Garrett Motion Inc. (NYSE: GTX – Get a rating) – BWS Financial raised its second quarter 2022 earnings per share estimate for Garrett Motion in a research note released to investors on Tuesday, June 21. BWS Financial analyst H. Khorsand now expects the company to post earnings per share of $0.25 for the quarter, up from its previous forecast of $0.23. The consensus estimate of Garrett Motion’s current annual earnings is $1.06 per share. BWS Financial also released Garrett Motion’s Q3 2022 earnings estimates at $0.28 EPS, Q4 2022 earnings at $0.30 EPS, and FY2022 earnings at $1.11 EPS.
Garrett Motion shares opened at $7.95 on Friday. The company has a 50-day moving average price of $6.60 and a 200-day moving average price of $7.01. The company has a market capitalization of $512.85 million, a P/E ratio of 8.14 and a beta of 1.85. Garrett Motion has a 52-week low of $5.61 and a 52-week high of $8.59. Garrett Motion (NYSE:GTX- Get a rating) last released its quarterly earnings data on Thursday, April 28. The company reported earnings per share of $0.15 for the quarter, missing analyst consensus estimates of $0.21 per ($0.06). The company posted revenue of $901.00 million for the quarter, versus a consensus estimate of $862.00 million. Garrett Motion had a net margin of 19.45% and a negative return on equity of 59.33%.
Hedge funds have recently increased or reduced their holdings in the stock. GHP Investment Advisors Inc. acquired a new stake in Garrett Motion in Q1 worth approximately $27,000. Moors & Cabot Inc. acquired a new stake in Garrett Motion in Q3 worth approximately $364,000. Advisor Group Holdings Inc. increased its stake in Garrett Motion by 31.0% in Q1. Advisor Group Holdings Inc. now owns 12,015 shares of the company worth $85,000 after buying 2,846 additional shares in the last quarter. Titleist Asset Management LTD. bought a new position in Garrett Motion during Q1 worth approximately $104,000. Finally, Prescott Group Capital Management LLC bought a new position in Garrett Motion during Q4 worth approximately $185,000. Institutional investors hold 69.68% of the company’s shares.
Garrett Motion Company Profile (Get a rating)
Garrett Motion Inc, together with its subsidiaries, designs, manufactures and sells turbocharging and electric supercharging technologies for light and commercial vehicle original equipment manufacturers worldwide. The company offers gasoline and diesel turbochargers for light vehicles and commercial vehicles; and provides automotive software solutions.
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