BWS Financial Comments on Garrett Motion Inc.’s Q4 2024 Earnings (NYSE:GTX)

Garrett Motion Inc. (NYSE:GTX) – Stock analysts at BWS Financial decreased their Q4 2024 earnings per share estimates for shares of Garrett Motion in a research note issued to investors on Thursday, September 19th. BWS Financial analyst H. Khorsand now expects that the company will post earnings per share of $0.27 for the quarter, down from their prior forecast of $0.29. BWS Financial currently has a “Buy” rating and a $12.00 target price on the stock. The consensus estimate for Garrett Motion’s current full-year earnings is $1.17 per share. BWS Financial also issued estimates for Garrett Motion’s Q1 2025 earnings at $0.30 EPS, Q2 2025 earnings at $0.30 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.31 EPS and FY2025 earnings at $1.24 EPS.

Garrett Motion (NYSE:GTX) last announced its earnings results on Thursday, July 25th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04. The business had revenue of $890.00 million for the quarter, compared to the consensus estimate of $950.00 million. Garrett Motion had a negative return on equity of 33.11% and a net margin of 6.44%. During the same period last year, the business posted ($1.88) EPS.

Garrett Motion Stock Performance

Shares of NYSE:GTX opened at $8.11 on Monday. The company has a market cap of $1.83 billion, a P/E ratio of -7.05 and a beta of 1.15. Garrett Motion has a one year low of $6.43 and a one year high of $10.16. The business’s 50-day simple moving average is $8.32 and its 200 day simple moving average is $8.93.

Institutional Investors Weigh In On Garrett Motion

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP increased its holdings in Garrett Motion by 54.8% during the 2nd quarter. Quarry LP now owns 5,170 shares of the company’s stock worth $44,000 after purchasing an additional 1,830 shares during the last quarter. Algert Global LLC increased its holdings in Garrett Motion by 109.0% during the 2nd quarter. Algert Global LLC now owns 46,718 shares of the company’s stock worth $401,000 after purchasing an additional 24,368 shares during the last quarter. Maverick Capital Ltd. increased its holdings in Garrett Motion by 324.1% during the 2nd quarter. Maverick Capital Ltd. now owns 169,061 shares of the company’s stock worth $1,452,000 after purchasing an additional 129,195 shares during the last quarter. MBB Public Markets I LLC acquired a new position in shares of Garrett Motion in the 2nd quarter worth approximately $131,000. Finally, AYAL Capital Advisors Ltd grew its position in shares of Garrett Motion by 25.0% in the 2nd quarter. AYAL Capital Advisors Ltd now owns 625,000 shares of the company’s stock worth $5,369,000 after acquiring an additional 125,000 shares in the last quarter. 86.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Garrett Motion

In related news, major shareholder Cyrus Capital Partners, L.P. sold 3,779 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $10.01, for a total transaction of $37,827.79. Following the sale, the insider now directly owns 27,337,398 shares in the company, valued at approximately $273,647,353.98. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Garrett Motion news, major shareholder Cyrus Capital Partners, L.P. sold 3,779 shares of Garrett Motion stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $10.01, for a total transaction of $37,827.79. Following the sale, the insider now directly owns 27,337,398 shares in the company, valued at approximately $273,647,353.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Julia Steyn sold 14,000 shares of Garrett Motion stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $8.77, for a total value of $122,780.00. Following the sale, the director now owns 53,781 shares in the company, valued at $471,659.37. The disclosure for this sale can be found here. Company insiders own 0.60% 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.