Earnings results for Garrett Motion Inc (NYSE:GTX)
Garrett Motion Inc. is expected* to report earnings on 05/11/2020 before market open. The report will be for the fiscal Quarter ending Mar 2020. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.13. The reported EPS for the same quarter last year was $0.97.
Garrett Motion last released its quarterly earnings results on February 27th, 2020. The reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.27. The firm earned $830 million during the quarter, compared to the consensus estimate of $801.91 million. Its revenue was up 3.9% on a year-over-year basis. Garrett Motion has generated $3.86 earnings per share over the last year and currently has a price-to-earnings ratio of 1.2. Garrett Motion has confirmed that its next quarterly earnings report will be published on Monday, May 11th, 2020. Garrett Motion will be holding an earnings conference call on Monday, May 11th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.
Analyst Opinion on Garrett Motion Inc (NYSE:GTX)
5 Wall Street analysts have issued ratings and price targets for Garrett Motion in the last 12 months. Their average twelve-month price target is $9.80, suggesting that the stock has a possible upside of 96.00%. The high price target for GTX is $22.00 and the low price target for GTX is $2.00. There are currently 2 sell ratings and 3 hold ratings for the stock, resulting in a consensus rating of “Hold.”
Garrett Motion has received a consensus rating of Hold. The company’s average rating score is 1.60, and is based on no buy ratings, 3 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $9.80, Garrett Motion has a potential upside of 96.0% from its current price of $5.00. Garrett Motion has only been the subject of 2 research reports in the past 90 days.
Dividend Strength: Garrett Motion Inc (NYSE:GTX)
Garrett Motion does not currently pay a dividend. Garrett Motion does not have a long track record of dividend growth.
Insiders buying/selling: Garrett Motion Inc (NYSE:GTX)
In the past three months, Garrett Motion insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $354,240.00 in company stock. Only 0.40% of the stock of Garrett Motion is held by insiders. 79.59% of the stock of Garrett Motion is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Garrett Motion Inc (NYSE:GTX
Earnings for Garrett Motion are expected to grow by 57.85% in the coming year, from $1.21 to $1.91 per share. The P/E ratio of Garrett Motion is 1.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 12.78. The P/E ratio of Garrett Motion is 1.21, which means that it is trading at a less expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 11.13. Garrett Motion has a PEG Ratio of 1.68. PEG Ratios above 1 indicate that a company could be overvalued.
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