Garrett Motion (GTX) to Release Quarterly Earnings on Thursday

Garrett Motion (NYSE:GTX) is scheduled to announce 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.Investors that are interested in participating in the company’s conference call can do so using this link.

Garrett Motion (NYSE:GTX) last issued 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. Garrett Motion had a negative return on equity of 33.11% and a net margin of 6.44%. The firm had revenue of $890.00 million for the quarter, compared to the consensus estimate of $950.00 million. During the same quarter last year, the business posted ($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 Stock Performance

Garrett Motion stock opened at $7.99 on Tuesday. Garrett Motion has a 52 week low of $6.43 and a 52 week high of $10.16. The stock has a market capitalization of $1.81 billion, a P/E ratio of -6.95 and a beta of 1.15. The stock has a fifty day moving average of $8.10 and a 200-day moving average of $8.71.

Insider Activity at Garrett Motion

In other Garrett Motion news, Director Julia Steyn sold 14,000 shares of the business’s stock in a transaction 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 sale, the director now 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.