Garrett Motion Inc. (GTX) to Issue Quarterly Dividend of $0.08 on March 16th

Garrett Motion Inc. (NYSE:GTX) announced a quarterly dividend on Thursday, February 19th. Investors of record on Monday, March 2nd will be given a dividend of 0.08 per share on Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, March 2nd.

Garrett Motion Price Performance

Shares of Garrett Motion stock traded down $0.10 during trading on Friday, hitting $20.36. 3,362,113 shares of the company were exchanged, compared to its average volume of 2,592,434. The firm has a market capitalization of $3.87 billion, a P/E ratio of 16.03 and a beta of 0.33. The firm’s fifty day moving average price is $18.73 and its 200 day moving average price is $16.15. Garrett Motion has a 1-year low of $7.01 and a 1-year high of $21.42.

Garrett Motion (NYSE:GTX) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. Garrett Motion had a net margin of 8.12% and a negative return on equity of 38.75%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Garrett Motion will post 1.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GTX has been the topic of several research analyst reports. JPMorgan Chase & Co. initiated coverage on Garrett Motion in a research note on Wednesday, December 17th. They set an “overweight” rating and a $23.00 price objective on the stock. Zacks Research downgraded Garrett Motion from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. BWS Financial lifted their price objective on Garrett Motion from $18.00 to $22.00 and gave the company a “buy” rating in a report on Friday, December 12th. Finally, Stifel Nicolaus boosted their price objective on Garrett Motion from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Garrett Motion currently has an average rating of “Moderate Buy” and a consensus price target of $18.80.

Garrett Motion Company Profile

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.