Garrett Motion Inc. (GTX) To Go Ex-Dividend on September 1st

Garrett Motion Inc. (NASDAQ:GTX) declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.08 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 1st.

Garrett Motion Stock Performance

Garrett Motion stock opened at $31.01 on Friday. The company’s fifty day moving average price is $32.70 and its 200 day moving average price is $24.84. Garrett Motion has a 1 year low of $12.26 and a 1 year high of $36.25. The stock has a market capitalization of $5.80 billion, a P/E ratio of 17.04, a P/E/G ratio of 0.85 and a beta of 0.78.

Garrett Motion (NASDAQ:GTX) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. The company had revenue of $976.00 million during the quarter. Garrett Motion had a net margin of 9.51% and a negative return on equity of 46.50%. The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 earnings per share. Sell-side analysts predict that Garrett Motion will post 1.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Garrett Motion in a research report on Friday, July 24th. Royal Bank Of Canada set a $42.00 price objective on Garrett Motion in a report on Thursday, May 21st. Stifel Nicolaus increased their target price on Garrett Motion from $29.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Zacks Research downgraded Garrett Motion from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, BWS Financial reiterated a “buy” rating and set a $42.00 price target on shares of Garrett Motion in a research report on Thursday. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.80.

About Garrett Motion

Garrett Motion Inc is a technology leader specializing in the design, development and manufacture of turbocharging systems and related technologies for the global automotive industry. Its product portfolio includes conventional exhaust gas turbochargers, variable-geometry turbochargers, electric and e-boost turbochargers, as well as electronic actuators, sensors and thermal management systems. The company’s solutions are engineered to improve engine efficiency, reduce emissions and support automakers’ efforts to meet evolving regulatory standards for fuel economy and air quality.

Garrett Motion traces its roots to the founding of AiResearch by Cliff Garrett in 1936, a pioneer in aircraft and automotive turbocharging technologies.