Garrett Motion Inc. (NASDAQ:GTX) Declares Quarterly Dividend of $0.08

Garrett Motion Inc. (NASDAQ:GTX) announced a quarterly dividend on Thursday, October 29th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.08 per share on Tuesday, December 15th. This represents a $0.32 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, December 1st.

Garrett Motion Stock Up 0.7%

Shares of GTX stock opened at $22.48 on Friday. The business has a 50-day moving average price of $25.65 and a two-hundred day moving average price of $25.33. Garrett Motion has a 12-month low of $15.54 and a 12-month high of $36.25. The firm has a market cap of $4.19 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 0.67 and a beta of 0.83.

Garrett Motion (NASDAQ:GTX) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. The firm had revenue of $930.00 million for the quarter. Garrett Motion had a negative return on equity of 46.50% and a net margin of 9.51%. Garrett Motion’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 earnings per share. As a group, research analysts expect that Garrett Motion will post 1.88 EPS for the current fiscal year.

Key Garrett Motion News

Here are the key news stories impacting Garrett Motion this week:

• Positive Sentiment: Strong quarterly profitability and capital returns: Garrett reported third-quarter adjusted EBIT of $152 million, a 16.3% margin, $136 million in adjusted free cash flow and $135 million in operating cash flow. The company also authorized a $250 million share-repurchase program for 2027, which could support per-share results. Garrett Motion third-quarter results and buyback announcement
• Positive Sentiment: EPS beat expectations: Third-quarter earnings were $0.51 per share versus the $0.45 consensus estimate and $0.38 a year earlier. Net sales rose 3.1% year over year to $930 million, helped by commercial-vehicle and industrial demand. Garrett Motion earnings beat
• Positive Sentiment: Growth pipeline remains active: Garrett secured additional turbocharger programs, commercial-vehicle applications and an industrial e-cooling compressor award in Asia. E-powertrain and e-cooling compressor products remain on track for 2027 production, while data-center cooling applications offer another potential growth avenue. Garrett Motion data-center cooling technology
• Positive Sentiment: Dividend maintained: The company declared a quarterly dividend of $0.08 per share, equivalent to $0.32 annually and an approximately 1.4% yield, providing an additional shareholder return.
• Neutral Sentiment: Guidance was reaffirmed: Management maintained the midpoint of its full-year 2026 outlook. However, quarterly revenue of $930 million was slightly below the $935.2 million FactSet estimate, limiting the upside from the earnings report. Garrett Motion revenue report
• Negative Sentiment: Board transition and insider selling add caution: Director Steven Tesoriere, an Oaktree representative and former committee chair, resigned. Separately, reported insider activity showed six sales and no purchases over the past six months, which may weigh on sentiment, although neither development directly changes operating guidance. Garrett Motion board resignation

Garrett Motion Company Profile

Garrett Motion Inc is an automotive technology company that develops and manufactures solutions designed to improve vehicle performance, efficiency and emissions. Its products serve passenger vehicles, commercial vehicles and off-highway applications, supporting both internal-combustion and electrified powertrains.

The company is best known for its turbocharging technologies, including turbochargers and related air-management systems. Garrett also develops electric boosting systems, fuel-cell compressors, thermal-management products and other components intended to support hybrid, electric and fuel-cell vehicles.