Garrett Motion FY2024 EPS Forecast Reduced by BWS Financial

Garrett Motion Inc. (NYSE:GTX) – Analysts at BWS Financial lowered their FY2024 earnings per share (EPS) estimates for Garrett Motion in a research report issued to clients and investors on Wednesday, January 22nd. BWS Financial analyst H. Khorsand now forecasts that the company will post earnings per share of $1.06 for the year, down from their previous forecast of $1.08. BWS Financial has a “Buy” rating and a $12.00 price objective on the stock. The consensus estimate for Garrett Motion’s current full-year earnings is $1.08 per share. BWS Financial also issued estimates for Garrett Motion’s Q1 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.34 EPS and FY2025 earnings at $1.25 EPS.

Garrett Motion Stock Up 1.1 %

GTX opened at $9.55 on Friday. The firm has a market capitalization of $2.04 billion, a P/E ratio of 9.26 and a beta of 1.16. The firm’s 50 day moving average is $8.92 and its 200-day moving average is $8.46. Garrett Motion has a 52-week low of $7.13 and a 52-week high of $10.16.

Garrett Motion (NYSE:GTX) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.24 EPS 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 analyst estimates of $854.00 million. Garrett Motion had a negative return on equity of 31.48% and a net margin of 6.54%. During the same period last year, the firm posted $0.23 earnings per share.

Garrett Motion Announces Dividend

The company also recently declared a — dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a dividend of $0.06 per share. This represents a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, January 15th. Garrett Motion’s dividend payout ratio (DPR) is 23.53%.

Insiders Place Their Bets

In other news, SVP Thierry Mabru sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $7.47, for a total transaction of $373,500.00. Following the completion of the sale, the senior vice president now directly owns 140,509 shares in the company, valued at $1,049,602.23. This trade represents a 26.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Covestor Ltd acquired a new position in shares of Garrett Motion in the 3rd quarter valued at approximately $28,000. Quarry LP increased its stake in shares of Garrett Motion by 54.8% in the second quarter. Quarry LP now owns 5,170 shares of the company’s stock worth $44,000 after buying an additional 1,830 shares during the last quarter. Gladius Capital Management LP acquired a new stake in Garrett Motion in the third quarter valued at $58,000. Paloma Partners Management Co bought a new position in Garrett Motion during the 3rd quarter valued at $87,000. Finally, Aigen Investment Management LP acquired a new position in Garrett Motion during the 3rd quarter worth $116,000. Hedge funds and other institutional investors own 86.27% of the company’s stock.

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.