Garrett Motion (GTX) Set to Announce Earnings on Thursday

Garrett Motion (NYSE:GTX) will be posting its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Garrett Motion to post earnings of $0.22 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Garrett Motion (NYSE:GTX) last posted its earnings results on Thursday, February 15th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. The firm had revenue of $945.00 million during the quarter, compared to analysts’ expectations of $949.00 million. Garrett Motion had a net margin of 6.72% and a negative return on equity of 49.01%.

Garrett Motion Stock Up 2.4 %

NYSE GTX opened at $9.57 on Tuesday. The stock has a market capitalization of $2.17 billion, a PE ratio of -7.36 and a beta of 1.31. The company has a 50 day moving average price of $9.58 and a two-hundred day moving average price of $8.64. Garrett Motion has a 12-month low of $6.43 and a 12-month high of $10.16.

Analysts Set New Price Targets

Separately, BWS Financial reiterated a “buy” rating and issued a $15.00 target price on shares of Garrett Motion in a research note on Monday, April 8th.

Insider Activity at Garrett Motion

In related news, major shareholder Cyrus Capital Partners, L.P. sold 200,000 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $10.03, for a total transaction of $2,006,000.00. Following the completion of the transaction, the insider now directly owns 28,267,284 shares in the company, valued at approximately $283,520,858.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Garrett Motion news, major shareholder Sessa Capital Gp, Llc sold 10,000,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $9.00, for a total value of $90,000,000.00. Following the sale, the insider now owns 15,236,484 shares of the company’s stock, valued at approximately $137,128,356. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Cyrus Capital Partners, L.P. sold 200,000 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $10.03, for a total transaction of $2,006,000.00. Following the completion of the sale, the insider now directly owns 28,267,284 shares in the company, valued at approximately $283,520,858.52. The disclosure for this sale can be found here. Insiders sold a total of 11,161,193 shares of company stock worth $101,430,410 in the last ninety days. 0.60% of the stock is currently owned by insiders.

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.