Garrett Motion Inc. (NYSE:GTX) to Issue $0.06 — Dividend

Garrett Motion Inc. (NYSE:GTX) declared a — dividend on Friday, December 6th,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be paid a dividend of 0.06 per share on Friday, January 31st. This represents a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, January 15th.

Garrett Motion Trading Down 3.0 %

NYSE:GTX opened at $8.91 on Friday. The company has a market cap of $1.90 billion, a PE ratio of 8.74 and a beta of 1.16. The company has a 50 day simple moving average of $8.02 and a two-hundred day simple moving average of $8.35. Garrett Motion has a 12 month low of $7.13 and a 12 month high of $10.16.

Garrett Motion (NYSE:GTX) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.06). Garrett Motion had a negative return on equity of 31.48% and a net margin of 6.54%. The firm had revenue of $826.00 million during the quarter, compared to the consensus estimate of $854.00 million. During the same period in the previous year, the firm earned $0.23 EPS. Research analysts forecast that Garrett Motion will post 1.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reiterated a “buy” rating and issued a $12.00 price objective on shares of Garrett Motion in a research note on Friday, October 25th.

Insider Transactions at Garrett Motion

In other news, SVP Thierry Mabru sold 50,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $7.47, for a total value of $373,500.00. Following the completion of the sale, the senior vice president now directly owns 140,509 shares in the company, valued at $1,049,602.23. This represents a 26.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.60% of the company’s stock.

About Garrett Motion

Garrett Motion Inc, together with its subsidiaries, designs, manufactures, and sells turbocharging, air and fluid compression, and high-speed electric motor technologies for original equipment manufacturers and distributors worldwide. The company offers cutting-edge technology for the mobility and industrial space, including light vehicles, commercial vehicles, and industrial applications.