25th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The firm had revenue of $890.00 million for the quarter, compared to analyst estimates of $950.00 million. Garrett Motion had a net margin of 6.44% and a negative return on equity of 33.11%. During the same quarter in the previous year, the firm posted ($1.88) EPS.

Garrett Motion Stock Performance

Shares of GTX opened at $8.10 on Monday. The firm’s 50-day simple moving average is $8.38 and its two-hundred day simple moving average is $8.95. The stock has a market cap of $1.83 billion, a PE ratio of -7.04 and a beta of 1.15. Garrett Motion has a fifty-two week low of $6.43 and a fifty-two week high of $10.16.

Hedge Funds Weigh In On Garrett Motion

Several hedge funds and other institutional investors have recently modified their holdings of GTX. William Blair Investment Management LLC increased its position in Garrett Motion by 168.3% in the first quarter. William Blair Investment Management LLC now owns 6,888,152 shares of the company’s stock worth $68,468,000 after buying an additional 4,320,406 shares in the last quarter. Prevatt Capital Ltd purchased a new stake in shares of Garrett Motion in the fourth quarter valued at $24,188,000. Lingotto Investment Management LLP purchased a new stake in Garrett Motion in the 2nd quarter worth about $6,872,000. Findell Capital Management LLC purchased a new stake in shares of Garrett Motion in the fourth quarter worth approximately $6,875,000. Finally, Corient Private Wealth LLC bought a new stake in shares of Garrett Motion during the fourth quarter worth $3,573,000. 86.27% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Julia Steyn sold 14,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $8.77, for a total value of $122,780.00. Following the completion of the transaction, the director now directly owns 53,781 shares in the company, valued at approximately $471,659.37. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Julia Steyn sold 14,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $471,659.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Cyrus Capital Partners, L.P. sold 3,779 shares of Garrett Motion stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $10.01, for a total transaction of $37,827.79. Following the completion of the sale, the insider now owns 27,337,398 shares of the company’s stock, valued at $273,647,353.98. The disclosure for this sale can be found here. Corporate insiders own 0.60% 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.