Garrett Motion (GTX) Scheduled to Post Quarterly Earnings on Thursday

Garrett Motion (NYSE:GTX) will post its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Garrett Motion to post earnings of $0.30 per share for the quarter. Garrett Motion has set its FY 2024 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Garrett Motion (NYSE:GTX) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04. Garrett Motion had a net margin of 6.44% and a negative return on equity of 33.11%. The business had revenue of $890.00 million for the quarter, compared to the consensus estimate of $950.00 million. During the same period in the prior year, the company posted ($1.88) earnings per share. 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

NYSE:GTX opened at $8.00 on Wednesday. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of -6.96 and a beta of 1.15. Garrett Motion has a 52 week low of $6.43 and a 52 week high of $10.16. The firm’s 50-day simple moving average is $8.10 and its 200 day simple moving average is $8.71.

Insider Activity

In related news, Director Julia Steyn sold 14,000 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $8.77, for a total value of $122,780.00. Following the transaction, the director now owns 53,781 shares in the company, valued at approximately $471,659.37. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.