BWS Financial Lowers Earnings Estimates for Garrett Motion

Garrett Motion Inc. (NYSE:GTX) – Research analysts at BWS Financial lowered their Q4 2024 earnings per share estimates for shares of Garrett Motion in a research report issued to clients and investors on Wednesday, January 22nd. BWS Financial analyst H. Khorsand now expects that the company will post earnings per share of $0.26 for the quarter, down from their prior estimate of $0.29. 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.

Garrett Motion Stock Down 2.6 %

Shares of GTX opened at $9.41 on Monday. The company has a 50-day simple moving average of $9.02 and a 200-day simple moving average of $8.47. Garrett Motion has a 52-week low of $7.13 and a 52-week high of $10.16. The company has a market capitalization of $2.01 billion, a PE ratio of 9.22 and a beta of 1.16.

Garrett Motion Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a dividend yield of 2.7%. Garrett Motion’s dividend payout ratio is presently 23.53%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd purchased a new stake in shares of Garrett Motion during the 3rd quarter worth about $28,000. Quarry LP grew its stake in Garrett Motion by 54.8% during the 2nd quarter. Quarry LP now owns 5,170 shares of the company’s stock valued at $44,000 after purchasing an additional 1,830 shares in the last quarter. Gladius Capital Management LP acquired a new position in shares of Garrett Motion in the 3rd quarter valued at approximately $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 stake in shares of Garrett Motion in the 3rd quarter valued at about $116,000. Institutional investors and hedge funds own 86.27% of the company’s stock.

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.