Garrett Motion (GTX) Set to Announce Quarterly Earnings on Thursday

Garrett Motion (NYSE:GTX) is scheduled to be announcing its earnings results 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.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Garrett Motion (NYSE:GTX) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. The firm had revenue of $890.00 million during the quarter, compared to the consensus estimate of $950.00 million. Garrett Motion had a negative return on equity of 33.11% and a net margin of 6.44%. During the same period last year, the company earned ($1.88) EPS. 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

NYSE GTX opened at $8.15 on Thursday. The stock has a market capitalization of $1.84 billion, a P/E ratio of -7.09 and a beta of 1.15. The firm’s 50-day moving average is $8.10 and its two-hundred day moving average is $8.75. Garrett Motion has a 12 month low of $6.43 and a 12 month high of $10.16.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Garrett Motion in a research note on Thursday, September 19th.

Insider Activity

In other news, Director Julia Steyn sold 14,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $8.77, for a total transaction of $122,780.00. Following the completion of the transaction, the director now directly owns 53,781 shares of the company’s stock, valued at approximately $471,659.37. The trade was a 0.00 % 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. Company 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.