Automotive technology company, Garrett Motion (GTX:NYE), is set to release its quarterly earnings data before the market opens on Monday, April 24th. According to analysts, Garret Motion stock is expected to post earnings of $0.20 per share for the quarter.
Previous Quarter Earnings Review:
In its last earnings report on February 14th, Garrett Motion reported earnings per share (EPS) of $0.23 for the quarter, missing the consensus estimate of $0.26 by $0.03.
The company had revenue of $898.00 million, falling short of analyst estimates of $949.00 million. Additionally, Garrett Motion had a negative return on equity of 193.55% and a net margin of 10.82%.
Garret Motion Stock Price Analysis:
Despite the upcoming earnings announcement, shares of Garret Motion stock opened on Monday down 3.4% at $7.90. The company has a 50-day moving average of $7.78 and a 200-day moving average of $7.42. Its 52-week low is $5.57 and its 52-week high is $8.65.
Garrett Motion currently has a market capitalization of $512.24 million, a price-to-earnings ratio of 10.68, and a beta of 1.30.
Analysts Take on Garret Motion Stock:
Analysts predict that Garrett Motion will post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year. BWS Financial restated a “buy” rating and set a $15.00 price objective on shares of Garrett Motion stock in a research note on February 15th.
Hedge Funds & Institutional Holdings:
Several hedge funds have recently made changes to their positions in the company, with 72.67% of Garret Motion stock currently owned by institutional investors. Quantbot Technologies LP, UBS Group AG, Advisor Group Holdings Inc., Verition Fund Management LLC, and Cubist Systematic Strategies LLC are among those who have made recent moves.
Garrett Motion Inc., together with its subsidiaries, designs, manufactures, and sells turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers worldwide.
The company offers light vehicle gasoline and diesel, and commercial vehicle turbochargers, as well as electrified vehicles; and provides automotive software solutions. It offers its products in the aftermarket through distributors. The company was incorporated in 2018 and is headquartered in Rolle, Switzerland.