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

Garrett Motion Inc. (NASDAQ:GTX) announced a quarterly dividend on Thursday, April 30th. Shareholders of record on Monday, June 1st will be given a dividend of 0.08 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, June 1st.

Garrett Motion Stock Down 1.6%

NASDAQ:GTX opened at $32.76 on Friday. The stock’s 50 day moving average price is $23.65 and its two-hundred day moving average price is $19.99. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 1.11 and a beta of 0.70. Garrett Motion has a 12-month low of $9.57 and a 12-month high of $34.34.

Garrett Motion (NASDAQ:GTX) last released its quarterly earnings data on Friday, May 1st. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.06. The firm had revenue of $985.00 million for the quarter, compared to analyst estimates of $917.23 million. Garrett Motion had a negative return on equity of 42.77% and a net margin of 9.29%.The business’s quarterly revenue was up 12.2% compared to the same quarter last year. Equities research analysts expect that Garrett Motion will post 1.83 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Freedom Capital lowered Garrett Motion from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. BWS Financial upped their price objective on Garrett Motion from $32.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. upped their price objective on Garrett Motion from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Weiss Ratings initiated coverage on Garrett Motion in a research note on Wednesday, April 29th. They issued a “buy (b)” rating on the stock. Finally, Royal Bank Of Canada set a $42.00 target price on Garrett Motion in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Garrett Motion has a consensus rating of “Moderate Buy” and an average price target of $31.83.

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.