Garrett Motion FY2024 EPS Forecast Reduced by BWS Financial

Garrett Motion Inc. (NYSE:GTX) – Stock analysts at BWS Financial dropped their FY2024 earnings per share (EPS) estimates for Garrett Motion in a research report issued on Wednesday, January 22nd. BWS Financial analyst H. Khorsand now anticipates that the company will post earnings per share of $1.06 for the year, down from their prior estimate of $1.08. BWS Financial 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 (NYSE:GTX) last posted its earnings results on Thursday, October 24th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.06). Garrett Motion had a net margin of 6.54% and a negative return on equity of 31.48%. The business had revenue of $826.00 million for the quarter, compared to analysts’ expectations of $854.00 million. During the same quarter last year, the business posted $0.23 earnings per share.

Garrett Motion Stock Up 0.5 %

NYSE GTX opened at $9.60 on Friday. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 9.41 and a beta of 1.16. The business has a fifty day moving average of $8.95 and a 200-day moving average of $8.46. Garrett Motion has a fifty-two week low of $7.13 and a fifty-two week high of $10.16.

Garrett Motion Dividend Announcement

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

Insider Buying and Selling

In other Garrett Motion news, SVP Thierry Mabru sold 50,000 shares of Garrett Motion stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $7.47, for a total transaction of $373,500.00. Following the transaction, the senior vice president now directly owns 140,509 shares of the company’s stock, valued at $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 is accessible through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Garrett Motion

A number of institutional investors and hedge funds have recently bought and sold shares of GTX. Covestor Ltd acquired a new position in shares of Garrett Motion in the third quarter worth about $28,000. Quarry LP increased its holdings in Garrett Motion by 54.8% during the 2nd quarter. Quarry LP now owns 5,170 shares of the company’s stock worth $44,000 after purchasing an additional 1,830 shares during the last quarter. Gladius Capital Management LP acquired a new position in shares of Garrett Motion in the 3rd quarter valued at approximately $58,000. Paloma Partners Management Co purchased a new position in shares of Garrett Motion during the 3rd quarter valued at approximately $87,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Garrett Motion during the third quarter worth approximately $116,000. Hedge funds and other institutional investors own 86.27% of the company’s stock.

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.