Garrett Motion (GTX) Set to Announce Earnings on Thursday

Garrett Motion (NYSE:GTX) will be announcing its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Investors that wish to register for the company’s 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 for the quarter, hitting analysts’ consensus estimates of $0.22. Garrett Motion had a negative return on equity of 49.01% and a net margin of 6.72%. The company had revenue of $945.00 million during the quarter, compared to the consensus estimate of $949.00 million.

Garrett Motion Stock Performance

GTX opened at $9.57 on Tuesday. Garrett Motion has a fifty-two week low of $6.43 and a fifty-two week high of $10.16. The company has a market capitalization of $2.17 billion, a P/E ratio of -7.36 and a beta of 1.31. The stock has a fifty day moving average of $9.58 and a 200-day moving average of $8.64.

Insider Buying and Selling

In related news, major shareholder Cyrus Capital Partners, L.P. sold 29,860 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $9.20, for a total value of $274,712.00. Following the transaction, the insider now owns 29,527,284 shares in the company, valued at $271,651,012.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Garrett Motion news, major shareholder Cyrus Capital Partners, L.P. sold 29,860 shares of Garrett Motion stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $9.20, for a total value of $274,712.00. Following the transaction, the insider now owns 29,527,284 shares in the company, valued at $271,651,012.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Sessa Capital Gp, Llc sold 10,000,000 shares of Garrett Motion stock in a transaction dated 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 completion of the transaction, the insider now owns 15,236,484 shares in the company, valued at approximately $137,128,356. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,161,193 shares of company stock worth $101,430,410. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.