Garrett Motion (NYSE:GTX – Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Garrett Motion to post earnings of $0.22 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Garrett Motion (NYSE:GTX – Get Free Report) last released its quarterly 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 business had revenue of $945.00 million during the quarter, compared to analysts’ expectations of $949.00 million.
Garrett Motion Price Performance
Garrett Motion stock 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 business has a 50 day simple moving average of $9.60 and a 200-day simple moving average of $8.65. The stock has a market capitalization of $2.21 billion, a PE ratio of -7.48 and a beta of 1.31.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on GTX
Insider Transactions at Garrett Motion
In other Garrett Motion news, major shareholder Sessa Capital Gp, Llc sold 10,000,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was 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 $137,128,356. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Garrett Motion news, major shareholder Sessa Capital Gp, Llc sold 10,000,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was 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 $137,128,356. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Cyrus Capital Partners, L.P. sold 29,860 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $9.20, for a total value of $274,712.00. Following the completion of the transaction, the insider now owns 29,527,284 shares of the company’s stock, valued at approximately $271,651,012.80. The disclosure for this sale can be found here. Insiders sold 11,161,193 shares of company stock worth $101,430,410 over the last 90 days. 0.60% of the stock is currently owned by 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.
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