Garrett Motion Inc. (GTX)
Market Cap | 1.96B |
Revenue (ttm) | 3.82B |
Net Income (ttm) | -23.00M |
Shares Out | 258.80M |
EPS (ttm) | -1.31 |
PE Ratio | n/a |
Forward PE | 7.06 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 599,349 |
Open | 7.54 |
Previous Close | 7.59 |
Day's Range | 7.52 - 7.63 |
52-Week Range | 5.57 - 8.68 |
Beta | 1.29 |
Analysts | Strong Buy |
Price Target | 15.00 (+97.63%) |
Earnings Date | Oct 25, 2023 |
About GTX
Garrett Motion Inc., together with its subsidiaries, designs, manufactures, and sells turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers worldwide. The company offers light vehicle gasoline and diesel, and commercial vehicle turbochargers, as well as electrified vehicles; and provides automotive software solutions. It offers its products in the aftermarket through distributors. The company was incorporated in 2018 and is headquartered in Rolle, Switzerland. [Read more]
Financial Performance
In 2022, Garrett Motion's revenue was $3.60 billion, a decrease of -0.83% compared to the previous year's $3.63 billion. Earnings were $233.00 million, a decrease of -41.46%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for GTX stock is "Strong Buy" and the 12-month stock price forecast is $15.0.
News

Garrett Motion Reports Strong Second Quarter 2023 Financial Results, Raises Full Year Outlook, and Planning Partial Debt Repayment
Second Quarter 2023 Highlights Net sales totaled $1,011 million, up 18% on a reported basis, up 19% at constant currency* Net income totaled $71 million; Net income margin 7.0% Adjusted EBITDA* totale...

Garrett Motion to Hold Second Quarter 2023 Financial Results Conference Call on Thursday July 27, 2023
ROLLE, Switzerland, July 10, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX), a differentiated technology leader for the automotive industry, today announced it plans to issue financial res...

Garrett's Next-Generation Electric Compressor Technology Debuts in Hydrogen Fuel Cell Vehicle
German automaker pilots advanced technology in hydrogen fuel cell series ROLLE, Switzerland , June 14, 2023 /PRNewswire/ -- Garrett Motion Inc. (Nasdaq: GTX), a differentiated technology leader for th...

Garrett Motion Converts Series A Preferred Stock Into Common Stock
ROLLE, Switzerland, June 13, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX), a differentiated technology leader for the automotive industry, announced today the conversion of the Company's...

Garrett Motion Inc. Skids on Results: Is it Time to Buy the Dip?
If you use the analysts for a guide, the post-release dip in Garrett Motion Inc. (NYSE: GTX) shares offers a buying opportunity. The consensus is a "buy" with a price target roughly 85% above the pre-...

Garrett Motion Reports First Quarter 2023 Financial Results
First Quarter 2023 Highlights Net sales totaled $970 million, up 8% on a reported basis, up 13% at constant currency* Net income totaled $81 million; Net income margin 8.4% Adjusted EBITDA* totaled $1...

Garrett Presents Its Next Generation of Turbochargers and e-Mobility Technologies at Auto Shanghai 2023
SHANGHAI--(BUSINESS WIRE)--Garrett Motion Inc. (Nasdaq: GTX), a differentiated technology leader for the automotive industry, presents at Auto Shanghai 2023 (April 18-27) a portfolio of advanced techn...

Can Garrett Motion Turbocharge A Short Squeeze?
Garrett Motion (NYSE: GTX) is a manufacturer of commercial and light-vehicle turbochargers for the OEM market, and it just released news that could turbocharge this market and spark a short squeeze. T...

Garrett Motion Announces Preliminary Results for First Quarter 2023 and Increases 2023 Outlook
ROLLE, Switzerland, April 17, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP), a leading differentiated technology provider for the automotive industry, today announced strong prelim...

Garrett Motion Reaches Agreements with Centerbridge and Oaktree to Transform Capital Structure
ROLLE, Switzerland, April 13, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP), a leading differentiated automotive technology provider, today announced that it has entered into defin...

Garrett Motion Expects 2023 Financial Results in the Upper End of its Prior Outlook and Will Hold its First Quarter Conference Call on Monday April 24, 2023
ROLLE, Switzerland, April 04, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP), a leading differentiated technology provider for the automotive industry, today announced that it now e...

Garrett Motion Declares a Cash Dividend on Series A Preferred Stock
ROLLE, Switzerland, March 08, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP), a leading differentiated automotive technology provider, today announced that the first quarter dividen...

Garrett Motion Reports Fourth Quarter 2022 Financial Results
Fourth Quarter 2022 Highlights

Garrett Motion to Hold Fourth Quarter and Full Year 2022 Financial Results Conference Call on Tuesday February 14, 2023
ROLLE, Switzerland, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP), a leading differentiated technology provider for the automotive industry, today announced it plans to is...

Garrett Motion Declares a Fourth Quarter 2022 Cash Dividend on Series A Preferred Stock
ROLLE, Switzerland, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP), a leading differentiated automotive technology provider, today announced that the fourth quarter dividen...

Garrett Motion Reports Third Quarter 2022 Financial Results
Third Quarter 2022 Highlights

Garrett Motion to Hold Third Quarter 2022 Results Conference Call on Wednesday October 26, 2022
ROLLE, Switzerland, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP), a leading differentiated technology provider for the automotive industry, today announced it plans to is...

Garrett Motion Declares Cash Dividend on Series A Preferred Stock
ROLLE, Switzerland, Sept. 08, 2022 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP), a leading differentiated automotive technology provider, today announced that the third quarter dividen...

Gabelli Funds to Host 46th Annual Auto Symposium October 31st and November 1st
RYE, N.Y.--(BUSINESS WIRE)--Gabelli Funds, LLC, will host the 46th Annual Auto Symposium at the Waldorf Astoria in Las Vegas beginning on October 31, 2022. This two-day symposium will feature presenta...

Garrett Motion Reports Second Quarter 2022 Financial Results
Second Quarter 2022 Highlights

Garrett Motion to Hold Second Quarter 2022 Financial Results Conference Call on Thursday July 28, 2022
ROLLE, Switzerland, July 14, 2022 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP), a leading differentiated technology provider for the automotive industry, today announced it plans to is...

Garrett Motion To Achieve Milestone by Early Redemption of All Remaining Series B Preferred Stock
The $212 million outstanding Series B will be repaid with cash on hand The $212 million outstanding Series B will be repaid with cash on hand

o9 Solutions Platform To Transform Garrett Motion's End-To-End Supply Chain Planning Capabilities
DALLAS--(BUSINESS WIRE)--o9 Solutions, a leading enterprise AI software platform provider for transforming planning and decision-making, announced today that it is collaborating with Garrett Motion, a...

Garrett Motion Reports First Quarter 2022 Financial Results
First Quarter 2022 Highlights

Garrett Highlights Next-Gen Electrification and Connected Vehicle Innovations at Vienna Motor Symposium
Next generation powertrain E-Boosting technologies and software solutions on display at major European auto event Next generation powertrain E-Boosting technologies and software solutions on display a...