Garrett Motion Inc. (NYSE:GTX - Free Report) - Analysts at BWS Financial dropped their Q4 2024 earnings per share estimates for shares of Garrett Motion in a research note issued to investors on Wednesday, January 22nd. BWS Financial analyst H. Khorsand now anticipates that the company will earn $0.26 per share for the quarter, down from their prior estimate of $0.29. BWS Financial currently has a "Buy" rating and a $12.00 target price on the stock. The consensus estimate for Garrett Motion's current full-year earnings is $1.08 per share.
Shares of GTX stock opened at $9.60 on Monday. The company has a market capitalization of $2.05 billion, a P/E ratio of 9.41 and a beta of 1.16. Garrett Motion has a fifty-two week low of $7.13 and a fifty-two week high of $10.16. The stock has a 50 day moving average price of $8.95 and a two-hundred day moving average price of $8.46.
Garrett Motion (NYSE:GTX - Get Free Report) last issued 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). The company had revenue of $826.00 million for the quarter, compared to analysts' expectations of $854.00 million. Garrett Motion had a net margin of 6.54% and a negative return on equity of 31.48%. During the same quarter in the prior year, the company earned $0.23 earnings per share.
Large investors have recently modified their holdings of the stock. New South Capital Management Inc. raised its stake in Garrett Motion by 19.0% in the third quarter. New South Capital Management Inc. now owns 2,710,242 shares of the company's stock worth $22,170,000 after buying an additional 431,779 shares in the last quarter. Barclays PLC grew its holdings in shares of Garrett Motion by 85.2% during the 3rd quarter. Barclays PLC now owns 297,022 shares of the company's stock worth $2,430,000 after acquiring an additional 136,600 shares during the period. Pekin Hardy Strauss Inc. raised its position in shares of Garrett Motion by 63.9% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 155,450 shares of the company's stock worth $1,272,000 after acquiring an additional 60,600 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in shares of Garrett Motion by 25.0% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,283,763 shares of the company's stock valued at $10,501,000 after purchasing an additional 256,366 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in shares of Garrett Motion during the third quarter valued at approximately $616,000. Institutional investors own 86.27% of the company's stock.
In other Garrett Motion news, SVP Thierry Mabru sold 50,000 shares of the business's stock in a transaction 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 approximately $1,049,602.23. The trade was a 26.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.60% of the company's stock.
The firm also recently declared a -- dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.06 per share. This represents a yield of 2.7%. The ex-dividend date is Wednesday, January 15th. Garrett Motion's payout ratio is 23.53%.
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.
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