Garrett Motion Inc. (NYSE:GTX) – Investment analysts at BWS Financial dropped their Q3 2021 earnings per share estimates for Garrett Motion in a research report issued to clients and investors on Tuesday, September 21st. BWS Financial analyst H. Khorsand now forecasts that the company will earn $0.24 per share for the quarter, down from their prior forecast of $0.27. BWS Financial has a “Buy” rating on the stock. BWS Financial also issued estimates for Garrett Motion’s Q4 2021 earnings at $0.24 EPS.
Separately, Zacks Investment Research lowered Garrett Motion from a “hold” rating to a “strong sell” rating in a research report on Thursday.
Garrett Motion (NYSE:GTX) last announced its earnings results on Thursday, July 29th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.56. The business had revenue of $935.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. Garrett Motion had a negative return on equity of 11.88% and a net margin of 9.11%.
Several hedge funds have recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. purchased a new stake in Garrett Motion in the 1st quarter worth approximately $98,000. Tudor Investment Corp Et Al purchased a new stake in shares of Garrett Motion in the 1st quarter valued at about $191,000. Zweig DiMenna Associates LLC purchased a new stake in shares of Garrett Motion in the 2nd quarter valued at about $1,414,000. Advisor Group Holdings Inc. purchased a new position in shares of Garrett Motion during the 2nd quarter valued at about $66,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Garrett Motion during the 2nd quarter valued at about $390,000. Institutional investors own 64.73% of the company’s stock.
Garrett Motion Company Profile
Garrett Motion, Inc provides automobile technology. The firm engages in the designing, manufacturing and selling engineered turbocharger, electric-boosting technologies for light and commercial vehicle original equipment manufacturers. It offers light vehicle gasoline, light vehicle diesel and commercial vehicle turbochargers that enhance vehicle performance, fuel economy and drivability.
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