Garrett Motion (GTX) to Release 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 listen to the company’s conference call can do so using this link.

Garrett Motion (NYSE:GTX) last issued its earnings results on Thursday, February 15th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate 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 analyst estimates of $949.00 million.

Garrett Motion Price Performance

NYSE:GTX opened at $9.73 on Wednesday. Garrett Motion has a 12-month low of $6.43 and a 12-month high of $10.16. The firm has a market capitalization of $2.21 billion, a P/E ratio of -7.48 and a beta of 1.31. The business has a 50 day simple moving average of $9.60 and a 200 day simple moving average of $8.65.

Analyst Ratings Changes

Separately, BWS Financial restated a “buy” rating and set a $15.00 price objective on shares of Garrett Motion in a research report 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 business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $9.35, for a total transaction of $1,870,000.00. Following the completion of the transaction, the insider now owns 29,327,284 shares in the company, valued at approximately $274,210,105.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Garrett Motion news, major shareholder Cyrus Capital Partners, L.P. sold 200,000 shares of Garrett Motion stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $9.35, for a total transaction of $1,870,000.00. Following the sale, the insider now owns 29,327,284 shares of the company’s stock, valued at approximately $274,210,105.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Sessa Capital Gp, Llc sold 10,000,000 shares of Garrett Motion 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 directly owns 15,236,484 shares in the company, valued at approximately $137,128,356. The disclosure for this sale can be found here. Insiders sold 11,161,193 shares of company stock worth $101,430,410 in the last 90 days. 0.60% of the stock is currently owned by company insiders.

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.