FY2024 EPS Estimates for Garrett Motion Decreased by Analyst

Garrett Motion Inc. (NYSE:GTX) – Investment analysts at BWS Financial dropped their FY2024 earnings per share (EPS) estimates for Garrett Motion in a research note issued to investors on Wednesday, January 22nd. BWS Financial analyst H. Khorsand now forecasts that the company will post earnings per share of $1.06 for the year, down from their prior estimate of $1.08. BWS Financial currently has a “Buy” rating and a $12.00 price objective 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 Stock Performance

Shares of GTX opened at $9.60 on Friday. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 9.41 and a beta of 1.16. The stock has a fifty day moving average price of $8.95 and a two-hundred day moving average price of $8.46. Garrett Motion has a 52-week low of $7.13 and a 52-week high of $10.16.

Garrett Motion (NYSE:GTX) last posted its 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). The firm had revenue of $826.00 million during the quarter, compared to the consensus estimate of $854.00 million. Garrett Motion had a net margin of 6.54% and a negative return on equity of 31.48%. During the same quarter last year, the firm posted $0.23 EPS.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. New South Capital Management Inc. lifted its stake in shares of Garrett Motion by 19.0% during the third quarter. New South Capital Management Inc. now owns 2,710,242 shares of the company’s stock valued at $22,170,000 after acquiring an additional 431,779 shares during the period. Barclays PLC raised its holdings in Garrett Motion by 85.2% during the 3rd quarter. Barclays PLC now owns 297,022 shares of the company’s stock worth $2,430,000 after purchasing an additional 136,600 shares during the last quarter. Pekin Hardy Strauss Inc. lifted its position in Garrett Motion by 63.9% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 155,450 shares of the company’s stock valued at $1,272,000 after purchasing an additional 60,600 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake 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. Finally, GSA Capital Partners LLP acquired a new stake in shares of Garrett Motion during the 3rd quarter worth approximately $616,000. 86.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Thierry Mabru sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $7.47, for a total value of $373,500.00. Following the completion of the sale, the senior vice president now owns 140,509 shares of the company’s stock, valued at $1,049,602.23. This trade represents a 26.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is owned by corporate insiders.

Garrett Motion Announces Dividend

The firm also recently declared a — dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued 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 23.53%.

Garrett Motion Company Profile

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.