Garrett Motion Inc. Forecasted to Post Q4 2024 Earnings of $0.27 Per Share (NYSE:GTX)

Garrett Motion Inc. (NYSE:GTX) – Stock analysts at BWS Financial decreased their Q4 2024 EPS estimates for Garrett Motion in a research report issued to clients and investors on Thursday, September 19th. BWS Financial analyst H. Khorsand now expects that the company will post earnings of $0.27 per share for the quarter, down from their prior forecast of $0.29. BWS Financial has a “Buy” rating and a $12.00 price target 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 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 for the quarter, compared to the consensus estimate 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 earned ($1.88) EPS.

Garrett Motion Stock Performance

Garrett Motion stock opened at $8.10 on Monday. Garrett Motion has a one year low of $6.43 and a one year high of $10.16. The stock has a market cap of $1.83 billion, a PE ratio of -7.04 and a beta of 1.15. The stock has a 50-day moving average of $8.38 and a two-hundred day moving average of $8.95.

Insider Buying and Selling

In other Garrett Motion news, Director Julia Steyn sold 14,000 shares of the company’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 transaction of $122,780.00. Following the transaction, the director now owns 53,781 shares in the company, valued at approximately $471,659.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Cyrus Capital Partners, L.P. sold 3,779 shares of Garrett Motion stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Julia Steyn sold 14,000 shares of the stock in a transaction that occurred on 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 owns 53,781 shares in the company, valued at approximately $471,659.37. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Institutional Trading of Garrett Motion

Several large investors have recently made changes to their positions in the business. Findell Capital Management LLC acquired a new stake in Garrett Motion during the 4th quarter worth about $6,875,000. Global Endowment Management LP purchased a new stake in Garrett Motion during the fourth quarter worth $1,051,000. Redwood Investment Management LLC purchased a new position in Garrett Motion in the first quarter valued at $639,000. Prevatt Capital Ltd purchased a new stake in shares of Garrett Motion during the 4th quarter worth about $24,188,000. Finally, Hawk Ridge Capital Management LP grew its position in shares of Garrett Motion by 2.1% during the 4th quarter. Hawk Ridge Capital Management LP now owns 7,485,692 shares of the company’s stock valued at $72,387,000 after acquiring an additional 156,838 shares during the period. 86.27% of the stock is owned by hedge funds and other institutional investors.

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.