Garrett Motion (GTX) Scheduled to Post Earnings on Thursday

Garrett Motion (NYSE:GTX) is scheduled to 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 interested in listening to the company’s conference call can do so using this link.

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

Garrett Motion Trading Down 1.0 %

Shares of NYSE:GTX opened at $9.14 on Thursday. Garrett Motion has a 52 week low of $6.43 and a 52 week high of $10.16. The company’s 50 day moving average is $9.52 and its two-hundred day moving average is $8.59. The company has a market cap of $2.08 billion, a PE ratio of -7.03 and a beta of 1.31.

Insider Activity

In other news, major shareholder Sessa Capital Gp, Llc sold 10,000,000 shares of the company’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 completion of the transaction, the insider now owns 15,236,484 shares in the company, valued at approximately $137,128,356. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, major shareholder Cyrus Capital Partners, L.P. sold 200,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $9.35, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Sessa Capital Gp, Llc sold 10,000,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $9.00, for a total transaction of $90,000,000.00. Following the completion of the transaction, the insider now owns 15,236,484 shares of the company’s stock, valued at approximately $137,128,356. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,161,193 shares of company stock worth $101,430,410. Corporate insiders own 37.08% of the company’s stock.

Institutional Trading of Garrett Motion

Large investors have recently bought and sold shares of the business. Comerica Bank boosted its stake in Garrett Motion by 238.0% during the 4th quarter. Comerica Bank now owns 3,677 shares of the company’s stock worth $36,000 after purchasing an additional 2,589 shares during the period. Dark Forest Capital Management LP acquired a new stake in Garrett Motion during the 1st quarter worth $35,000. Quantbot Technologies LP acquired a new stake in Garrett Motion during the 2nd quarter worth $37,000. Barclays PLC boosted its stake in Garrett Motion by 888.6% during the 2nd quarter. Barclays PLC now owns 6,505 shares of the company’s stock worth $49,000 after purchasing an additional 5,847 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in Garrett Motion by 342.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,864 shares of the company’s stock worth $75,000 after purchasing an additional 7,636 shares during the period. Institutional investors and hedge funds own 86.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a “buy” rating and issued a $15.00 price objective 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.